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Finance

Should You Get A Prenuptial Agreement?

A prenuptial agreement or popularly referred to as a “prenup,” is a legal contract that two parties agree to before marriage. After divorces, the separation of assets, financial funds, and savings along with alimony is a difficult procedure to conclude. 

A prenuptial agreement already contains each term that would apply in case of a divorce. A family lawyer assists you and your future spouse to draft one with fair components that allow both of you to live securely in case of a separation. The Rochester law firm Kohlmeyer Hagen Law Office provides services to craft an agreement that protects both of you and caters specifically to your needs. 

How is it beneficial?

  • Builds trust – Often marriages end because of disputes regarding monetary matters. Having a discussion with your partner before you are legally bound to them allows you to understand each other’s perspectives regarding saving and spending. This helps you balance each other’s expenses and incomes in a logical manner and predetermined manner and avoids arguments. 
  • It keeps your personal properties separate – Your prenuptial agreement contains details about what is considered marital property, and only that property is distributed amongst both of you after the divorce. You might have emotional attachments towards a family heirloom or require a certain property to continue your source of income, and a prenuptial agreement ensures they belong to you. In case one spouse has a large amount of debt, after separation, the other partner is not liable to pay for it. 
  • Avoids court disputes – Court procedures are lengthy, exhaustive, and costly. Partners harbor feelings of resentment over finances and assets, which deepen the harsh feelings about each other and affect their parenting. Prenuptial agreements have a plan which was agreed to by both partners. There’s a clear path of action to be followed, and it avoids any excessive legal expenses and saves your time. Having a prenuptial agreement is economical and practical. 
  • Spousal maintenance – Prenuptial agreements include a certain amount of money the partner is obligated to pay the other in case of a divorce. They might also choose not to have any provision for this if both of them are working. It is necessary to have it in cases where one partner stays at home to take care of the children and household so that they are able to sustain their basic needs. However, the spousal maintenance amount does not affect the child support the partner has to pay. 
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Finance

How to use Litcoins and its difference

Throughout ongoing years, public premium in computerized types of cash has changed radically. While automated money related norms don’t by and by spurring the extreme energy that they did in late 2017, even more starting late monetary expert premium in cryptos has resurged. The essential point of convergence of this premium has been Bitcoin, which has for quite a while been the prevalent name in cryptographic cash. Since the setting up of Bitcoin in 2009, regardless, numerous other cryptographic types of cash have entered the scene. Although it has shown logically difficult for cutting edge coins to stand separated given the level of sticking in the field, Litecoin price (LTC) is one non-Bitcoin crypto which has sorted out some way to confront the resistance.

Worth clever, Litecoin (LTC) has had an exquisite brutal year and at present the altcoin is down 51% over the span of late months. The nonattendance of GitHub activity and orchestrated show updates have Litecoin individual supporter Charlie Lee to yield 2019 saw a remarkable low in the amount of specialists managing Litecoin Core, the item behind association centres.

The beginning of 2020 was the equivalent and Charlie Lee mentioned resolved LTC digger blessings to help uphold headway financing. Weaknesses regarding Litecoin’s future have caused examiners to lose interest in the endeavour and this is considered both chain and in LTC’s trading estimations. The captivating thing is, regardless of the way that most would consider monetary experts’ absence of commitment a negative driver, some have been prudently aggregating LTC.

A noticeable drop in return charges

Charlie Lee’s recommendation included more unobtrusive square ranges than Bitcoin (BTC) and a more clear computation which wiped out the imprint from the primary data for a higher trade yield.

Such a move may have gained critical premium Litecoin (LTC) already anyway it isn’t, now real as customers became careful that 270 attestations were expected to facilitate the enlisting power behind 3 Bitcoin mined squares, as shown by Luke Childs’ How Many Confirmations examination.

The Litecoin hash rate reduced by 45% since its October 2019 parting, which generally speaking raises stresses of 51% attacks. This unused planning power capacity could speculatively be used to battle with genuine backhoes.

