Finance Archive

Basic Facts About Gold Bars

Gold coinsMost people are afraid to invest their money in the stock market. The way it works seems too complicated for the ordinary person. And only a few would risk their hard-earned money. Gold would be a sound investment because everyone knows gold will always be valuable. Before you go on a buying spree, however, don't take for granted some knowledge to guide you. Here are a few things you should be aware of when it comes to gold investments, according to Atkinsons Bullion.

1. Gold is for keeps.

You probably think of investments as something you buy and then sell. You should not think of gold in this way. The value of gold is stable, so the price will not change very much over a short time. The price does tend to go up, but very slowly. Buying gold is more of a way to preserve wealth than to increase it. You want to keep gold for a long time as a way to protect your money against factors such as inflation. You should only sell when you need the money.

2. Gold is cheaper from dealers.

You will want to find gold bars for sale — whether in the UK or US — from dealers because they usually offer them at lower prices. The only advantage of getting from the Royal Mint is you are sure you are getting solid gold of the right weight. However, if you find reputable dealers, you will get the same thing for less.

3. Gold investments come in many forms.

Buying physical gold bars is one way to invest, but there are other ways. You can buy investment-grade gold coins, which are tax exempt. You can also get shares in gold exchange-traded funds (EFT). Gold EFT companies track the price of gold, and you can safely buy and sell shares from them. Because the price of gold is stable, buying gold EFT is almost as safe as buying actual gold bars.

Diamonds may be forever, but the value of gold is much more reliable. If you want to invest, but do not know much about the stock market, gold bars is a good way to keep your money safe.

How to Obtain an SBA Loan

Small business owner in front of his cafeStruggling entrepreneurs and business owners are eligible for small business loans as it is one of the best financing available for them. However, they should do their research well before applying for an SBA loan.

The application process will require you to give several details about your business, which requires both effort and preparation.

What does SBA stand for?

The government established the Small Business Administration or SBA to assist small business in the US in the area of financing. An SBA loan in Ogden does not refer to a loan given by the government, but it involves the SBA guaranteeing part of the loans provided by financial institutions and banks.

This US government guarantee comes with very favorable terms and rates. Most small businesses that do not have access to finances and capital from other sources are eligible for an SBA guaranteed loan.

Requirements to apply for SBA loan

You will require a good amount of documentation to apply for this type of loan. The reason is simple – these business loans are risky, as most small businesses do not usually last more than five years. Another reason is that since the government guarantees the loan, they require documents to alleviate the risk.

Authorities would require personal character references, personal essays, detailed financial reports, business projections and a detailed business strategy.

Types of SBA loans

There are different types of loans, but the SBA 7(a) loan is the most popular. They designed to meet the requirements of all kinds of small businesses. You can use this loan for land acquisition, working capital, business renovation, furniture, equipment and fixtures. The repayment period is between 10 to 25 years.

If you are struggling with your small business, an SBA loan is one of your best options. Apply now and grow your business to new heights. 

The Contagious Period of These Office-Related Illnesses

The office is where you work and make a living; when you get sick, you won’t Woman sneezingbe able to pay for bills or live out your passion. The workplace is one of the dirtiest places a person goes to, because of the prevalence of germs and bacteria. If one doesn’t take care of his or her health, or take steps to disinfect their station and the things they touch, they are likely to get an illness while working.

A cleaning service company in Utah cites the following common ailments and their contagious periods for your reference.

The Common Cold

Also known as Rhinovirus, this is the most common illness an employee gets from work. When one colleague goes to work with the illness, he or she will likely spread it to others. They talk into phones, hold the handle of coffee pots or phones and doorknobs, they may transfer their germs and virus onto these surfaces. The characteristics of this include a stuffy nose, sore throat, and bouts of sneezing and coughing. This disease can still spread anytime between one to five days as this is its contagious period.

The Flu

Other than the cold, the illness you must look out for at the office is the flu; colleagues that come in with a fever, head and muscle aches, cough and a runny rose are likely to have it. They can spread the sickness within one to seven days, especially if you don’t disinfect or stay close to them.

Stomach Flu

A person that has this illness has a fever, vomits and experiences diarrhea; once you notice these signs avoid close contact with him or her. Wash your hands frequently and don’t touch your mouth, eyes or nose. This illness may still spread within a one to six day period; during this time, gastroenteritis is still contagious.

These are only a handful of the illnesses you may get at work; sometimes colleagues have to show up even if they’re sick. In such situations, the cleaning company you hire must do their job, and you must also disinfect frequently to prevent germs and bacteria from spreading.




6 Cost-Effective Ways to Improve Your Business

Team brainstorming about business plan and growthA startup business always needs cash to support its operations. This, however, should not hinder you from achieving your goals. You need to find ways to get through the process and succeed in your industry. Marketing experts from Vonazon share some effective ways to improve your business without having to suffer financially:

1. Always Help Your Customers

Your focus should be to help the customers, and as a result, the business will run smoothly. Every time you add value to the lives of your customers, they will reciprocate that gesture by being loyal to your brand. This relationship will provide cash consistently to finance the growth of your business.

