ProFinance Blog | Personal Finance & Money Management Tips
Tina Roth's blog is not about hard-to-follow tips but the simplistic approach towards dealing with financial issues. All content on the blog has been thoroughly reviewed and the result for personal experience by experts who know the in and out of finance management.
If you are looking to invest in something that will bring you a good return, the level of risk goes with the asset you are acquiring. A high-risk investment does usually offer a very attractive return, yet there is a chance you will not make a profit, or worse, lose your investment, and with that in mind, here are a few secure investments you can make.
Precious Stones – Precious stones are a valuable commodity in which you can put some of your wealth. It is never a good idea to put all of your eggs in one basket, and if you should have the opportunity to buy some diamonds at a fair price, you can expect their value to appreciate over time. Don’t buy any stones that do not have an authentic GIA certificate, as you can never be sure if the diamonds are real, and prior to making any investment, you should do some online research about precious stones.
Gold – This yellow precious metal is globally recognised and accepted, making it a very attractive proposition for an investor. Once in your possession, a few ounces of gold are easy to store, and should you ever need some security for a loan, there are pawn shops in Sydney who will offer you a great loan deal. Gold coins are also a good investment, and rather than leave your wealth in a currency, gold is a safer investment by far.
Antique Jewellery – If you love fine items, why not invest some of your money in a superb antique watch? Antique jewellery can make for a very attractive investment, and you should always take very good care of the items, and keep them in a safe place. In the event you wanted a loan to start a new business, a local pawn shop would be able to value the items and allow you to borrow on that security.
Real Estate – Land prices never go down, and if you have the funds and are looking for a long-term investment, real estate is always a secure investment. Should you purchase a plot of land in a rural area, and development began shortly after, you could make quite a profit in 5 or 6 years, should you decide to sell.
Silver – Like gold, silver has a current price, and if you buy enough, you could make a good return. Any precious metal is valuable, and some investors buy and sell precious metals on the futures market, where they never actually take possession of the metal, yet they can openly trade.
Fine Art – One does need to be somewhat of an expert, but if you know what you are looking at, you can make a healthy return on some fine art items. This is usually a hobby for an investor, rather than being an investment strategy. There is an informative article on the best investments in 2019, which is recommended reading for any novice investor.
Any of the above commodities are considered safe investments, and by diversifying your investments, you are minimising the risk of losing money.
What makes a bridging loan the best possible funding solution in a crisis?
The answer, of course, depends on how you define a crisis in the first place.
In the private borrowing sphere, it could be that you’ve run into difficulties repaying your mortgage and would prefer to avoid repossession. You need to source the money to pay off your remaining mortgage as quickly as possible, in order to then sell your home, repay the loan and keep any additional proceeds raised.
It could also simply be that you’ve found the home of your dreams at an unbeatable price, but the sale on your existing property is still pending.
On the business end, a crisis scenario could include funding urgent repairs and building works, paying an unexpected tax bill or tiding employee payroll over while you’re waiting for invoices to clear. In all instances, time is a factor.
Just a few of the endless bridging loan examples where fast-access funding can be a real lifeline.But what is it about bridging loans that makes them so suitable for crisis situations? Why should a bridging loan be the first choice for anyone dealing with an unexpected and urgent financial issue?
The Application Is Straightforward
For one thing, bridging loan applications are comparatively straightforward. After exploring the options with an online bridging loan repayment calculator, it’s simply a case of contacting a leading broker and having them compare the market on your behalf. You’re not expected to jump through hoops, or provide a complete account of your life history to date. Just as long as you’re able to provide sufficient collateral to cover the value of the loan, you’re almost guaranteed to be accepted.Far quicker and easier than applying for a traditional loan or mortgage product.
Extensive Supplementary Evidence Is Unnecessary
More often than not, the only evidence bridging lenders require is that of the collateral you intend to use to secure the loan. In which case, nothing else matters. Your financial status and history are inconsequential, as is your current income level. Along with simplifying the application for the borrower, this also streamlines and accelerates processing on the part of the lender. All of which adds up to a far quicker and easier experience when time is a pressing issue.
Your Credit Report Won’t Hold You Back
Bridging loans are rare examples of flexible and affordable credit facilities where your credit report won’t necessarily hold you back. While some bridging lenders continue to factor credit scores into their decision-making processes, the vast majority aren’t interested in your credit history. Once again, the only thing that matters is the applicant’s ability to provide sufficient collateral to cover the loan. Applicants with poor credit or no credit history whatsoever aren’t necessarily counted out of the running.