Regardless, there’s no sure read of less diggers planning adventures towards Litecoin. As opposed to trading, mining activity is exclusively a drawn-out duty as the payout normally outperforms a quarter and every so often an entire year.

Theorists are amassing rather than dumping LTC

After so many negative pointers, one would envision that holders’ development should show weakness as both the expense and association use have been dropping down for more than a year.

One could similarly determine the dull execution of late code types of progress, including the MimbleWimble-advancement security limit proposed in October 2019. Before investing in coins, you can check more at https://www.webull.com/newslist/ccc-ltcusd.

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Finance

What is an Asset-Based Line of Credit?

As the name suggests, asset based line of credit, also known as Asset Based Lending (ABL) centres on placing your assets, including accounts receivables, inventory, and equipment as collateral for your loan.

Who Needs Asset Based Lending (ABL)?

Companies typically apply for asset-based lending when they need working capital to ensure the smooth running of their daily operations. The company uses its own assets to obtain the required financial assistance using the asset as collateral. While a majority of the company uses accounts receivable as their collateral, an organisation can also use machinery, real-estate, inventory, etc. as security.

The loan term is based on the type of asset you have pledged. Typically, lenders prefer liquid assets such as mutual funds, stocks, bonds, treasury bills, exchange traded funds, etc. As highly liquid assets are easy to cash, they tend to carry high loan-to-value ratios, be more flexible repayment terms, and have lower interest rates. ABLs are never equal to the estimated value of the pledged asset. Certain margin is held in order to recover the liquidation costs.

Benefits of Acquiring Asset Based Lending:

Following are some prominent benefits of ABLs for businesses –

  1. Easy to Acquire

Contrary to conventional loans that have complex eligibility criteria, ABLs are quite easy to acquire. If your company meets the lending criteria, then you can acquire the loan in no time.

  1. Provides Financial Stability

If your company is going through difficult times financially, such loans can offer the financial stability that you have been looking for. This is typical because the loans are given within a short time period in order to increase the cash flow.

  1. Better Flexibility

Asset-based lending comes with a higher degree of flexibility with regards to the money spending. It doesn’t contain any long list of restrictions as to where and how you can use the money.

  1. Less Debt

If you want to acquire money without raising any debt, then ABL is the ideal option for you.

Drawbacks of Asset-Based Lending

Following are certain drawbacks associated with ABL:

  • Risk of Losing Asset

If you are unable to re-pay the loan amount, you could end up losing your pledged assets. Furthermore, when you place your assets as collateral for ABL, you give the ownership to the lender. Once you have repaid the loan, then only you can take back the ownership.

  • Low Valuation Risks

The amount of loan in ABL depends on the overall collateral value of the asset you have pledged. If the value of your assets rises, your loan limits will not go up. So you will have to collateralise for a lower amount. In the case of asset-based lending, the lender holds the upper hand due to the security placed.

  • Over-Mortgaging

Continuously placing your assets in order to obtain finance comes with the risk of over-mortgaging. There are chances you will end up owing more on your lending than you possess in equity.

How to Apply for An Asset-Based Line of Credit?

If you have evaluated all your options and are ready to choose ABL as your finance option, then it is time for you to understand the process of applying.

Contrary to conventional lending options, the application process associated with ABL can take more time. The process entails the involvement of both parties, filing a lot of paperwork, go through interviews, and undergoing auditing process in order to ensure the company’s liquidity.

While it is time-consuming, it can be worth all the effort. If you are patient and don’t need cash on an immediate basis, then ABL is the best way to finance your business. Following are some prominent steps that you have to follow while applying for an asset-based line of credit.

  1. Organise your Business Finance

Before you begin to apply for ABL, you have to ascertain the financial standing of your business. Along with the value of your business assets, lenders will also evaluate your overall financial standing. They might request to assess all the financial documents such as balance sheets, profit and loss statements, sales forecast, business tax returns, banking statements, etc. You can take assistance from your accountant in order to streamline this process.

