A Personal finance blog for saving money and earning more and thus having a better life
I love my children and I want the very best in life for them. I want them to avoid making the same mistakes as I made. I want their future to be brighter and fuller of opportunities than mine was. I want them to live healthy, happy and properly balanced lives.
And I am more than certain all parents out there are the same.
Being a new homeowner (About 14 months now), we already started planning for few possible renovation. The flooring, bathroom and kitchen renovation are listed. Although we don’t yet have a tentative time for all renovation targets, we started thinking about financing. We are prepaying our mortgage, and this is the first priority for us now. As you know apart from the mortgage, we are debt free. We would like to live debt free for rest of the life, so this push for the mortgage pre-payment.
All three renovation we planned for need large amount of money. This post is to help families with renovation needs who are thinking about financial aspects of the work.
These days, it seems as though people are always complaining about money – not having enough money, not being able to save, not being to find a well-paying job, not being able to effectively plan pensions and retirement – something or the other, where the root cause is a lack of money.
It’s true, the cost of living has significantly increased since our parents’ generation and the workplace has completely changed character. Still, this doesn’t mean that there aren’t any jobs out there – today, it is more a matter of having the right skills to suit the jobs that are out there.
By Linda Davis Taylor, Author of The Business of Family: How to Stay Rich for Generations
Money can either unite or divide us. The money doesn’t decide. We do. Financial circumstances can change. Jobs come and go. Illness may strike. Divorce happens. We have more MBAs in the world than ever; yet, it’s the family balance sheet that remains misunderstood. How can we avoid fights over a family inheritance? The answer is found in running and managing your family and wealth like a business. When problems arise, family members must be just as unified around a common purpose as members are in a business.
Investment banking is a specific division of banking that relates to creating capital for companies. Many investment banks do not take deposits as commercial banks do. The three main areas of investment banking are sales and trading, asset management and investment banking.
The largest investment banks offer all three services, but there are smaller firms that focus on just the investment banking area. Most investment banks spread investments and securities management in several regions of the globe to ensure a wide coverage of multiple financial markets.
An investment bank will underwrite equity securities and debt for many different types of businesses. Experienced investment bankers will provide guidance and advice to issuers about the placement and issue of stock.
There was a time in the real estate market when there were people renting houses and apartments because renting was economic, it was cheaper than owning a home. Having to pay a fixed money at the start of the month and then they are good to use the rest of their income the way they want to. Rather than buying a house, people preferred renting out wherever they lived.
While renting, most of the expenses are taken care of by the landlord, you just had to be regular with your rent and electricity bills that were it. It seems the good days of low rent have to come to end. This great scenario has met its tragic end. These days renting a house has become so costly that there is a very thin, almost no economic difference between buying a house and renting one.
A lot of investors find themselves encountering severe emotional shifts with the fluctuations that come with stock market investment. In addition, uncertainty may seriously surprise and hit you when suddenly prices drop while elation sets hearts racing with sprightliness when prices rise.
However, people who prefer to invest in long-term dividends stocks, won’t experience the same anxiety as stock prices fluctuate. I can perhaps count myself to be in this category. I haven’t sold any position in last month or so, since dow lost 1000 points in a day. In fact, I bought CocaCola and Johnson and Johnson stocks. They both have consistent dividend paying record over many years.
From the mindset of dividend investors, they are aware that the success of their financial investment is not hinged on the inconsistencies of the market itself, but rather on the long-range prosperity of the company. It’s a historical fact that the dividend, as well as the stock price, will sooner or later ascend, in the long run, resulting in considerable growth over a long period of time.
