8:50 AM
viper19598
For many borrowers, a low, affordable amortization is the primary consideration rather than the total interest expense.
1. Get an adjustable-rate loan, to take advantage of rate dips, but only
if there’s a rate cap. And make sure you will still be able to afford
the monthly amortization in case the rate reaches the ceiling.
2. Go for the longest term. The typical duration of a mortgage is 20
years for houses and lots and 10 years for condominiums. Nowadays, some
banks offer as long as 25 years for houses...
Friday, December 2, 2011
How to Borrow From a Friend or Relative without Losing the Relationship
When William Shakespeare said “neither a borrower nor a lender be,”
he was probably referring to Evelyn Corpuz. The 37-year old, who used to
work for a variety show in a television network, learned that borrowing
money indeed can pose a hazardous threat to a relationship. Not only is
she P30,000 in debt to both her mother and sister, she admits she feels
guilty about not paying them back – it has already been over a year
since she borrowed from them.
And aside from not having a job right now to pay back the money lent
to her, the sad part about the whole thing is that her relationship with
her mother and sister isn’t what it used to be. It has become a little
bit tainted, all because she is having a difficult time paying her debt....
Health Maintenance Organizations Listings
Blue Cross Health Care, Inc.8000 Makati Avenue, Makati City
Phone 899-8001
Fax 899-5392
Email: Marketing@bluecross.com.ph
Website: http://www.bluecross.com.ph
CAP Health Maintenance, Inc.Miriam House, #151 Legaspi St., Legaspi
Village Makati City
Phone 892-8562; 810-9481; 810-9438
Fax 810-9329
Website: http://www.cap.com.ph
Email: chealth@pacific.net.ph...
10 Tips on Saving Money on Car Insurance
Buying car insurance coverage is not as simple as selecting a
commodity from a shelf. Studies have shown that people don’t shop around
for insurance in the same way they shop for a new car. Whereas
everybody is always excited to go through all the nitty-gritty of
selecting the make, model, color, features, and accessories of the car,
including its price, people rarely understand the value of paying the
premiums for comprehensive insurance coverage for their car.
Accidents can happen to anyone. According to the Department of Health,
road accidents are the 4th leading cause of death in the country today.
If an unfortunate car accident claims the life of a person, it will
result to emotional trauma and a financial headache for everyone
involved....
Putting Your Money in Time Deposits
Time deposits have been a favorite financial product of many
Filipinos. Apart from real estate, putting one’s long-term savings in
time deposits is very typical for most people. So what makes them so
attractive? And are they still a good investment, given alternatives
like mutual funds, unit investment trust funds, and variable unit-linked
insurance products? Here’s a quick primer:
What are time deposits?
Time deposits are interest-bearing bank deposit products that have a
fixed term or period, during which they cannot be withdrawn. The
advantage, says Jesus Vicente Garcia, Executive Vice President and
Branch Banking Group Head of Philippine Veterans Bank, is that “time
deposits earn higher interest rates, depending on the amount placed and
term.”...
Thursday, December 1, 2011
The Most Powerful Wealth Building Secrets Known
I'd like to share with you 9 of the 26 mindset that
all these great masters of business building and life mastery have
possessed.
1. Setting And Playing By Their
Own Rules. The successful people I have studied did what they wanted -
the way they wanted to do it! They didn't hold back. Nor did they follow
the status quo.
2.
Easily and Effectively Overcome Obstacles. No matter what the setback
(financial setbacks, health problems, cash flow difficulties, lack of
education) EVERY successful person managed to triumph over their
obstacles (and everyone of them had at least one).
3.
Turning Negatives Into Positives. The super achievers I studied did one
thing better than anyone else they competed against. They reframed
every problem or disappointment they faced into a solution...
Starting A Money Changing Business
There are many places that have a strong demand for a money changing
business. The growth of tourism and our large OFW
population has
guaranteed a huge market to be tapped by money changers. This is one
opportunity you may not want to miss. It is a simple business if you
know how to start and operate it. Below is a shortened and simplified
step by step procedure to give you a basic idea on this business:
1. Find an ideal location. The key to success in
this business is to secure a location in a place where there are many
potential ...
Tuesday, November 29, 2011
6 Things What Every Start-Up Entrepreneur Must Know
There are a million and one details that you need to look into, and
you can easily be overwhelmed by all that you need to know. A key point
to remember is that you do not have to be an expert in all these
areas, just reasonably knowledgeable. Otherwise, being seriously
deficient in one area could ruin your chances.
What are the things that you should know if you want to start a business? Below are the various aspects of a business that you need to know.
1. Technical aspects of the business.
Know everything there is to know about the business that you are
entering. The more you know about how things are done in the business,
the better you can serve your clients and manage your business. Plus,
the knowledge will protect you from scam artists out to fleece newbies...
Pricing Your Product
Pricing is one of the most important factors you must consider in whatever
business you plan to put up. The idea is not to price your product or service
too high or too low. If your price is too high, not too many people will be
able to afford your product or service. If it’s too low, customers won’t buy it
because they’ll think what you’re offering is of inferior quality.
There’s no hard-and-fast rule in determining the right price for your
product or service, but there are a few things you’ll want to keep in mind when
doing so. One is the cost of your merchandise
or service. At the very least,
you’ll want to recover the cost of producing your product or service for every
sale, and to know your recovery cost you must first determine the cost of
producing it.
Your cost has two components:...
HOW TO REGISTER A BUSINESS
What’s in a name? A business name is
a name under which a business operates. Business name registration is
compulsory and must be completed before the business starts operating. Choosing
the right name for your new business is extremely important. Your business name
distinguishes your products and services from those of your competitors, and
helps to establish your identity in the marketplace.
In putting up a business, there are
several government agencies you have to register with depending on the type of
your business. These are the following:
...
Are You Ready to Start a Business?
This assessment tool is designed to help you better
understand your readiness for starting a small business.
General Questions
Do you think you are ready to start a business?
Have you ever worked in a business similar to what you
are planning to start?
Would people that know you say you are well suited to
be self-employed?
Do you have support for your business from family and
friends?
&nbs...