The Funds Can be Accessed Within Days
Perhaps most importantly of all, funds made available by way of a bridging loan can be accessed within a matter of days. From the moment the application is submitted, it can take as little as five working days for the whole thing to be processed and completed. There are few (if any) comparable lending facilities on the market that can get the job done quite as quickly as a bridging loan. Hence, when delays and complications need to be eliminated from the equation, there’s no better option than a bridging loan.
There Are Comparatively Few Restrictions
Last but not least, bridging loans are issued subject to comparatively few restrictions. For example, a bridging loan can be used for absolutely any legal purpose whatsoever. In addition, there are no upper limits to how much can be borrowed at any one time. Once again, it all comes down to the value of the assets the applicant uses to secure the loan. Unlike more traditional loan applications, the lender is unlikely to have any interest in your intentions for the loan – just as long as they are legitimate.
Established in 2017, Markets.Online is a regulated and fast progressing online broker that provides online trading services using the latest technology. It offers over 200 assets to trade including currencies, commodities, indices, and stocks. Markets.Online’s main objective is to provide traders with the best trading tools and resources they need to trade successfully. You can check their website here: https://www.markets.online/
Who is Markets.Online?
It is an Internet-based broker, providing online trading services to clients around the world. Markets.Online is powered by HF & Co. Limited, a Financial Services Company authorized and regulated as Securities Dealer by FSA – License number SD022; and company registration number 8423558-1.
The brokers’ aim is to provide their clients with an easy access to online trading and offering them a wide variety of assets on its user-friendly trading platform. Markets.Online has gained a lot of popularity in a very short amount of time thanks to its outstanding service and features it offers to clients.
This broker provides over 200 assets to trade in markets around the globe, including:
I explored Markets.Online assets list and I’m amazed at the numerous assets they offer to trade and each one of them has a different leverage amount. Click here to find the list of assets: https://www.markets.online/asset-index/
Besides, if you are still a beginner, Markets.Online provides helpful resources to help you understand what online trading is and details about the different assets. You can read more on the broker’s website on:
What is online trading
Account Types and Benefits offered:
Since online trading is quite challenging, it is advisable to first take a look at the different account types of this broker before registering, especially for beginners. It is essential to choose the ideal account type which is suitable for you. Each account type has its own advantages and disadvantages. Thus, it is important to choose your account type wisely.
Since I’m still a beginner, I personally opted for the first one – STARTER which starts with a minimum of $250. This account provided the essential information that helped me to trade and have an amazing trading experience. Click here to find out more: https://www.markets.online/account-types/
Find the different Account Types offered by Markets.Online:
$250 – $999
Leverage up to 1:300
$1000 – $4999
Leverage up to 1:300
$5000 – $ 50,000
Leverage up to 1:300
Markets.Online trading platform
This broker enables users to place transactions easily as it uses a platform that is both mobile-friendly and web-friendly. The platform has been designed in a simple and easy way, allowing traders of all levels to trade easily. Once I registered an account on Markets.Online, I started using its trading platform regularly. It has many helpful features and tools.
The chart which shows the live fluctuation of assets can be calibrated for different time frame views, and display different time zones which you can set easily depending on your country. The daily updates on financial markets are easily spotted on the right-hand side, and the different assets to trade found on the left-hand side. Indicators such as relative strength index, relative volatility index and many more are found on the top of the live chart and at its bottom, you will find quantitative information about the assets you want to trade such as quantity, rate, direction, and market rate.
Other features of Markets.Online
Markets.Online provides interesting features that help and educate traders to make wise trading decisions. For instance, the daily updates on the financial markets and short videos to help you understand more about the market itself. These educational materials help both beginners and experts to make important trading decisions and to make the most of their online trading journey.
Once I funded my trading account and started trading with this broker, I was receiving emails to attend their weekly webinars. I have attended two of these webinars and I found it very helpful. The webinars are simple, easy to understand and help you learn more about online trading and trading techniques in a short amount of time.
Markets.Online also has a Learning Academy which educates its clients on the basics of online trading and how to make use of the indicators provided. Their program is separated into different topics such as: what is online trading, how to trade on online trading, online trading strategies, online trading tips, and trading volatility. Traders can go through these articles to have a better understanding of online trading.
