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Moving Forward Amidst The Virus

COVID 19 is suppressing many economies around the world. This has lead to another economic recession which is worst than the great depression during the 1930s. Many countries have lost trillions of dollars because of this crisis. Many nations have felt a loss and decline in trade for the year 2020.

We are uncertain when things go back to normal. This will solely depend on several factors like the characteristics of the virus itself, how the public health and government respond to the crisis, and interventions to address the decline in the economy.  With nations experiencing another wave of the virus they have been forced to freeze social and economic activities to control the spread of the virus. Because of this major companies and businesses such as Airlines are forced to close and some are on the brink of bankruptcy. But despite this businesses are working hard to come back. They have chosen to implement some changes in their companies in order to avoid any disruptions or unemployment. They are working hard to get back on track even with the virus still around.

Many nations are also taking some measures to power up their economy at this time of the Virus.

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Invest Successfully In The United Kingdom

Now economic growth is far behind the eurozone, and GDP sometimes drops slightly. The pound is still relatively weak against the dollar and euro. However, the current corona crisis masks Brexit’s situation, making it difficult to explain the latest figures and developments.

UK Economic Crisis & What it Means For Investors

Uncertainty about future relations with the European Union (now the UK’s largest trading partner) means that no investment decisions have been made in the country. Even if the withdrawal agreement brings relief and temporary stability, another path remains before the UK-EU free trade agreement is reached, and progress is tight. The positions of the two negotiating partners are still far apart. In addition to withdrawing from the Customs Union, it cannot be excluded that it will soon return to WTO regulations.

However, the UK is in the process of finalizing a free trade agreement that could come into effect after the end of the transition period. However, some negotiations with large contractors such as the US are still difficult, and the UK as a single market must absolutely compromise the EU’s foreign trade relations. After all, the EU itself is the UK’s most important sales market.

UK investment environment. Which industries have great potential?

The impact of the Brexit problem is that there are fewer investment decisions in a positive sense. The entire business cycle is slowing down as the company operates “as usual”. Consumers cut their spending hoping there could be another downside.

In the face of Brexit, automakers have significantly reduced their investment obligations. But there are also positive signs in some places, such as checking or expanding production lines. The expansion of electric vehicles and infrastructure and energy projects continues to be great potential. The government is also considering further tax cuts to make the UK an attractive place for investors. However, there are no specific recommendations other than the decision to cut corporate taxes a long time ago.

How does Brexit affect Britain’s attractiveness to skilled workers?

In EU, the “withdrawal agreement” provides some form of inheritance. In the UK, EU citizens can apply for “settled” or “predetermined” status by the end of 2020. As early as 2021, the government proposed new immigration rules based on a point system and employer sponsorship.

However, the attractiveness of the UK for a worker position is plagued by uncertainty about what future jobs for EU foreigners will look like in the country. The UK is still only appealing to qualified workers due to its language and internationally recognized educational institutions, but the UK is declining because there is no guarantee that permanent settlement will be possible. As a result, immigration from European countries is decreasing. EU companies are already considering alternatives, especially in terms of further developing its position in and outside the UK.

What do you think of Britain’s progress?

With its 66 million inhabitants (roughly), the UK remains to be an important market and there are quite a few new trade prospects. However, this is a long-term view. In the short and medium-term, long-term political phases, economic uncertainty, and lack of predictability can be expected. This generally affects the economy, or at least inhibit its growth potential. Now the prognosis for the future will largely depend on the outcome of the negotiations on free trade agreements. Also, this year’s corona crisis has put a huge burden on the economy.

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Fintechs Urging Malaysian Government to Set Forth eKYC Standards and Guidelines

As Malaysia gears up for an e-commerce economy, fintechs are urging government regulators and financial institutions to set forth eKYC guidelines and standards. Most Malaysian banks are still focused on the Internet of Things (IoT), Artificial Intelligence (AI) and blockchain technology, but not fully appreciating the importance of eKYC for their broader financial services.

On its part, the Malaysian government has taken solid steps toward transforming Malaysian citizens into e-commerce consumers. One of which is the release of RM750 million used in setting-up e-wallet accounts with an initial credit of RM50 each, which 15 million Malaysian can claim as their own via a mobile application. That being the case, fintechs anticipate that more banking institutions will apply for licenses; making it imperative for government regulators to formulate eKYC guidelines in governing a larger financial services sector.

What is eKYC?

Electronic Know Your Customer or eKYC is the digital aspect of the Know-Your-Customer (KYC) process linked with the implementation of laws like the international Anti-Money Laundering Act (AMLA) and the Electronic IDentification Authentication and Trust Services (eIDAS) of the European Union. The process involves a series of identity verification checks that must be implemented before an entity enters into financial transactions with a client or consumer, to confirm and ensure a customer’s/client’s legal personification.

Since Malaysians are expected to become increasingly digital in carrying out and completing personal financial transactions, the use of eKYC technologies is seen as a more affordable and less time-consuming approach to ID verifications.

Studies have already revealed that onboarding customers by way of eKYC presents potential cost reductions by as much as 90%, when compared to the conventional KYC method. The more important revelation is that eKYC will also enable as many as 1.7 billion people belonging to Malaysia’s unbanked population.

The Global iGaming Industry as One of the Early Adopters of eKYC

In providing support for proposals to legalize online gambling in Malaysia, this article highlights the fact that several members of the global igaming industry are among the early adopters of eKYC technologies, as a post-pandemic reaction.

Allow us to cite Playtech as an example, which provides its products and technologies to numerous online gambling operators in Europe, the North Americas and Asia. In April 2020, Playtech entered into a partnership with Jumio, a company dedicated to providing technology solutions for streamlining ID and document verification processes.

Today, online gambling operators partnering with Playtech enjoy the advantages of using Jumio’s eKYC technologies in onboarding new customers. That way, it takes little time and effort to verify the ID documents and biometrics of a registering customer, which is a good start for building a strong customer relationship. In Malaysia, one of Playtech’s Asia-facing online casino is 918kiss, which has already gained popularity as one of the most trusted online gambling sites in Southeast Asia.

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Important Factors Which Affects Foreign Exchange Rates

Currency rate is among the most crucial ways through which a nation’s relative degree of financial wellbeing is set. A nation’s foreign exchange rate provides a window into its economic equilibrium, which explains why it’s continually viewed and examined. If thinking about sending or receiving money from abroad, people have to keep a keen watch on the money exchange prices. To learn more about foreign exchange, visit Forex brokers.

The exchange rate is defined as the rate at which one nation’s currency could be converted to another. It could change daily with the shifting market forces of demand and supply of currencies from one country to another. For all these reasons; if sending or receiving money globally, it’s very important to know what determines exchange prices.

This report examines a number of the top factors that affect the variations and changes in exchange rates and clarifies the motives for their volatility, assisting people to learn the very best time to send cash abroad.