  1. Determine Your Company’s Asset

When it comes to ABL, the value of your asset is paramount. Therefore you have to identify the company’s assets and their value to the vendor. Collect documents like accounts receivables statements, inventory list, machinery and equipment list, etc. in order to gauge the value of your assets.

  1. Ensure that Your Assets are Clear

Post receiving the application, the lender will perform a Uniform Commercial Code-1 search on your organisation. This is done to determine whether there is any general asset lien against your business property. They ensure that no other borrower has rights to your property. If you hold any outstanding debts, then it is the right time to clear it all. Perform your own search before to see if there is debt that might impact your loan process.

  1. Fill out the Application and Submit Along with Documents

Once you have done all the analysis from your part, now you have to fill the ABL application and submit along with required documents. Ensure to read the loan requirements carefully and adhere to all of them precisely. Some lenders require you to have your business audited by a third-party agency. So check with your lender regarding the same. Once you submit the application, you will have to wait for a couple of weeks to get a response. Once your application has been reviewed, the lender will contact you and commence the necessary process.

When you are reviewing your financial records and assets of the company, you will be able to understand whether this is the right move for you. If you have a great personal score, strong experience, and credit score, then the conventional business loan would serve you better. However, if you are a growing business that has easily liquidated asset, then you can acquire ABL and accelerate the growth process of your business without any hassle.

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Finance

Plan Financial Goals With David Barcomb

Wealth management is an important part of a carefree and peaceful life. It is vital for you to pay attention to this aspect of happiness and joy. Money is necessary for you to live in comfort. It is prudent for you to make the right decisions at the correct time. You should have a secure wealth and cash funds to cater to emergencies. Hiring a wealth manager for your personal needs is a prudent choice.

In the USA, David Barcomb is a reputed and highly esteemed name in the wealth management industry. He is a Senior Analyst in Merrill Lynch Wealth Management. He has been administering the Barcomb Group for more than 20 years. He gives clients credible and genuine advice on cash management, credit card lending and asset management. He has a specialized team of skilled experts who help his clients get customized financial solutions for their personal and business needs.

David and his team of financial experts always maintain that you should plan financial goals when you are opting for wealth management. When it comes to saving, you should take one step at a time. For example, if you want to buy your favorite car, it is important for you to save properly with the right wealth management steps. David always says that it is prudent for you to focus on goals that are achievable. The process of saving should be a long term one so that your income progresses with success.

It is important for you to also plan for long term financial stability in the form of a retirement plan. It is crucial for you to have a continuous flow of cash even after you have stopped working.

David says that there are several workplaces that have retirement plans. In case, you are not contributing to one as yet, it is important for you to ask your managers about it. In case, you do not have a retirement plan at the workplace, there are other options outside. You may consider looking at them. David always recommends that before you make the final choice, you must consider your requirements and preferences. David always says that wealth management is not a very difficult affair. All you have to do is take one step at a time. What you aim for is your goal. It is important for you to have a long term financial stability for a peaceful and secure future.

David Barcomb is well loved and respected in the Greater Boston area for his excellent skills and advice on wealth management. He takes into account the personal interests of his clients all the time and this is why he is considered to be the one of the best financial advisors in the area today. He gives a patient hearing to his clients and understands their profile. All the solutions he provides are customized to meet and match the needs of the client. This is why David Barcomb is approached by his old clients over and over again whenever they wish to invest or plan something new in the field of financial and wealth management.

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Finance

What Are Some Important Facts to Know About High Risk Credit Card Processing

If you run a business that is typically considered high-risk, you may be looking for a way to process credit card payments. Accepting credit card payments from customers is convenient. Many people don’t like to pay for merchandise with cash and would much rather swipe a credit card because it’s simple, quick, and easy enough. If you want to offer that type of convenience to your customers, you’ll need to find a high-risk credit card processing company that is willing to work with you.

There are some facts you should know about high-risk credit card processing in advance. Knowing this valuable information ahead of time could help you make the best decisions for your business. After all, you don’t want to use credit card processing services if they’re going to cost you a fortune or cause you to deal with financial struggles in the near future.