2. Open a Credit Line

Banks are always lending money to interested and qualified parties. You should establish a relationship with the bank and open a credit line that will boost your purchasing power. If the current interest rate is low, then you can easily repay the loan.

3. Automate Marketing

This is a cheap and effective solution. You may use a software application to automate different marketing processes within your organization. You will need to automate some repetitive tasks in different departments of your business. These tasks include website optimization, video production, social media marketing, and email marketing. With marketing automation, you will make different tasks easier and effective.

4. Build Strategic Partnerships

If you want your business to excel, you need strategic relationships through which you can outsource some tasks. By outsourcing tasks that are not very competitive, you can ensure that your business remains efficient and offers quality services regardless of its size.

5. Provide Excellent Customer Service

You will need to deal with sales inquiries and after sales support. You can use a variety of tools to improve customer support. Great service will not cost you much, but will greatly enhance the customer experience.

6. Focus on Now

To avoid wasting precious resources, you should focus on proper planning and build your operations around the challenges you are currently facing. You should save money to solve existing problems and prepare for the future. Running a business is more than just selling and providing services. You need to oversee all aspects of the operations to achieve the highest level of customer satisfaction and maximize your profits.

The Best Home Loan for You May Be a 20-Year Mortgage

Mortgage Loan Application with House Shaped KeyringRegarding mortgages, homeowners such as you may be familiar with the common 15-year or 30-year fixed mortgage. Many homebuyers and refinancers usually opt for either one of these two fixed rate mortgages here in Salt Lake City, and even in the rest of the country.

Sometimes, however, a 15-year or a 30-year fixed mortgage may not be the best for you.

15 and 30-Year Mortgage Issues

A 15-year fixed mortgage can have high payments that you may not be capable of paying for with your current financial situation. On the other hand, although the 30-year fixed mortgage has low payments, you may want to pay off your loan earlier than 30 years.

With such issues with both the 15-year and 30-year, what loan can you choose?

Enter the 20-Year

When you are looking to apply for a loan or looking to refinance, a 20-year fixed mortgage may be the best for you. A 20-year offers the best of the 15-year and the best of the 30-year. Of course, you have the shorter period, although not quite short as to shoot your payments through the roof.

A 20-year also offers a lower interest rate than a 30-year.

Lower Interest, More Savings

The average 30-year mortgage rate currently sits at 3.97 percent. With a 20-year, you can squeeze that rate down to 3.75 percent. With a quarter-percentage point lower than the 30-year’s average, a 20-year can grant you considerable savings.

You can do the calculations yourself and see how much you can save.

Shorter Period, More Savings

Now, as mentioned previously, a 20-year can also be a great option for refinancers, refinancers who currently have a 30-year mortgage. Refinancing to a 20-year fixed mortgage not only gives you a chance at a lower rate, but also reduces the amortization period.

Such a move can also contribute to the amount of savings you will gain at the end of a 20-year loan term.

The 20-year fixed mortgage loan remains a rarely used home loan. You can consider your circumstances, however, and a 20-year loan may just be the best loan you can get.

How Divorce Affects Your 401(k)

A Couple Going Through DivorceThe distribution of assets during divorce proceedings go farther than bank account holdings and household income. To reasonably split the finances accrued during the course of your marriage, you also have to deal with the finances you put in your 401(k) accounts. Your divorce attorneys in Denver, Colorado will explain the protocol in your state, but you can thoroughly understand the procedure by knowing how courts split it for couples.

1. Decide Between Marital and Separate Property

When dividing your 401(k) accounts, the first step is to identify the total finances you both put into the account during the marriage. The courts won’t really consider finances deposited before the marriage eligible for sharing to both parties. Generally, assets that either of the spouses owned before the marriage, such as 401(k) funds, are separate property. On the other hand, if both of you contributed to the 401(k) accounts during the marriage, then you will most likely divide the finances.

2. Estimate the Splitting of Shared Assets

The state where you live will conclude how to split your whole assets throughout the divorce proceedings. Most community-property states will divide the 401(k) funds that qualify as marital property evenly among the parties. In equitable distribution states, however, the judge could choose to divide the assets in a different manner for they would rather look at the big picture.

3. Finalize the Division Through a Qualified Domestic Relations Order

Besides acquiring a properly accomplished divorce decree, your lawyer should complete and present a qualified domestic relations order concerning your retirement account. This order will specify that the account should be divided based on the divorce order. As soon as the account administrators and judge approves it, they will place your name on the 401(k) as an additional payee.

With the above process, you will be able to claim the retirement property owed to you during the divorce. Ensure that you take your time in maneuvering the allocated 401(k) plans to protect you financially in the future.