  1. Terms of Trade

Connected to the preset-day accounts and balance of payments, the terms of trade will be the ratio of export prices to import prices. A country’s terms of trade enhance if its export costs rise at a higher speed than its import costs. This leads to greater earnings, which induces a greater need for the nation’s money and an increase in its own money’s value. This causes an appreciation of the market rate.

  1. Political Stability and Performance

A nation’s political state and financial performance can impact its money strength. A nation with less danger of political chaos is much more appealing to overseas investors, consequently, drawing investment from other nations with much more political and financial equilibrium. An increase in overseas exchange, then, contributes to an appreciation in the value of its national currency. A nation with solid fiscal and trade policy doesn’t offer any room for doubt in the value of its money. However, a nation more likely to political confusion may observe depreciation in exchange prices.

  1. Recession

When a nation experiences a downturn, its interest rates are more most likely to collapse, decreasing its odds to acquire foreign funds. Because of this, its money succeeds compared to that of other nations, therefore decreasing the exchange rate.

  1. Speculation

If a nation’s currency value is anticipated to increase, investors will need more of the money to create a profit in the not too distant future. Because of this, the value of this money will rise on account of the boost in demand. With this growth in money worth comes a growth in the exchange rate too.

  1. Inflation Rate

Changes in marketplace inflation induce fluctuations in currency exchange prices. The costs of products and services grow at a lesser rate at which inflation is reduced. A nation with a consistently reduced inflation rate shows rising money worth as a nation with greater inflation generally sees depreciation in its own money and is normally accompanied by higher interest rates

  1. Interest Rate

Changes in interest rate change currency value and dollar exchange rate. Forex prices, rates of interest, and inflation are correlated. Increases in interest rates induce a nation’s currency to value because higher interest rates supply higher prices to creditors, thus bringing more foreign funds, which induces a rise in exchange rates.

  1. Nation’s Current Account / Balance of Payments

A country’s current account reflects the equilibrium of commerce and earnings on overseas investment. It is made of the overall number of trades including its exports, imports, debt, etc.. A deficit in the current account because of spending more of its own money on importing goods than it is getting through the selling of exports triggers depreciation. The balance of payments varies the exchange rate of its national currency.

  1. Government Debt

Government debt is public debt or federal debt owed by the central authorities. A nation with government debt is not as inclined to obtain foreign funds, resulting in inflation. Australian investors will sell their bonds from the open market if the market calls for government debt in a specific nation. Because of this, a drop in the value of its exchange rate will follow.

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Habits that Build a Financially Secure Future

Saving money and building financial security can start at a very young age, and making the effort to do so puts you a step forward in securing a brighter future.

Achieving a secure future can start simply through tiny steps like tracking your expenses and making smart choices. Gradually, you may begin to add other steps and establish new habits like considering long term investments and opening up a savings account. No goal can be easily accomplished so just making the effort to start now may be the greatest step of all, after doing so, everything just falls into place.

small steps lead to big rewards. Gaining self-control and training yourself to prioritize needs over wants may be the key to living your best life, both now and tomorrow.

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Finances: How to teach children about money management

The value of coins and bills is abstract and difficult for children to grasp. It is therefore the task of the parents to carefully introduce them to the importance of money in everyday life.

Why do children need to be familiar with finances?

Attractive advertising is being streamed every day on media and the internet such as dominoqq and propagates the latest products that you absolutely need. You fly quickly across continents on vacation and rents at home are rising regularly. If parents let their children enter the consumer world unprepared, this can lead to over-indebted young people. For this reason, you give your children an important lesson in life from their parents’ home: the right way to deal with money.


How do you teach your children how to handle money?


Games on the topic of money and finance

Small children learn through games. Having their own shop or playing a board game with play money teaches children that coins and notes have different values ​​and how much they get for it in the game. If you take the children with you to go shopping, you can expand on these playful insights.

Your good example counts

Children of all ages learn more from the example of their parents than from what they say. So when you keep a household book, let your children peek into it more often. Explain what financial decisions you are making and why.

The first account

As soon as your children are comfortable with their pocket money, start thinking about opening an account.  In many cases, as a parent, you may have restrictions on how much you can withdraw. If you instruct your children in these banking transactions, they will feel confident in handling their own finances as adults.

With a children’s depot you kill several birds with one stone:
  • Your child will learn to save money for future expenses over a long period of time.
  • They provide for the costs of driving licenses, training, and studies.
  • The next generation understands the meaning of returns and prices and gets to know various investment products.

People grow with their responsibility – and so do your children. If you are already reliable in dealing with money and have developed a certain degree of maturity as a teenager, you can agree on a budget with them. Determine the amount together and determine what your youngster has to get himself from now on.


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The Role of Finance to the Economy

Finance Institutions are very vital in the Economy.

The Government and its citizens and businesses rely on these institutions. They provide needed funds to these entities. John Maynard Keynes, an economist came out with the Keynes theory. It concludes that the sum of spending by households, businesses, and the Government is the most important driving force in an economy.

Finance and the Real Economy

Financial Institutions allows these entities to loan cash. They can use the money for projects and for financial capital. With the capacity to pay, individuals borrow from banks and other financial institutions. They use the money to construct a house or to buy a new vehicle. Businesses invite investors to make it flourish and to expand a business. The Government also earn by providing bonds to people for worthwhile projects. Finance is more than just lending money. An economy can flourish with financial stability.
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Economic Factors That Influence Values Of Currencies In The Forex Market

Forex brokers are companies that give traders or its clients access to their platform allowing them to buy and sell specific foreign currencies. In the foreign exchange market, transactions are between a pair of dissimilar currencies, hence forex traders would either buy or sell the specific pair they would want to trade.

There are a lot of forex brokers in the forex market that have their own products, services and features that sets them apart from their competition. For instance, forextime review shows that the brokerage firm has multiple methods for trade execution depending on their client’s type of account. ForexTime also offers its clients or users Cryptocurrency CFDs. They have very competitive spreads, has an innovative reward scheme, and an FXTM Invest for automatic trading options.

It is imperative to wisely choose which brokerage company to work with so as to be efficient and successful in the forex market, although trading without a broker is possible. Regardless, there are economic factors to bear in mind to ensure you are making the right trade.

Economic Factors That Influence Values Of Currencies

The value of the currency of a country is principally affected and influenced by numerous economic indicators which show the performance of a country.  Macro size economic events that happen both internally as well as globally are indicators and factors that will most likely greatly affect the value of a country’s currency. Since trading in the forex market has converted into a globalized activity, this would mean that the macroeconomic events have a principal role in the market.

Economic Health And Stability

The market of foreign exchange is largely fueled by major macroeconomic factors that eventually determine the value of a currency at whichever given point in time which influences the decisions of traders. One of the major factors or determiners of the value of a nation’s currency is the economic health of the nation. But, the overall economic health of a nation is formed by various economic events as well as information that may shift or alter on a day-to-day basis which contributes to the round the clock nature of the global market of foreign exchange.