Customer Service of Markets.Online
I would rate the customer support of this broker at 4.4/5 as it is readily available and is flexible. Clients can easily contact them through phone, by email at email@example.com and through chat on their website. You can also contact them on their social media accounts – Facebook, LinkedIn, and Twitter. I was having an issue during the withdrawal process and I sent them an email. They were quick to reply and solve my problem.
Regulated online trading broker
Reliable customer support
Safe and secure trading platform
Variety of leverage
Simple trading platform
Helpful educational resources
Withdrawal process is a bit slow
Limited options for trading commodity
This Markets.Online review aimed to give traders an apercu of what they are getting when opening an account with the broker. It is the ideal online trading platform for traders who want to have a good trading experience, learn about the financial market and the different factors affecting financial assets. The platform is user-friendly and provides useful information which helps the traders make the best investing decisions. This explains why there are many active users on this platform and it is increasing its user base very rapidly.
In conclusion, I am satisfied with Markets.Online and the services they offer. I would recommend this broker to people who are looking for a simple yet sophisticated online trading platform.
Most people would automatically answer “no” to that question. We’d all like a little extra cash in our lives. However, if you’re seriously underpaid, then you might need to think about looking for another job or finding an additional source of income.
There’s a big difference between feeling like you just don’t earn enough and knowing that you need to make a change to your career or lifestyle.
Here, we’re going to look at some of the most obvious signs that you’re not earning enough, and that you need to do something about it.
1. You Run out of Money Immediately
Now and then, we all have a bad month. It seems like countless bills suddenly arrive at the same time, and by the time you’re on the last week before payday, you’re not sure how you and your family are going to afford to eat.
However, if you’re constantly feeling that way by the second week after your payday, then you’ve got a serious problem. You’re spending more than you earn, which means that it’s time to either change your budget or look for a new source of income. The good news for people who prefer the “earn more” option, is that you can always try getting a job online with freelance blogging, design, or virtual assistant gigs.
2. You Can’t Afford your Bills
Are you starting to get to a point where you need to choose which bills you’re going to pay each month? This is a serious sign of an income crisis – and you’re going to need to do something about it fast. One option is to follow the same route as we mentioned above and get a second job. The other option is to reduce how much your bills cost.
Hopefully, with things like loans and insurance, you already compared the market when taking out recurring expenses to make sure that you’re getting the lowest fees and interest rates. However, if you can refinance your loan or swap to another utility provider, you might be able to save even more cash now.
3. You Can’t Handle Emergencies
When finances are tight, it’s hard to imagine what you’re going to do if a disaster suddenly strikes. Think about what you would do right now if you suddenly had to pay for a new washing machine or find enough cash to replace a tire on your car. The last thing you want is to take out a loan for such a small expense.
To protect yourself from bigger financial issues in the future, it’s always a good idea to set some cash aside for your emergency fund. If you don’t have enough money to do this in your current budget, then it’s time to re-assess your spending and see where you can cut back. For instance, can you get rid of your cable subscription, or commit to spending less on groceries?
4. You’re Always Worried about Money
We all panic about money at times – particularly when it feels like we’re taking forever to reach our goals. However, there’s a big difference about worrying over an unexpected expense, and constantly losing sleep because you don’t know how to handle your cash. If you’re always fretting over things like paying for groceries or covering the rent, then you need to set up a new plan for your finances.
The easiest way to start making a long-lasting change is to set up a budget that ensures you can plan your purchases ahead of time. An emergency fund and a good budget will ensure that you’re ready to tackle any financial issue that might come your way.
5. You’re Not Reaching Your Financial Goals
Finally, if you’re barely keeping your head above water with your budget each month, then there’s a good chance that you’re not making much progress towards your financial goals either. Although this might not seem like a big deal at first, it can quickly get you down when you feel like you’re never going to be able to afford a deposit on your house or a family holiday.
If you’re just not getting anywhere cash-wise, it might be time to start looking for new career opportunities that can pay you more. Not only will you benefit financially, but you may find that you end up in a job that makes you feel more professionally satisfied too. Everyone likes to feel like they’re being paid what they’re worth.
Sometimes, there is no shame in admitting that you may be short of cash and you need access to money to meet important expenses. A lot of people go for payday loans whenthey need some extra money right away to pay off necessary expenditures. While a payback loan seems like a convenient and viable option, you need to be a little careful not to get carried away. The thing about payday loans is that their fees and interest rates can make them a pretty expensive option. If you are not in the best possible financial circumstances, you might not be able to pay the debt on time and that can drastically increase your financial burden.