There Are Companies Willing to Work With All Types of Industries

Some of the high-risk credit card processing companies are willing to work with people in just about any industry, regardless of the risk. They may be willing to work with you even if you run a business where you sell subscriptions to magazines, sell furniture to homeowners and renters, provide moving services to people within a certain area, or even consolidate debt for clients. These are just a few of the businesses that are considered high-risk because customers may avoid paying what they owe.

The Fees Are Probably Going to Be a Bit Higher

All companies that provide credit card processing services charge a set fee to their clients for the service they’re providing. After all, charging the fee is the best way for these companies to make their money. However, if you’re running a business that is considered high-risk, you should expect to pay a bit more in fees to receive a high risk merchant account.

The fees are higher because the companies are willing to take a risk by working with your business. While you may have a lot of success with your business, there is no guarantee what will happen, so the company charges the additional fees as a way of securing their own finances if something were to happen due to the risky business you’re running.

High-Risk Credit Card Processing Is Ideal For Many New Business Owners

If you’ve recently started a business and have limited credit history, the high-risk credit card processing services may be ideal for you. When applying for processing with different companies, you may initially receive a lot of denials because these companies feel like you haven’t established yourself in the industry long enough for them to take on the task of working with you. However, the high-risk credit card processing companies aren’t afraid of taking risks, making them the perfect choice for anyone who has a new business and wants to accept credit cards but keeps getting turned down for processing.

It’s Possible to Apply Online

Did you know you can apply for credit card processing with one of the high-risk companies online? If you’re looking for a way to save time while quickly finding out if you’re approved or not, you could choose to fill out a simple application. The company you’re applying with will need to know some information about you and the business you’ve started, including the type of industry you’re in and the specific types of products or services you’re providing to your clients.

The great thing about applying online for credit card processing services is that you may be able to receive an approval within less than 24 hours. If you’re approved, you can get the process started and eventually begin accepting credit card payments at your place of business, which may be a major convenience for your clients who prefer paying with their credit cards instead of cash.

Some Companies Charge Termination Fees

If you’re signing up with a high-risk credit card processing company, you should read the fine print carefully. Some of these companies will charge early termination fees if you decide to cancel their services for any reason. While you may not plan on cancelling the service because it’s something you’ll use to accept credit card payments, it’s still a good idea to know if the company you’re working with would charge such a fee if you were to change your mind at some point.

Low-Cost Providers Are Available

While most people think they’ll need to spend a lot more money to process credit cards because they’re running a high-risk business, some low-cost providers are still available. Instead of rushing into signing up with a specific company, do your research and check out the rates, charges, and fees you may incur. After making several comparisons, you may easily find a company that isn’t going to charge you too much while still helping you process those credit card payments.

Some Companies Restrict Access to Your Funds in the Beginning

Don’t be alarmed if the company you’re working with decides to restrict access to the full amount of money you’ll receive in the beginning. Sometimes companies do this as a way of making sure things are running smoothly. It’s their way of trying to avoid potential risks if your business fails due to it being a high-risk business in the first place. Not all companies will restrict access to the funds, so make sure you’re asking the different companies about this process before you agree to using one of them for credit card payment processing.

These are some of the important facts about high-risk credit card processing. If your business is currently considered high-risk but you’d like to have a way to accept credit card payments, you’ll need to find a reputable and professional company that is willing to work with you despite any challenges or obstacles in the way. It may be possible for you to apply online for this convenient service. If you’re approved for high-risk credit card processing, always read the fine print to find out more about any fees or charges you’ll have to deal with as a result of using the service.

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Finance

Tips for Reducing Credit Card Debt

Are you drowning in an ocean of debt? This can cause endless anxiety and many sleepless nights. No doubt you sometimes wonder if you’ll ever be in the position to pay it all off. Unless the debt is a result of medical expenses, chances are it was accumulated over a longer period of time. As such, reducing that debt won’t happen overnight. With a serious plan, a determination to execute that plan and plenty of self-discipline, retiring our credit card debt can be a reality. Prepare for a period of austerity and your debt hangover will soon be a thing of the past. Follow the recommendations from the financial planning gurus and you’ll soon be on your way to a debt free lifestyle.