Like other market price, the cost of the rate of exchange is defined by the supply and demand. Another crucial factor that influence the market of foreign exchange are the rates of interest, inflation, growth as well as macroeconomic risk.

There are various factors that influence financial instruments’ rise and fall such as the entire countries’ currency values. Investors then typically study and assess the economic stability as well as the economic strength of a country prior to making an investment or trade in that specific currency. Investors always make certain to make an investment with the highest rate of return that they could possibly achieve.

Other major economic elements that are regularly included in current newscast as it could affect the market of foreign exchange market includes Gross Domestic Product (GDP), Employment Data, Commodity Prices, Industrial Production, Consumer Price Index, and Retail Sales. It is then necessary for forex traders to be well-informed and always updated of all these factors to be successful in the market.

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Should You Invest or Should You Save Money?

There are countless of new investors today. The sad thing though is, not many of these investors do understand that the difference between investing money and saving money. As a matter of fact, these two serve different purposes and play unique roles when it comes to your balance sheet and financial strategy. While taking the time to les mer om sms lån på minuttet to increase your odds of taking a loan, the next question to be answered is, what you shall do next when you have it? Should you invest it or save it in the bank?

It is important that you be clear about the two concepts before starting your journey of building your wealth and financial independence. Believe it or not, taking the time to grasp its notion will save you from stress and headache in the long run.

What is actually meant by Saving Money?

Basically speaking, saving money is a process of setting aside your cold cash and putting it in a safe and liquid account or securities. This may include your savings accounts and checking accounts that’s secured by the FDIC.

Above everything else, cash reserves should be there when you need them. Generally, a lot of famed and respectable investors are advocating lots of hidden cash on hand somewhere that only them know about that they can get in times of need.

What about Investing Money?

When it comes to investing your money, this is deemed as buying assets that you think or believe will have a good possibility of generating acceptable or safe return of investment in the long run. Ultimately, this can make you wealthier even if it means that you have to suffer from volatility for years.

True investments are being supported by margin of safety, which is typically in form of owner earnings or assets. As what you know, the ideal investments tend to be productive assets similar to the following:

  • Real estate
  • Bonds and;
  • Stocks

Should You Invest First or Save First?

Saving cash should come first before investing. Think of your savings as the foundation upon which your financial independence is built. The reason is fairly simple, unless you have inherited big amount of wealth, it’s your savings that’ll supply you with capital needed to feed your investments. If ever times get rough and you need money, you will most likely be selling your investments at the worst instances, which is clearly not a formula to be rich.

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4 Ways of Growing Your Finances

There’s always the fear of stock market crash; especially today where it is felt the most due to the Covid-19 pandemic worldwide. With non-stop streaming of information through social media, almost every bit of information seems to be enough grounds to start trading shares in your brokerage or retirement account.

When facing a market crash such as today, there is a formula that should be followed. By doing so, unprecedented things can be dealt with and still focus on the growth of your finances.

Number 1. Buy Good Businesses

You should be buying shares of a good and established business that is capable of generating real profits. At the same time, you should be looking at the following:

  • Low-to-moderate debt-to-equity ratio
  • Improve gross profit margin
  • Shareholder-friendly management and;
  • Franchise value

Number 2. Stick to a Formula

The dollar-cost average into and out of position, the selling and buying at fixed rates as well as the set amounts of money will let you steer clear of buying something that is at peak or even selling that is at its bottom.

You will never be able to time the market so better stick to routine policy of the regular share liquidation or accumulation.

Number 3. Reinvest Dividends

You have to reinvest your dividends for it is going to supercharge your dollar-cost averaging. Jeremy Siegel is a renowned finance professor who has shown several times that reinvesting dividends bring big component to overall wealth of investors who have made big fortunes in investing in the financial market.

Number 4. Always have a Backup

Lastly, the key in building your wealth is by creating backup money generators as well as several other income sources. This is among the single most valuable thing that you could do in eliminating risks.

Even if you are a lawyer who is earning 500,000 dollars a year or an investor doing day trading investing and making a million dollars annually, you will have a more enjoyable and fruitful life if you are not dependent on your next paycheck just to maintain your lifestyle. It is not straightforward to make money and generate wealth. However, by applying the procedures above and sticking to your plan, bit by bit you are going to get the hang of it and grow your finances.

Of course, let us not forget to check with financial professionals to ensure that whatever it is we are doing is right.

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Federal Constitutional Court Shows Limits To The European Central Bank

According to Chancellor Angela Merkel (CDU), the Federal Constitutional Court clearly refers to the limits of the European Central Bank (ECB) in its judgment on government bond purchases. This is also of institutional importance because the court is to a certain extent against the European Court of Justice (ECJ), said Merkel at a meeting of the Union parliamentary group on Tuesday, as the German Press Agency learned from participants.

In addition, certain demands were made of the ECB’s duty to state reasons, which the Federal Government and Bundestag should demand, Merkel made further clear. The Federal Government would now have to evaluate the judgment carefully.

CSU head of regional group Alexander Dobrindt also spoke of the fact that the Federal Constitutional Court’s ECB ruling clearly shows the limits. In addition, the court clearly questioned the proportionality of the bond purchase program, Dobrindt said.

“With this, the Federal Constitutional Court is issuing a clear warning signal to the ECB’s actions. The fact is that the judgment is an unequivocal request to the ECB to return to its actual mandate to ensure the stability of our common currency.”

In order to stimulate the economy and inflation, the central bank invested billions of euros in the purchase of government bonds and other securities. According to the constitutional judges, the ECB has thus overstretched its mandate for monetary policy. The Federal Government now has three months to persuade the ECB to review the PSPP purchase program. After that, the Bundesbank should no longer participate.

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Maximum Prevention In South America Due To Corona Virus

In the United States, while the entire nation is feeling the impact of the virus, government grants are being prepared for small to medium businesses, the backbone of the economy. Apart from these grants, entrepreneurs can also source funds from private institutions such as

While authorities from all over the world are battling the pandemic and suffering major economic loss, fear of the epidemic swept South America. Many government leaders seem to recognize that health care in their countries cannot cope with a major outbreak. The motto is, therefore, maximum prevention.

Venezuela’s struggling economy hit even harder with coronavirus

In Venezuela, the number of infections in Venezuela has not passed fifty, yet the country has been in lockdown since Tuesday and continues to plummet into poverty. The economic crisis is affecting the country even more than the virus itself.

Since Monday, borders have closed and presidents have curtailed daily life in their countries one by one. “If we don’t move, the virus won’t move either,” said Argentine President Alberto Fernández when he announced “total quarantine” on Thursday.

Nowhere is the need to prevent the spread of the virus as great as in Venezuela. Under socialist Nicolás Maduro, who took the helm after Hugo Chávez’s death in 2013, the country has been in a deep economic crisis for years. A large part of the population barely has access to food and water and depends on food packages from the government. This scarcity is also prevalent in hospitals, which are struggling with a lack of medicines and resources.