While we are not saying that you should not consider seeking payday loans entirely, there are some things you need to know about them. Understanding how payday loans work properly will help you make the right decision about them.
How Payday Loans Work
According to the National Conference of State Legislature, payday lending is allowed in 37 states in the country. A payday loan essentially allowsa loan applicant to take the amount of their upcoming paycheck in advance in the form of cash. The amount you take as a loan is not that much, while the time you have to repay the loan is short as well. So, qualifying for a payday loan is easy.
In order to apply for the loan, you can do it either online or visit a store that offers them. The maximum amount you can borrow depends on the state you live in. But, payday loans of up to $500 are common. Also, you need to be an adult, have a valid ID, show proof of your income, a phone number and a checking account to collect the loan.
If you decide to go to a payday loan store, you need to write a personal check to the business for the amount you will borrow and the fees you need to pay for it. Online and on-the-phone applications require you to give the lender the authority to debit the amount from your account. You can also use your debit card to apply for a payday loan (just in case you were worried about that). You can read more about it to find out how.
The lender will deduct the amount from your account and include the fees for the amount borrowed. The fees can range from $15 to $30 for every $100 you borrow.
The loan terms are usually from two to four weeks. If you pay it all back on time, you are good to go, but if you don’t, you may have the option to extend the loan.
Some states also allow lenders to renew payday loans. They allow borrowers to pay just the fee balance and extend the due date.But, they charge another fee for that.For example, if you borrowed $200 and the fee is $30, you can extend the loan period by paying $30 plus an additional $30 to get more time to pay the $200 back. Essentially, you will be paying the lender $260 instead of the $230 you initially owed with the fees.
Why Payday Loans are Not the Best Idea
Considering how much this can cost you just for the fees is alarming in itself. If you think of all the fees charged on loan as an annual percentage rate, you will be quite shocked. Compare the interest rate and fees to the loan amount and then calculate it over the period of a year to find out the annual percentage rate of a payday loan.
Here’s a simple example to explain:
Principal Amount (the amount you borrowed): $800
Interest (the fees charged): $120
Repayment term (the time you need to pay it back in): 14 days
Divide the interest by the principal amount: $120 / $800 = 0.15
Multiply that by 365 (for the number of days in a year: 0.15 x 365 = 54.75
Divide by the length of payment term: 54.75 / 14 = 3.91
Convert this into an annual percentage rate by multiplying into 100: 0.391 x 100 = 391
The annual percentage rate for an $800 loan with a $120 fee is around 391 percent. Compare that to the interest of credit card users with a reasonable credit will get an annual percentage rating of around 20 to 25 percent.
There are other penalties that can be appliedon the loan as well, which come with additional charges. These include a nonsufficient funds fee if you deposit a check, but don’t have the amount in your account.
When Are Payday Loans Helpful?
With that being said, payday loans are definitely helpful in some situations. That is the reason why they are there in the first place. For instance, if you need a bit of cash for a very short time and you are absolutely sure you can pay it off with your next paycheck, you should definitely go for it.
Payday loans are quite useful if you need to make a crucial payment. An upcoming rent payment when you’re at the end of the month or anything else. Maybe a pressing health concern and need the cash for immediate medical expenses? A payday loan can come in handy in situations like that.
There are rare occasions where you can use a payday loan to stave off a financial emergency, but you should never even think about doing it for an amount you cannot pay off after two weeks. Without having access to proper funds within the allotted time, a payday loan can turn from being a savior to an instant nightmare for you.
All you need to do is make sure that you adjust your budgetand take the loan only when you are absolutely sure you can repay it with your upcoming paycheck. Payday loans are not reported to credit bureaus unless the issue is referred to collections, which can affect your credit score adversely. In a nutshell, apply for a payday loan when it’s absolutely necessary and you will find it to be very helpful indeed.
It goes without saying that technology has done amazing things for our lives; we can connect with people all over the world in an instant, order medication that’s shipped directly to our doors, and send our friends and family messages as soon as something amazing happens.
Technology is everywhere. So, how is it helping landlords?
Let’s take a look at some of the way’s technology can help improve your rental business.