The absolute most critical component of any plan to eliminate credit card debt is the solid commitment to cease using your credit cards. Credit cards should never be considered an additional source of income. On a spreadsheet or simple piece of paper, list all of your outstanding balances and minimum payments on all of your credit cards. You can’t begin to make a serious plan unless you know exactly the extent of your debt. Determine the maximum amount of discretionary spending to earmark towards debt reduction each month or even each week. There are a multiple of ways to increase discretionary spending for debt reduction.

Purchasing a designer cup of coffee on the way to work every morning and enjoying lunches at restaurants with coworkers can amount to several thousand dollars each year. Prepare a to-go coffee mug and brown bag your lunch. Ear mark these savings to debt reduction. Take advantage of the awesome deals offered by Groupon coupons and snag a Carters coupon to save big bucks on all items baby related. Shop at warehouse stores for food and plan to cook more and eat out less. After you have determined the absolute maximum amount you can pay towards you debt each month, divide your total outstanding debt balance by this figure. You’ll then have a target date to be debt free!

Another option to shorten the length of time necessary to eliminate your debt is to secure a part time position and earmark all of the earnings toward debt reduction. Stick with your plan, exercise self-discipline and remind yourself that every day you’re coming closer and closer to reaching your goal.

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Finance

Strategies Traders Use Fibonacci Sequence Or Fibonacci Numbers

Fibonacci ratios are quite popular in the world of trading. The numbers generated from this ratio calculation can help you in determining entry and exit levels.

The Fibonacci ratio was first introduced by an Italian medieval mathematician. His name is Leonardo Fibonacci which comes from the city of Pisa. It introduces a series of numbers whose ratios are in the proportion of forms in nature. The series of numbers he also involved in the calculation of breeding rabbits in an ideal situation. Later, this series is known as the Fibonacci sequence or Fibonacci number. For more information, please visit cfd trading

Traders use the levels provided by the Fibonacci retracement to help determine the range of potential areas as support and resistance. This tool can be used properly when the market is in a state of “trending”, whether it is uptrend and downtrend, but less effective when applied at the time the market is in sideways condition. The basic concept of using the Fibonacci retracement is to look for a buying opportunity when the price is in the support range. Instead, you can look for a selling opportunity when the price is in the range of resistance obtained from the Fibonacci retracement.

To be able to find the retracement levels, you must first find the highest points and the significant lows. These points are called “swing high” and “swing low”.In the upward trend, you are pulling the Fibonacci retracement from the swing low to the high swing as seen in the image below.

On the contrary, on the movement at the down trend, you are doing is pulling the Fibonacci retracement from swing high to swing low as seen in the picture below.

By using this Fibonacci retracement, you can also take several levels for you to make reference area that will be useful to determine entry level. The popular levels are 38.2%, 50.0% and 61.8%. In the range of these levels often appear to buy or sell signals whose accuracy is high enough.

Fibonacci retracement levels are actually supported and resistance levels. Thus, the reference area for finding sell signals is actually the resistance area. Thus, the reference area for finding buy signals is actually the support area.The strategy is similar to bounce trading. You wait for the pullback to the reference area and look for any confirmation of buy or sell signal. But since you have not studied buy or sell signals, for a while you are using Fibonacci Retracement just yet. When price movements are stuck in the reference area, then you can try to sell or buy.

Now, let’s look at the application on the price movement chart.

Buy Strategy

As already explained, you can use the Fibonacci reference area to find the buy level. Of course, this is what you do when uptrend.In applying this Fibonacci retracement, most traders make mistakes in determining swing high and swing low. Therefore, it takes careful observation and practice to sharpen your acuity recognizing swing high and swing low. Also, patience to wait for confirmation in the reference area is absolutely necessary in order to practice this theory well. Feel free to contact our Education Team for more detailed assistance or explanation.