Oil wealth

Left-wing populist Chávez shared Venezuela’s oil wealth with the underclass, which made him immensely popular among poor Venezuelans. But oil addiction is troubling the country now that the price of oil has fallen rapidly in recent years and the country has hardly any other sources of income.

In 1998, Venezuela still produced 3.3 million barrels of oil a day, says Urbi Garay, professor of finance at the private management training IESA in Caracas. “A few years ago it was still 2.5 million barrels, production has now fallen to just 800 thousand barrels a day.”

While the United States is once again leading the way as the world’s largest oil producer thanks to the shale gas revolution, Maduro’s internationally controversial regime is able to sell its oil to fewer and fewer countries. In addition to plummeting production, the oil price fell freely this month.


Russia (albeit one of Venezuela’s last allies) refused to join early March agreements with other oil-producing countries to dampen production and keep prices high. The result: nearly two-thirds of Venezuela’s oil revenues went up in smoke.

Garay: “That is terrible for a country that is already in poverty. Gross national product has fallen by about 65 percent since 2013, an economic contraction rarely seen in a peacetime country. “

Venezuela has no fat left on the bones. The government is in arrears on its foreign debts and therefore no longer has access to international credit, says the economist.

Under those circumstances, the coronavirus doesn’t even have to really gain a foothold in Venezuela to cause immense damage. Now that the economy has come to a standstill in large parts of the world, the exchange rate of the bolivar, the Venezuelan currency, has also plummeted.

Distress is high

The need was evident on Tuesday when Maduro asked the International Monetary Fund – a capitalist institution vilified by his government for years – for a $ 5 billion loan.

The president got a “no” back. Among the countries affiliated to the IMF, there was no consensus on the legality of its government: more than 50 countries last year recognized opposition leader Juan Guaidó as the legitimate president of Venezuela.

Political power struggles have also weakened the country (and the regime). Guaidó is supported by the US, which expresses its support in strong sanctions against the Maduro government, among other things.


Those sanctions would also affect the import of medicines, the president said last weekend. According to news agency AP, he asked the US to lift the sanctions, but they did not respond. The measures would not affect the procurement of food and medicines, the Americans believed.

Professor Garay gives lectures from neighboring Colombia via the internet while his country has been in collective quarantine for four days. People may only take to the streets in exceptional circumstances and are then obliged to wear a mouth mask. Washing hands is more effective against the virus, according to WHO, but water and soap are scarce goods in Venezuela.

“Health care is in a bad state and part of the population is already undernourished,” says the economist. He wonders if a house arrest of all Venezuelans is possible at all in a country where a large proportion of the people “live from day to day”, unsure of where the next meal will come from.

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Saving And Investing In The Overall Economic Cycle

The easiest way to show the connection between saving and investing is to accept the thought experiment of a closed economy for a moment (without exports and imports). This is, so to speak, the general case of the global economy, which does not have any foreign trade with other planets.

Loanable funds market | Financial sector | AP Macroeconomics

The demand side of GDP is then:

GDP = consumption (private and government) + investment (private and government).

As you can see, the external contribution has now disappeared here, since there is no other country with which the closed economy does business. At the same time, according to the national accounts distribution chart, GDP is equal to total economic income, which in turn consists of profits and wages. Since the state claims part of the profits and wages through taxes and levies and at the same time pays transfers to private households (e.g. unemployment benefits, child benefits, pensions) and subsidies to private companies, the distribution side of GDP can also be written as follows:

GDP = disposable income (private and public).

The demand side GDP must always be the same as the distribution side GDP. It follows that aggregate income must correspond to private and government spending on consumption and investment. The part of the disposable income that does not flow into consumption must, therefore, be equal to the investment:

disposable income – consumption = investment

Income that is not spent on consumption is also called savings, so that it follows:

savings = investments

We have thus formally derived the formula that is important for macroeconomics: savings = investments. But what exactly does this formula mean? Basically, we usually understand by “saving” that we increase our net worth (assets minus debts). So at the end of the period we are looking at a larger fortune or less debt than at the beginning.

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Saving And Investing In A Closed Economy

Experts emphasize that there is no fundamental contradiction between saving and investing. This is illustrated by a principle of national accounts: in a closed economy, the savings must always be exactly the same as the investments.

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The introduction to the online dossier “European Debt Crisis” exacerbates the dispute over Europe’s rescue to the key question: “Saving or invest? ” to. However, the interviewed experts rightly emphasize in their interview contributions that there is no fundamental contradiction here. As shown below, National Accounts (VGR)even to the result that at the macroeconomic level, the savings must always be exactly the same as the investments. However, it is controversial how it can be achieved that savings and investments increase and what role the state and the private sector should play.

National Savings and investment | Financial sector | AP Macroeconomics

Economists basically distinguish between financial assets and property.

Financial assets include, for example, the cash that I have in my wallet or under my pillow, money that I have in my bank account, loans that I grant to others, or shares.

Tangible assets are, for example, houses or production facilities that belong to me.

If I save now, I basically have two options: I can expand my property, by saving part of my income and buying a new house as a private household or buying a new machine or better software as an entrepreneur.

The formation of physical assets is also referred to as an investment, and in this case, the formula: savings = investment is immediately understandable. On the other hand, I could also increase my net assets by simply not spending part of my income that I receive in the period under consideration for goods and services, but instead, for example, giving someone a loan or repaying a loan.

If I expand my net assets, it means that I have a surplus finance: my expenses for goods and services are less than my disposable income. But this is only possible if there is a financial deficit somewhere else in the economy, i.e. the net financial assets decrease (for example because someone is in debt to me or I am repaying part of a previously received loan).

If we, therefore, consider the entire world as a huge, closed economy, it necessarily results that all changes in financial assets (= financing balances) always add up to exactly zero! For a closed economy as a whole, investments are the only way to save.

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The American Economy Sets The Tone

The world economy is evolving from synchronous growth in 2017 to an economy in which this year mainly America is the engine. The European Union is carefully adapting its flexible monetary policy so as not to jeopardize growth. China seems to be crawling out of a valley and is starting to grow again. The emerging countries each have their own challenges and opportunities.

The United States Economy Is Running At Full Speed

The unemployment rate in the US is very low and the US citizens consume at a high pace. Companies record revenues. Even though the American Central Bank has been raising interest rates for some time, there is still enough credit for companies and individuals to finance their projects.

Also, the fiscal measures that the Trump government launched last year clearly do not miss their effect. The SMEs targeting the American consumer benefit fully from this, which fully supports the US economy. Finally, inflation remains moderate.

All American indicators are therefore green. Investment Managers, therefore, expects strong growth to continue in the second half of the year. The vote on US equities also remains positive. There is nothing to indicate today that the US economy is facing a strong slowdown in growth in the short term, let alone a recession.

The United States is therefore justified in being the engine of the global economy. A well-functioning US economy is reflected in the financial markets. The S&P, Dow Jones, but especially the Nasdaq technology fair is doing well. The volatility has increased somewhat and that may take some time. But nowhere in the world are the financial markets so remarkably strong.