1. Cloud Storage
Forget cluttered offices with mountains of paperwork that hide the most important pieces of information you’re trying to find. This is the age of cloud storage. When used correctly, you can easily access anything you need, anywhere. If you’re visiting a tenant, you can quickly pull up the lease if something is in dispute. If you’re unsure what type of insurance a renter has, you have a go-to way of finding it without spending hours searching through boxes.
Cloud storage is a win for everybody. It enables you to be more efficient while reducing in-office clutter.
2. Online Payments
Forget the days of being told the check was lost in the mail. In today’s world, tenants expect to be able to pay in a convenient fashion that works on their timelines. That’s where online payments come in. Not only are they convenient for your tenants but they also give you easy access to payment records.
With online payments, your renters can pay whenever it’s convenient for them, and you can easily run reports to see whose bills are outstanding whenever you’d like. As a bonus, you don’t have to spend unnecessary time going to the bank if your tenants are paying online.
3. Maintenance Requests
If you’ve ever tried to keep track of a stack of sticky notes, you already know how important a proper maintenance request system can be. Thanks to technology, your tenants can easily log into their accounts online and let you know what needs to be fixed. If they mark their requests urgent, you know you need to get out there as soon as possible, but anything that can wait can be put into the maintenance queue.
Online tracking enables you to see what’s been requested, which items are being worked on, and which items are recurring. This can help you in the long run, too, because you’ll easily be able to see when seemingly innocent requests might lend themselves to more significant maintenance issues. Once you can see the big picture, you can plan replacements or major repairs in a way that works better with your budget, rather than being hit with large bills all at the same time.
Chatbots tend to be a little controversial, but they exist for a good reason: they work. If you employ chatbots on your website, you can answer many of your tenants’ questions without taking time away from whatever you’re doing during the day. Chatbots can be configured to tell people when their rent is due, how they can pay rent, where they can go to file maintenance issues, and other frequently asked questions. They can also greet potential renters in real time, helping to facilitate a positive landlord-tenant relationship from the very beginning. Maybe someone asks when they can see a particular space you’ve advertised. If you’re not available, the chatbot will respond and take that person’s information. You can get back to them on your own time, but when you do, you’ll already be able to answer some of their questions because the chatbot did some pre-screening.
5. Smart-Home Security Systems
Higher-end clients are looking for ways to keep their families safe, and they rely on their landlords to take care of many of the details. With smart-home systems, you can include helpful gadgets that add safety and security measures to your rental properties.
Remote security cameras help you and your tenants feel protected.
Smart smoke detectors send alerts to tenants’ and landlords’ phones if a fire is detected. This is important whether people are home or not.
Smart burglar alarms will notify you and your tenants immediately if someone breaks into the property.
Even landlords who hire property management companies can benefit from the tools that smart-home security systems provide because the immediate nature in which everyone is notified helps keep people and their property safe.
6. Task Tracking
In an office environment, project management tends to be overseen by a team of people who are specifically responsible for keeping tabs on individual tasks. As a landlord, you’re operating an entire business without that extra team of eyes to help you.
This is where technology comes into play.
Tools like Asana and toggl can help landlords keep track of their maintenance appointments, showings, tenant meetings, and anything else that may find its way onto their calendars.
7. Accounting Software
Running a small business isn’t easy, and there’s a lot to keep track of, especially when it comes to money. With today’s accounting software programs, you can easily import rental payments, pay vendors, and know where your money is going at all times.
When it comes to being a landlord, you’ve got a lot on your plate. With constantly-changing compliance regulations to meet and tenants who need your attention, it only makes sense to leverage the powers that technology affords you.
Patrick Freeze is the President of Bay Management Group, which manages about 4,000 units in the Mid-Atlantic Region. The company is overseeing more than $700 million worth of real estate as of October 1st, 2018.
Customer loyalty, in most cases, is what makes a business grow from being an SME into a large enterprise. Retaining customers takes careful thought and effort but sets the foundation for business growth, if done well.
Here are some essential tools that will help you cultivate brand loyalty:
Attractive Logo Design
Colours represent your brand’s personality and provide a visual expression to the emotions your brand is trying to evoke in people. The colour red, in YouTube’s logo, is used to make users feel active and passionate about the brand. The colour blue, in Samsung and Ford’s logos, enables trust and confidence. Apple consistently uses white to evoke cleanliness, elegance and simplicity.