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Finance

Is Your Company Prepared To Cover All Insurance Claims Shoved Its Way

Is your business protected from the costly legal fees and legal claims? And, do you have insurance coverage for some of the most expensive claims such as liability claims and property damage? Because your small business will, at one point in the future suffer a huge blow that can dry out your coffers in one sweep. You may have to liquidate your company and file for bankruptcy, something we all know isn’t accounted for in the cards when you start a business. Everyone wishes to run a lucrative enterprise but, can you shelf the risks that your company could face?

With water and freezing damage, fire, wind, and hail, as well as customer falls and slips accounting the most common claims, how prepared is your company? On the other hand, research shows that the costliest insurance claims include vehicle accident claims, customer injury, product liability, and fire damage claims. So, how can you get out on the other side unscathed? And how do you get the best value out of your money while paying your insurance premiums?

  1. Reduce the risks

Did you know that insurance companies are happy taking on responsible clients rather than the reckless or the ones involved in risky operations? And if an insurance company chooses to cover a risky business, then you have to pay high premiums?

If you run a risky business and if you don’t consider yourself very responsible, then you should embrace safety training programs or even take a risk performance review to reduce the possibility of you ever having to pay for claims. The programs will also prevent unpredictable hikes in insurance premium rates.

Remember that any preventable loss is an avoidable loss and prevention better than cure. So, if you can prevent slips, fire, burglary or theft, take action.

  1. Improve your security measures

Security systems, workers’ safety programs, fire sprinkler systems, as well as driver training programs, will help in cutting down the cost of insurance. So, if your company deals with private and highly sensitive customer data, you have to maintain robust protocols for security so that your exposure to cybercrime reduces.

With the help of an insurance agent or a brokerage firm, you can evaluate your insurance risks and then institute programs that work for the business.

  1. Create proper categories for your employees

Even with the best personal injury lawyers Hamilton, you should work on reducing the cost of insurance. This is a smart move that needs to be implemented for workers injury claims. If your employees aren’t categorized well, you will end up with expensive premiums and even then, your insurance may not be at a position to pay off the full value of the claim and you’re forced to dig deeper into your accounts for money to settle the claim.

A personal injury lawyer may also advise you on how to reduce the liability. While working on those strategies, don’t downplay dangers and don’t lie to your insurance broker. Let your insurance broker know when an employer enters or leaves your employment.

  1. Annual policy evaluation

While it’s easy and tempting to tick the automatic renewal option, you have a lot to do anyway; it’s not the smartest move. However busy you are, take some time to reevaluate the policy while questioning changes to your business. You’ll have to make adjustments to your business model as well as the rates. While at it, make sure that you are protecting your business to the fullest.

  1. Prepay your premiums

To reduce the final insurance costs, you should pay your insurance upfront. This is because you pay a service fee when on a payment plan. To make this work, save up for next years’ premium payments in the current year. This strategy is helpful when you are unable to make the payment wholly at the moment. Though tough, it’s good business practice. Since your business could suffer low cash flows, prepayment of premiums will protect your business.

Look for discounts too. Most of us fear to ask for discounts when the option is available. For this, you need to shop around for insurance carriers that offer great packages at discounted rates.

  1. Modification of deductibles

By increasing your deductibles, you lower your premiums. However, you should evaluate your needs first before you determine how much of your income goes to deductibles.

Lastly, buy adequate coverage. You must have general liability insurance, product, professional, and commercial liability insurance.

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Finance

Freedom Debt Relief ReviewsWhich Credit Card Should You Pay Off First

When you have debt on several credit cards, it can seem like a constant struggle trying to figure out which one you should pay off first. Sometimes, there isn’t any one answer. In other cases, there is a clear winner.

Freedom Debt Relief Review provides a few suggestions to help clear up any confusion around which card to pay off first.

Lowest Balance

This approach may not always be the most efficient, but it has some great advantages. When you have several credit cards with debt and high-interest rates, paying one off provides a lot of motivation to pay off the remaining cards.