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Defining Indirect And Direct Finance

Borrowing money from a depositor and lending it to the people who need it is called “indirect financing”. Giving money directly to the people who need it is called “direct financing”.

Direct vs Indirect Finance

Indirect Finance

Borrowing money from depositors and lending it to people who need it is called “indirect financing”. A typical indirect financing product is the “bank deposit” you all know. The mechanism of bank deposit is as follows.

  • The depositor deposits money in the bank.
  • Banks lend the money to other people or companies.
  • Banks get interest (*) from those who lend money.
  • In addition, the bank pays interest to the depositor.

Direct Finance

Direct finance is to invest money directly in those who need it . The main direct financial products include stocks and bonds.
In the case of direct financing, the side that makes money is called an “investor.” Investors buy shares and bonds from companies, national and local governments, etc. they want to invest in directly. And you will receive dividends and interest.

Role of securities firms in direct finance

The role of a securities company in direct finance is to mediate between investors and issuers of stocks and bonds (company and national / local governments) and investors. For example, when a company issues a bond and raises funds to start a new business, it is difficult for the company to find a person to purchase the bond. Therefore, the brokerage company receives commissions from companies and sells brokerage bonds.

Banks that handle bank deposits, which are products of indirect financing, make money from the “interest between lending money and the interest paid to depositors”, while securities firms make money from “intermediation fees.”

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Benefits of Cryptocurrencies if Used in the Right Way

There have been long debates and discussions when it comes to cryptocurrencies. But now, they are being considered as new financial tools that can be verified in The beauty of this is that, they are extremely useful and easily accessible to virtually everyone who wants to take advantage of it. Cryptocurrencies have this potential of enabling economic and social growth on a global scale, which includes developed countries. It was possible by providing easy access to financial services and capital.

One of the most popular types of cryptocurrency is Bitcoin. And as mentioned, there are many benefits associated to the use of such digital money.

Benefiting the Growth of Economic Activities

Believe it or not, there’s already been a whole industry that’s built around cryptocurrencies and it is handled by institutions that are dedicated in monitoring all exchanges taking place in digital coins. The rate to which the crypto industry grows is mind bending and this could be confirmed by its early adopters who are now rich and have seized opportunities to grow financially.

Bitcoin, being the most famous among the different types of cryptocurrencies had permitted tons of individuals and companies alike to flourish and develop while many are relying on trading as their primary source of income.

Whether you like it or not, the economy is gradually moving to adapt these needs and cryptocurrencies have a huge potential to satisfy them.

Opening New Doors for Developing Countries

Let’s face it, more than 1/3 of world’s population doesn’t have access to basic banking that could help them get out of financial crises such as loans, checking accounts and so forth. These people in most cases are in a financial disadvantage position and oftentimes resorting to dangerous and doubtful lending practices. The rate of interest for such practices is anything but fair, which then leads to instability among those who have requested the loan.

This is actually where cryptocurrencies step into the scene with its ease of use and high volatility. These days, you can find hundreds of applications as well as programs that are facilitating the use of digital money and bringing them closer to a bigger number of audience. Additional benefit for using cryptocurrency is that, it is decentralized and therefore, it is free to trade across borders. With the use of technology in facilitating financial revolution, it leaves everyone more enabled, connected and above all, empowered.

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Developments In China-US Discussions Impact Cyclical Shares Of Stock

After a discussion of the recession that is in sight, the market is now filled with a bullish position. The increase in equity prices, which has raised indications of benchmark prices, made some stocks that had fallen back lured and attracted investors to buy cyclical shares, whose rise and decline were directly related to economic performance.

However, regardless of this excitement, which was brought on by some developments in trade discussions between China and the U.S., it isn’t very clear how the continuation of the turnaround will take place and whether we can ascertain bottom numbers on cyclical stocks, such as companies producing industrial goods.

U.S., China Discuss Xi-Trump Talks as Trade War Simmers

Signs of Financial Economic Problems

In a stable economic climate, low unemployment rates, and the readiness of the central bank to cut interest rates, there are still some signs of problems on the horizon.

The US Department of Commerce, for example, reported last Friday that retail sales in October failed to recover, following a weak reading in September. These factors encourage JPMorgan Chase & Co. to cut its estimate of fourth-quarter gross domestic product to 1.25% from 1.75% annually.

On the US-China trade front, the news flow sounds positive and maybe the two countries will soon conclude the first phase of their trade agreement. However, from our standpoint, it is still dangerous to build a lot of enthusiasm for this discussion. The two nations proceed to send contradictory signals and hardly any facts can be obtained to summarize that everything is going well.

While mediators organized “positive conversations”, China was cynical about getting an agreement as a result of US President Donald Trump’s unwillingness to decrease current tariffs.

First Sign of Difficulty

Despite these concerns, the current stock market rally shows that investors today are almost certain that there will be positive results that will drive growth and pave the way for companies to meet earnings forecasts for 2020.

When the trade war escalated earlier this year, investors avoided cyclical companies. However, the trend is changing fast. Many sectors currently outperformed the S&P 500. If you are skeptical about this one-sided market view, a wise strategy is to maintain enthusiasm and avoid buying easily troubled stocks.

While financial experts say there will be a “challenging” macroeconomic environment thus impacting all types of funding including car accident loans. The weakness is broad-based, showing demand for its industrial products is being hit from all directions.


The recent show of strength by the US market was mainly driven by interest rate expectations and hopes that trade disputes with China will be resolved. Despite this positive development, this is not a good scenario and many risks still lurk. In this uncertain situation, it is better not to buy stocks that prove too risky and volatile.

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Economic Factors Influencing Currency Values in the Forex Market

Forex signals or fx signals are recommendations provided by a software for trading on what, when and how actions are to be taken on a certain currency. These signals operate in real-time and contain the info you require to go into a solid and sound trade on a certain currency pair together with a favorable price and time.

Frequently, the major and largest companies in the forex market are the different countries that participate in the activities in the market and each nation’s currency is comparable to shares or stocks. The economy of a nation can greatly affect its currency as well as the Forex market. A nation’s economic data could be compared to a business’ earnings data.

Economic Factors Affecting Currency Values in the Forex Market

News, info and data about a nation’s economy could directly impact its currency just like how present events as well as financial news impact the prices of stocks. Therefore, different aspects of the economy greatly significant as they are weighty influential factors that will directly (and immediately) have an effect on the movement of a currency in the market of foreign exchange.

  • Data of Employment

Within the economy of the US, non-farm payrolls is the term referred to data referring to the quantity of employed individuals. Solid drops in employment signals an economy that is contracting, whereas solid employment growths are signals an economy that is flourishing.

  • Rates of Interest

One of the main item that the forex market centers their attention on are the interest rates. Because the central banks determine financial supply as well as policies, investors and the different participants in the market principally focus on them.