Choose your colour palette and brand logo design carefully. Think about the message you want to send and the feeling you want to evoke. This will help you make a better decision for your brand identity.
Customers want to get the same excellent service every time from your brand. Before you can secure your customers’ loyalty, you will have to convince them with your actions that you will always deliver on your promises, and not only when it’s convenient for you.
McDonald’s is a good example of a brand that has maintained the same service over the years in all branches of the company all over the world. This has made McDonald’s one of the world’s most valuable and respected brands.
High-Quality Standards and Customer Service
This is the first reason that could make your customer come back. When people know that your products are of exceptional quality, they will keep coming back because they know they can trust you to maintain the quality.
With great customer service, your customers know you place them first and that they can truly trust you to protect their interest. This is capable of turning a first-time customer into a brand evangelist.
Rewards and Incentives
Another way to build loyalty is by offering rewards, loyalty programs and other incentives. These extra privileges for loyal customers let them know that you value their support and patronage.
Studies show that it costs five times as much to acquire a new customer than it costs to retain an old one. So, with proper incentives, you can save money and use it to expand your business.
Proper Communication and Engagement
Sometimes, you earn customer loyalty by simply keeping in touch. This can be done through email newsletters, social media or through social events. The idea is for you to build a community and offer your customers a sense of belonging. You also get the platform to share exciting developments, opinions, and news about your brand.
To build brand loyalty, you need to understand what your customers expect from you and make sure they get it.
By investing in your logo design, engaging with your customers, and providing incentives to reward loyalty, you will be able to make your customers love you. Make good on your promises in order to gain their trust and watch your base of loyal customers expand.
Saving our money is not something any of us can really say we enjoy but as we get older it does become a real necessity. As an adultyou have more and more responsibilities, many of which require financial expense so saving becomes an absolute must. Before the days of digital money and bank accounts, people used to have to be imaginative when it came to how they saved their money.Here are some examples of the lengths they would go to save.
Hiding Your Money
Have you ever noticed that older generations tend to prefer dealing with cash? There is a reason for that. Back when cash was the only form of currency, people would have to hide it in their homes if they were trying to save. Popular hiding spots were the attic, in cans, and in envelopes which is probably why your grandparents like to give you money in this way now. The more drastic hiding places were inside the walls and underneath the mattress in efforts to deter burglars.
Investing Your Money
The concept of investment has been around for a long time. These days, people tend to invest in things like stocks and shares and cryptocurrency. Check out the Latest Crypto News if this is something you’re currently considering. However, back then more traditional forms of investment were used for example, investing in gold was seen as a fail-safe option as it always retained its value and was immune to inflation. In war times there was a boom in employment, yet everything was being rationed, which left people with surplus income. The government brought in a clever form of investment known as war bonds in order to raise capital for their war effort. The public would be encouraged to invest their surplus income in the war bonds which would go towards the financial cost of the war, and in return, when the war was over the government promised to return their money to them with interest.
Building societies were the first form of bank and rather than having a current account as you would now, where you can add and remove cash at the swipe of a card, you would need to physically take your cash to them.They would stamp your book to show you your updated current balance and you couldn’t access your money again without taking your book back to them. Building societies were designed for saving and providing mortgages and had great interest rates. Those who kept their money in building societies were technically owners as part of a co-operative model, but it felt like a risk to many as this was the first time they would be entrusting their life savings to a company rather than keeping it where they could see it.
Before the days of banks, people had to save their money in completely different ways. They would often hide their money in the form of cash in secret places in their homes, even in the walls. They would invest in more traditional ways for example in gold,and during the war, in war bonds. As money systems developed, people started to put their trust in building societies, before banks gradually began to emerge. For more financial news, take a look at profinanceblog.com.
Criminal defense lawyers help clients get the best possible outcome for their respective cases such as domestic assault, theft, shoplifting, possession of drugs, etc. But it might occur to you, “If I’m guilty, why do I need an attorney?”
It’s like saying – if you know you’re sick, why do you see a doctor?
Pleading guilty and taking accountability for your actions does not automatically mean the judge will take pity on you and simply let you off the hook nor does it mean that there’s just one consequence for your actions. There are many factors to consider most of which will require the expertise of an attorney.
There are two other reasons why you should get legal representation even if you’re guilty.
First, being guilty of something does not automatically mean you are guilty of the offence you are charged with. There are many elements to a criminal charge and the prosecutor must be able to prove those elements beyond reasonable doubt.