That’s where lowest balance comes in. Given the following card balances and interest rates:

  • $4000 @ 12.9%
  • $9000 @ 15%
  • $1500 @ 14.5%

The $1500 card is the winner and the one we’d target first. Wiping out debt on that card will show a lot of progress. Instead of just a reduction in balance, the card is completely cleared out. There’s no better motivation when it comes to paying off multiple credit cards.

Some people are disciplined enough that they can successfully follow other approaches. But we are assuming that isn’t most people. If you’ve accumulated high-interest rate credit card debt on several cards, you probably fall into the pay the lowest balance for motivationcategory.

Freedom Debt Relief reviews that in this example, interest rates are fairly close together and become a nonfactor in which card to pay down first.

Highest Interest Rate

Let’s reconfigure the above interest rates:

  • $4000 @ 22.9%
  • $9000 @ 15%
  • $1500 @ 14.5%

The $4000 card is costing roughly $916/yr in interest. Or nearly 1/3 of the current balance. If we are targeting the highest interest rate, this is the card to target.

Freedom Debt Relief Review points out that the $9000 card is charging $1350 in interest per year, which is more than the $4000 card with the higher interest rate. What should you do in this case?

While the $9000 card is charging more interest in absolute terms, it isn’t when compared to its balance. Once the $4000 card is paid off, and you can apply more money to the $9000 card, the annual amount of interest it charges will quickly drop.

Let’s look at an example to understand how this works. Freedom Debt Relief uses a $1000 payment to each card for this example:

  • $3000 @ 22.9% = $687 (a difference of $916 – $687 = $229)
  • $8000 @ 15% = $1200 (a difference of $$1350 – $1200 = $150)

Freedom Debt Relief notices that even though the $4000 card has a lower balance, we save more in interest by focusing the majority of payments to it. $79 in interest to be exact.

The above example used equal payment amounts. If instead, $1500 would have gone to the $4000 card and $500 to the $9000 card, it would have resulted in an even more skewed ratio toward the higher rate card.

Highest Minimum Payment

Depending on your cashflow needs, paying off a card with the highest minimum payment can free up a lot of cash. If the balance on this particular card is one you can pay off in only a few months, it is probably worth it. This means more cash to put toward other cards.

Managing large debt by yourself can be scary. You don’t want family members to know your finances are spinning out of control. But who do you turn to? Freedom Debt Relief can be your confidant. It doesn’t cost anything to speak with them, and you’ll have a plan on how to get your debt under control.

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Finance

3 Best No Cost Business Ideas for Phoenix

The capital of the Arizona, State the city of Phoenix is one of the most populous city of United States. As the city is rich in natural beauty and climate, it attracts a number of tourists throughout the year. However due to its favorable climate and rebounding economy, Phoenix is the best destination to start your next business. Keeping the city climate in mind, here are three best no cost business ideas for phoenix.

1- HVAC Installation and Repairs:

As the city is located in desert, it has short span of winter with long hot summer. The Phoenix city has to face 85% of daylight hours that’s why it is also known as the “valley of the sun”. So, due to this type of climate there is a definite increase in the demand of air condition units and also there constant repairs. You can get certification in installation and repairing of air condition units, you just have to invest once in certification after that you will keep on getting work for the installation as well as repairs of HVAC.

2- Travel Agent:

Phoenix has one of the busiest airports with about 1200 daily flight. As city also attracts a good number of tourists throughout the year as well as many business entrepreneurs also travel a lot to the city. So, you had a good chance to start a travel agency as mostly people don’t want to get into hustle of getting ticket, here what a travel agent can play a part and can earn a good commission in return of arranging a ticket. You just have to need some good professional links within airport.

3- Grocery Delivery:

As the city is thickly populated and most of the people have to go for grocery every week, which some people find too much tiring. Here’s a good chance for you to start grocery delivery that don’t require any investment. You can post your services online to get some customers in the start and with the passage of time you will start getting more patrons.