  • Inflation

Inflation is the gauge of rises or drops in the level of pricing throughout a span of time. Because of the massive quantity of available goods and services in a nation, typically sets of these available goods and services are utilized to quantify pricing. Price increases signal a rise in the rate of inflation wherein it could lessen the value of the currency of a nation.

  • Gross Domestic Product

This amounts to finished goods and services throughout a duration of time. This encompasses government spending, business spending, private consumption and total net exports.

  • Capital and Trade Flows

Values of currencies could be considerably impacted by financial flows brought about by specific interactions between nations. Once imports surpass exports, a decline in the value of currency is likely. A growth in a nation’s investments can cause an opposite outcome.

  • Geopolitical and Macroeconomic Affairs

Financial crises, amendments in financial policy, elections as well as warfare could greatly affect the Forex market and could either alter and/or result in the reshaping or restructuring of the economy of a nation.

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Leading Ten Finance And Economic Documentaries

Financial policy permeates every area of our activities regardless if we comprehend it not really. The well known monetary pushes have set the pillars for equally both the modern culture and the world. On a primary tier, we could check out the money concept in a couple of different methods. This can be a type of stashed away labor – both the mental and corporal in addition to a channel that delivers worth for the market.

There is no avoiding the huge power and energy intended for the human business. Reports, great reports, and music have all revealed the all-mighty money. During the past 2 decades, loads of varied documentaries have already been developed about them. They vary from covering the notorious 2008 market impact, controlling life-work stability to the significance of the technical creation of fiat money. Here are a few of the very most useful video clips about them.

Top 10 Finance & Economic Documentaries

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Blockchain And Cryptocurrency Challenging The Dominance Of The US Dollar

With the upswing of cryptocurrency came the best bitcoin trading bots for profits to make crypto trading uncomplicated as well as less laborious. This simply shows how cryptocurrency has now nestled into human societies across the world.

Since its introduction in 2009, the technology on blockchain and cryptocurrency had been discussed and debated on by many as it appears to be among of the major trends in today’s modern age. From the news to social media as well as the government, there’s constantly something to be said that’s related to cryptocurrency.

Blockchain technology, the foundation behind crypto, is unquestionably depicted as a main disruptor of the worldwide process of business. But then, it is evident that more attention is given to cryptocurrencies than to the blockchain. A lot of entrepreneurs joined in to form campaigns on Initial Coin Offering (ICO), marketing tokens to the people and earning millions of bucks.

In almost a decade, a great deal has come about in the space of cryptocurrency. But, has cryptocurreny and the blockchain technology really disrupted and/or influenced the global economy?

Challenging the Dominance of the US Dollar

Predominantly, the global economy depends on the United States Dollar as it is the global economy’s reserve currency. This displays the ascendency of the U.S. in global economic as well as in political affairs. All mainstream fiscal players from around the world operate in the market of the US. Hence, any disturbances in the financial market of the US will at all times propel repercussions across the globe.

Basically, the Treasury of the U.S. is, by right or not, the Central Bank of the world. To sustain this ascendency, standards of the USD must be sustained. This is a type of centralization that is immensely being disrupted by the operations of cryptocurrency.

With the appearance of Bitcoin as well as more than a thousand other cryptocoins, financial dealings are becoming decentralized on an immense level. These decentralized dealings are without of any kind of recourse to the USD. This then alters the aspects of global trade, foreign affairs, diplomacy, as well as the influence of sanctions on economics. There were efforts and initiatives for the global economy to be “de-dollarize”, and the blockchain technology and cryptocurrencies appear to be an bona fide way of realizing that aim.

Nations such as Russia as well as Venezuela have contemplated on making cryptos that is state-owned. In December of 2017, Nicolás Maduro, the Venezuelan President, revealed the launched of a digital currency that is backed by oil (“petro” backed) to aid in moving the nation outside of a damaging inflation caused by the economic sanctions that is US-led. This faculty that functions as a getaway for nations suffering from harsh economic sanctions and redirect them to global economic house is a considerable strike on the dollar. Another example is North Korea who has attempted to use digital currency to escape rigid and harsh economic sanctions.

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Unlocking Your Home Equity Loan

An equity is something you can acquire in case like your house has value which is greater than the maintaining balance on your mortgage. In case, you are already into that situation, well, here are some tips on how you can properly spend those equity. This is also a formula for economic growth.

Tips to Unravel Your Home’s Equity

1. Take away a home equity loan
Basically, home equity loans are loans that provide lump sum within a fixed interest rate which can be paid after a certain period of time.

2. Home equity line of credit or HELOC
HELOC is generally a line of credit which revolves and can be drawn on, pay off, then drawn again subsequently for about a decade. With an adjustable-interest rate, this loan usually begins and then move through a fixed-rate duration.

3. Cash-out refinance
This option allows you to invest on your existing mortgage into a loan for a value greater than what you indebted. The remaining balance for such can be given directly to you in terms of cash.

Requirements for borrowing through home equity

Actually, the requirements for borrowing money using the home equity loan may depend from one lender to another. However, here are the standards:

  • At least 15% to 20% value of the equity inside your home which is usually identified through the use of an appraisal.
  • 43% debt-to-income ratio or until up to 50%.
  • Have a 620 or more than that value credit score
  • Firm records of on-time bills payment

In order to approve your loan application for home equity, the lenders usually compute the ratio of your debt and income. This is for them to find out if you have the capability to borrow greater amount that your existing liabilities. You can also calculate and know the value of the loan you will be borrowing by using the free equity release calculator.

Requirements for debt-to-income ratio

Usually, lenders also require debt-to-income ratio. But, this may also vary for a fixed-rate, fixed-term home equity loan, and federal regulations at 43% DTI. In terms of HELOCs, lenders usually have more calculation. This means that you can purchase more in case the value of your DTI is higher.

Usually, this standard rate demand consumers to make the best decision. More so, if you qualify for an equity loan, you must have to carefully weigh the debt value that you have to borrow.

Always take extra caution on taking through your home equity as you are making your house as collateral.

So, ensure that you can pay on time so that the bank can’t take your house in case no payment has been made.

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Extracting the Big Chunks from Political Parties

One frequent mistake that most people make when it comes to political party is disregarding the distinctions among each from what it does, what it can do and what it is exactly. Along with these distinctions, people are quick to make a conclusion that political party is a commonsensical in present context. These days, people have tendencies to make sense of political parties by mean of describing it using their stock knowledge and make assumptions of what they could do.

It has the same fate as with title loan in CA online, people are quick to think that every title loan is the same without actually doing research about it.

What’s its Purpose Anyway?

So going back to the real issue here, what is exactly a political party and why do we even have parties?

As per academics and scholar use of the notion of political party, this is pertaining to a form of resilience and manifestation of local or even national group or organization in which the primary purpose is influencing supporters/voters on election day.

In essence, political parties are helping to achieve the following:

  • Shape the public’s opinion
  • Mediate among people and voters to advance demands of different areas of the government
  • Create a sense of belongingness or identity
  • Influence outcomes of a policy

These are just some of the things that political parties are capable of doing.