Second, if you plead guilty without a lawyer, you could be given a harsher sentence than you deserve. The judge will consider aggravating and mitigating when sentencing someone for a crime, and these circumstances are based on the facts and information presented by the state’s attorney and the defendant’s attorney. If you don’t have legal representation, the judge will obtain the sentencing argument from you and what you might think will help your case may actually hurt you unless you know what factors are relevant at sentencing.
An experienced criminal defence lawyer knows how to avoid these pitfalls, which is why you really need an attorney even if you are guilty.
The complexity of the case: Most criminal defence lawyers charge more for felonies than misdemeanours as the former carry greater penalties and require more preparation.
The lawyer’s experience: New lawyers usually charge less than seasoned lawyers so don’t be so quick to hire an attorney based on their fees alone. Besides, a lawyer with a high hourly rate may be able to get your case resolved much faster than a lawyer who charges a lower rate. After all, experience does make difference.
Reputed Law firms: If you go for an attorney from one of the best law firms, costs of criminal defense might vary from others as because you will get the best assistance. Furthermore, being the best among the rest is quite difficult, and if your attorney is from one of such law firms, you have already won half the battle.
Money v/s expectation: It is very likely to expect the result to be in your favour when you have paid the costs of criminal defense. For this reason, you should consult with an experienced and reputed attorney right after being charged. A good attorney needs time to study the case, question the defaulter, check the alibi, visit the spot of crime and after all these he can deduce the case to be presented at the court.
A growing number of Australians rely on financing to fund their personal and professional dreams. Whether funding an entire vacation on credit, funding your start-up through a business loan, or taking out equity to renovate your home, consumers can easily secure financing for a variety of projects. Financing has become so much easier for the average consumer that it is easier than ever to fall into the trap of overwhelming debt.
Budgets that are seriously in the red or those that edge very close to it have the potential to interfere with your future financial goals. Some consumers with overwhelming debt can find themselves overpaying for loans, or even worse these loan repayments can indefinitely derail your financial outlook. The best way to avoid reaching this point is to tackle personal spending habits that have moved your finances into the red in the first place.
Let’s take a closer look at how you can get your personal finances back in the black.
One of the best ways to avoid being in the hole is to finance wisely. Because of the ubiquity of financing, it is very easy to end up in trouble. As opposed to seeking out loans for everything, consider financing only the essentials.
For example, car loans with Latitude Financial will provide you with the means to secure a new car which is a practical need. Conversely, a trip to Europe that costs the same might be your dream vacation, but beyond great pictures to post on social media financing does little for your bank balance. The point is to only finance when you absolutely have to because much of the time saving the money rather than getting another loan can be the best and safest way to finance any project.
The next thing consumers should consider doing is taking inventory of their credit report. The credit report is one important way lending institutions determine our creditworthiness, but for the consumer, it determines their overall financial health. Your credit score tells lenders of your overall financial picture and allows them to decide whether or not they can provide financing and if so, how much. This record also lists all outstanding debts and payment histories, which is important for determining a debt-to-income ratio.
Consumers should tackle clearing up any errors or delinquencies on the report because it can affect your ability to take on financing. More importantly, the score can give you a glimpse of your overall financial picture with low scores indicating a report in a bad need of repair and higher scores showing a picture of financial health. Ultimately, knowing what lenders say about your financial status is important in getting your personal finances back on track.
Retail Therapy Redo
When trying to move your finances in a positive direction, a drastic overhaul of spending habits usually has to take place. Drafting a budget that lists all of the necessities is very important. This budget will also tell you in many cases where you are losing money, which can help you save in the long run. Also, consider a cash-only spending policy because this might help you spend less, as you are less tempted to charge it to your credit card when you have a set allowance to spend.
Reducing Other Debt
While budgeting and using your cash-only policy, make a concerted effort to pay down existing debts with the extra money left over in your account. The best way to handle this is to pay down smaller debts first and then when the bill is paid off, use the extra money to pay off other debts. Repeat this step until you are debt free.
Climbing Out From Under Debt
Climbing out from under a precarious financial situation, while a hassle, can be a great learning experience. Overwhelming debt can seem very intimidating, especially if you have never faced this situation before. While debt can snowball quickly, the process of whittling it away can take a lot longer, requiring planning and discipline. However, with a positive mindset and the right approach, there’s no reason that you can’t get your personal finances back on track.