If will be given thorough consideration, these political parties have tendency to work like an arm of the government.

Their organization as well as disposition typically complement structures, functions, institutions, processes, arrangements and several others things that are found in the government. Their main function is to produce and effectuate the outcome of policy corresponding to whatever’s ideally that they have in the system of principles and values or also referred to as ideology.

The Concept of Political Party Unknown to Many

In most cases, ideology is providing the programmatic direction and ideational wherewithal to be able to make sense of systematic problems in our society. Being able to know the solutions to such problems, informing the public of their roles in fixing these issues and rendering program of government are what making these things feasible.

Let us face the fact that not many know about political parties. But these organizations are competing for best framing on political issues that the society is facing. They are helping people to have better understanding of societal problems as it arise by means of intensive political guidance through sponsored media appearances, press releases as well as political education session.

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A New Perspective On Hiring And Requirements

Before we live in a world where to get a job, one must be able to have the right documents and papers that state what degree a person has, how many seminars he has attended, and practically every routine checklist to have and possess. But, as times change, so does the operations and perspective of companies in hiring and selecting their hires.

How Establishments Have Transitioned Hiring & Requirements

Today, more than experience, leaders have entrusted jobs to people with skills and good attitudes; and as much as we say otherwise, this is the two main things to have in order to best out your job and be an efficient worker. It is really amusing to think that to be on a job you must first have years of experience with a relative job, and so it makes it hard and impossible to land a job when you are a fresh graduate with almost no experience at all. But now, establishments have come to the thinking of properly scanning applicants and improving their hiring process to know more of the applicant beyond what his bio and resume has to say.

Hiring processes nowadays are made to filter an applicant’s skill through a series of tests that will know their actual capacity. As a lot may object, merely a degree on a paper does not guarantee credibility and efficiency. The grounds of a school is very different compared to real-life grounds, and decision making is never acquired through theories and exams but also with life experiences and natural intellect. Although this is not stated generally, this is just to present ground on how before, companies base everything on this. It is very heartwarming to know that this generation is very different because a lot are already understanding and open with this truth giving way for every individual regardless of degree and seminars attended.

Of course, completing the required levels of education is very important and should not be set aside especially if all means are there and provided to do so. Education still, is the best way to learn more in-depth things in practical use enhancing knowledge and skills. In universities, people are trained on how to be and how to act on the real field of their chosen degree giving them leverage on theoretical knowledge which enhances them professionally especially in degrees with very specific intelligence like marketing per se, seen on

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Economics and Finance – How Do They Differ?

When individuals have projects to complete, are short on finances, or have expenditures that necessitate urgent attention, taking out a loan, like that of American Pride Auto Accident Loans, is an option that many take. Not only can they be beneficial to the borrower but also to the finance and economy of the nation as well.

Even though finance and economics are frequently taught and depicted as separate branch of learning, they are interconnected as well as notify and impact one another. Investors are concerned about these disciplines since they similarly influence the different markets to a considerable level and are both essential and have valid functions.

Generally, the focal point of economics is a bigger view, like how the performance of nation, province, or market is doing. Economics also concentrates on public policy, whereas finance is more focused on companies or industries. Moreover, finance centers on how companies as well as investors assess returns and risks. Economics has been, historically, more theoretical while finance as more practical, however in the previous two decades, the difference has turned out to be much less noticeable.

Finance and Economics – It’s Difference

In reality, the economics and finance appear to be meeting in several respects. Economists and experts on finance are being hired in corporations, government and financial markets. At certain fundamental degree, there will at all times be a split, however both are expected to remain as imperative elements to the economy, markets as well as to investors for the many years to arrive.

What is Economics?

Economics studies the creation, consumption, and distribution of services and goods with the purpose of elucidating the workings of economies as well as how their agents act together. Often, modern economics is vastly quantitative and in practice is greatly math-oriented. Economics has to major branches: macroeconomics and microeconomics.

  • Macroeconomics thoroughly studies and examines the behavior of the collective economy, such as the income of the nation, gross domestic product, inflation, and unemployment changes.
  • Microeconomics focuses on economic propensities, or what is most probably going to take place when persons make particular decisions or when there is a change in the aspects of production. Microeconomics centers on the lesser factors that influence choices by companies and individuals.

What is Finance?

Finance, in numerous areas, is a derivative of economics. It defines the administration, formation and study of cash, banking, investments, credit assets as well as accountabilities that compose financial structures, and the study of these financial tools. Finance could be categorized into three: personal, corporate and public.

Typically, finance centers on prices, rates of interest, cash flows as well as the financial markets. In broader perspective, finance likely focuses on topics surrounding money such as time value of money, cost of capital, return rates, ideal financial structures and risk quantification of risk.

  • Personal Finance describes all financial choices and undertakings of a person or a household. This includes budgeting, saving, insurance, as well as mortgage and retirement planning.
  • Corporate Finance is the management of business assets, revenues, accountabilities, and debt.
  • Public Finance involves the systems on tax, expenditures of the government, budget processes, stabilization policy and tools, debt matters as well as other concerns of the government.


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Fundamentals of Building A Good Corporate Credit

Establishing a good business credit so as to get great business financing offers is fairly tough, however very helpful. Insufficient liquidity is among the most serious issues of company owners because business financing enables businesses to progress quicker and cut costs while using the scale of economies.

Since many company owners don’t desire to risk their own personal credit, they will search for corporate credit (bedrijfskrediet) to fulfill the increasing cash inflow requirements of their company. The thing is that amongst loan companies offering business loans you will find only a few that are linked to credit-reporting organizations for businesses, this makes hard to develop corporate credit. As a result, a significant study of financing choices and a careful choice of business loan companies is necessary to create a good business credit quick and uncomplicated.

Getting A Corporate Credit

The majority of start-up business owners need to make a personal guarantee on loans intended for new businesses. For a few, it’s further and unnecessary risk, for some, it’s a failure to draw in financing because of inadequate personal credit ratings. For this reason, several business owners become subjects of lending organizations that specialize in bad credit loans and cash advances. Because of this, many of them have to page biggers amounts of interests and charges. A recognized corporate credit constantly removes the trouble of offering personal guarantees and also the need for personal credit in order to get financing for new businesses.

Getting a Business Loan Offers Many Benefits

Business loans frequently feature beneficial terms compared to personal loans. This makes them a valuable savings tool that enables businesses to get bigger cash flows for development and returns to proprietors. Other benefits include tax-deductible interests that allow better tax management. Not like personal loans, there’s hardly a set limit on the number of loans a business can get. That’s precisely why so much effort is placed on building corporate credit. It surely pays off in the end.

Establishing Corporate Credit Is Not Hard

While establishing corporate credit is not as challenging as most people assume, it takes considerate planning and adequate time. Several business people make an error by trying to get business loans without recognized corporate record with credit-reporting organizations. As a result, the initial step to building corporate credit is always to create by hand a business profile with primary credit reporting agencies for businesses. Have your company listed with Experian, Equifax, and D&B prior to submitting an application for a business loan.

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Student Debt as One of the Factors that Destroys the Economy

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In the present times, politicians can’t agree on anything, but one glimpse of hope that appears to inspire the currently elected officials to reach across the aisles is education. It is kind of difficult to understand that higher education is not the only way to reach the middle class (or the 1% if you are quite ambitious) it is also crucial to America’s future prosperity. Yet those same politicians who would argue for the prioritization of education are turning a blind eye to the fact that student loan debt is crippling millions of Americans. The numbers are quite staggering.

Education-related debt has impacts to more than 44 million people (around 1 in 4) who owe $1.5 trillion total, making the burden of education the country’s second largest debt after consumer mortgages. Monthly student loan payments through have increased from $227 in 2005 to $393 in 2016, according to the Federal Reserve and graduates owe more for tuition and books than we do for the roof over our heads.

Given the above situation and with graduates walking away with an average of $37,172 in loans, it does not take an economist to see that America’s future generations have been handed an albatross to wear along with their caps and gowns. But of course, that albatross is not just the student’s problem- it could well be the next  crisis that could strangle the American economy unless we act now.

If once in your life you had student loan, it may be hard to understand what it feels like to be so financially burdened before you have even earned your first paycheck. It is quite terrifying. Always remember that the better everyone’s standard of living , the more money our country has to run. Since almost all student loans must be paid back with after tax dollars, tat makes them even more of a burden for the monthly budget of millions of American’s who will be dumping their income straight into student loan payments, not spending on products, services and other purchases that keep our economy churning.

This is, of course, under the assumption that folks even continue to pay their student loans- the default rate has doubled from 2003 to 2011 and a great 40% of borrowers are expected to fall behind 2023, according to research from the Brookings Institute. In other words, the damage that student loan debt can do to the economy is not going to wake us up one morning with a slap in the face, rather it is a slow but steady sinkhole that is quietly gobbling up any hope for sustainable long term growth.

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3 Essential Steps In Managing Your Finances

It would be nice if there were a fixed formula so that no one will ever have to worry about money. 

Magic really doesn’t work when it comes to finances but there are ways to improve our financial standing by following simple steps. With these 5 simple steps, your money problems will reduce and you will be on your way to financial stability. 

What’re your financial goals?

It pays to write down your long term financial goals. It has to be specific and attainable. Financial goals include a trip, investments, savings, and even retirement. All these can easily affect your finances. 

After writing down your financial goals, arrange them in an order of prioritization. So what’s more important? Is it retirement, investment property, or travel. Note though that when you choose long term financial goal as a priority in your list, it will have to work with your short term financial goals. 

What’s your short term goals?

When writing your financial goals, you will have to separate your short term goals. Therefore it is important to know what falls under short term goals. 

Short term goals include your budget, decreasing spending, paying down credit card bills, cutting down on credit card use, and etc. In other words, short term financial goals are those that have to be done as soon as possible. 

Write down a financial plan

A financial plan is important to help you attain your financial target. Your plan must have specific and feasible steps. It can include your monthly budget and spending, and also paying off debts. 

As soon as you’ve drafted these three essential things and followed the plan, you could have extra cash on hand and reduce your financial debts in just a few months. 

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Good Reasons to Enlist a Financial Planner’s Service

The way you are managing your finances will determine whether you can attain financial success or be sucked in a cycle of endless debts. Luckily, if you find it quite a task to handle your finances, there are financial advisors or planners whom you can hire.

Your Journey to Financial Freedom Starts Here

Such professional can provide assistance in a number of things such as…

  • Organizing finances
  • Making savings as well as investment decisions
  • Budgeting
  • Insurance and estate planning
  • Tax planning and;
  • Guidance in retirement planning

Other services that they can help you with is properly handling the personal loan that you recently took from New Zealand’s top loan lender, Zebra Loans and ensure that it will be used in a positive and productive way. There are many good reasons for hiring their services.

Financial Management? It’s their Job!

To give you an example, financial planners have the experience and knowledge in examining and reviewing your financial state, help you in identifying your goals in life (financial wise) and even give recommendations on how you could attain those objectives.

With in-depth planning, you will be able to determine how much money you could save, pay for your taxes and get rid of your monthly expenses.

Furthermore, you can use their service to assist you in budgeting your money and keep track your spending. This will help you see a pattern and optimize which expenses you can let go and which you should focus on. This is undoubtedly a great way of managing your income much better. Ultimately, you’ll reach your financial goals. If this does not entice you to hire such professional, I don’t know what would.

Choice of Investment and Decisions: Leave it to the Pros!

With the help of a financial planner, they will use all their knowledge in ensuring that you’ll come up with smart investment decisions. Of course, all of this will still be based on your risk tolerance and financial goals. With the presence of your financial advisor, rest assure that you can pick an investment opportunity that suits your personality and temperament. This is regardless of the investment option you chose be it high liquidity investment, short-term or long-term investment.

As you chose to hire a financial planner to take over with your finances, you’ll be able to avoid spend on senseless things. Your advisor knows the right move to make especially if the money is invested in stocks.

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Understanding Credit Management

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Credit is not actually that terrifying as long as you know how to manage expenses and avoid overspending. However, there are still some people who find it hard to control their wants.  As a result, you may find yourself deep in a hole of debt, either due to major life events that you overseen or maybe because of a series of decisions over time that added up to trouble. If this is the situation you find yourself in, don’t lose hope. A commitment to smart credit management going forward will enable you to slowly but surely make your way back to a life without having thinking of debt to pay off. And there are a lot of private agencies and government agencies that can help you do that.

In addition to that you can avail help aside from government agencies. It is also important to monitor your credit to know how you are doing because it is important to maintain a positive credit or trade line in order to avail other huge loans or installments. To to that, it is important to at least consider Personal tradelines offers wholesale options


A lot of professional credit counselors are standing by to develop a credit management plan specifically to your particular situations and goals. You can talk to one of ACCC’s certified credit management counselors at a time that’s most convenient for you, six days a week including evenings.


In the more than two decades since ACCC was established, their debt consolidation program was able to help thousands of consumers to improve their credit management skills and become debt-free. Unlike companies that advertise loans for debt consolidation, ACCC’s program doesn’t require more lending. You may wonder, how does debt consolidation work with ACCC? It’s simple: they work out an agreement with your creditors so that every month you make one consolidated payment to ACCC, and we then pay each of your creditors. Very often, creditors participating in these arrangements are okay with them to lower interest rates and waive delayed fees or over-limit fees, so that your total monthly payment ends up being less than it is now.

In most cases, participants in this kind of program are able to pay off their debts and have a new lease on life in just less than five years. So better take the first step toward a brighter financial future.



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Quote: " Finance is not merely about making money. It's about achieving our deep goals and protectingthe fruits of our labor. It's about stewardship and, therefore, about achieving the good society. "