money

The decision to rent a money counter may seem simple but it is not. If your business handles cash you probably already own one or more money counting machines. You know that currency counters not only save time but increase accuracy. You might have periodic trade shows or sales events that require cash handling equipment. You need to decide whether to try to pack up your money counter and take it with you, or rent a machine on-site. In almost all cases renting is the best alternative for several reasons.

Packing and shipping is a major issue. If you take your equipment with you, you will need to properly pack it and ship it so that it will arrive on time and in working condition. Money counting equipment is very sensitive and subject to losing calibration or shipping damage. Rental companies know how to properly pack and ship your machine so that it will operate properly when it arrives. They also will test and calibrate you equipment prior to shipping it to the rental site.

Something else to think about is that if you bring your equipment on the road, how will your business be able to function without it while it is out of the office? Why should the main office need to go without the use of the equipment?

If you need to handle several locations at once, renting is the only way to go. We had a major bank that was running a charity coin collection in over 100 cities at once. They needed to rent coin counters for all 100 locations during the same week. Renting was their best choice.

Renting is also a great way for you to try out newer models and features. Currency counting equipment is expensive and is constantly evolving with new features and functions. If you rent you have a chance to try out all the latest and greatest features without a capital investment.

Another important consideration in your decision to buy or rent is accounting. Renting is an operating expense and is treated differently than purchasing, which is a capital expense. For tax purposes the rental is a full write-off and does not get depreciated over time as a purchase would. The rental expense will be budgeted as part of the trade show or event that it is directly related to.

There are many reasons that renting a money counter makes sense. If you do decide to rent, reserve your equipment as far ahead of time as possible. Rental companies with take your reservation up to a year in advance. During peak trade show seasons machines can easily get fully booked.…

Single Premium Whole Life Insurance (SPLI) Explained

Most of the time, when we purchase life insurance, we agree to make monthly, quarterly, or yearly payments. There are some whole life policies which can be paid off, usually over a period of 7 years or more. But another way of purchasing coverage has begun to get more attention slowly. This simply involves making one large payment in the beginning. The single premium is set to fund the coverage for the rest of an insured person's life.

One obvious advantage might be the guarantee that life insurance is taken care of without having to worry about paying any more bills. One obvious disadvantage, as you may have already guessed, is the fact that this first premium must be pretty large.

Who Considers SPLI?

The type of person who may consider this unusual way of paying for a life insurance policy would have a lump sum of cash that they are sure they will not need to spend for the next few years. They will also want to leave money to their estate, and they want to turn the cash they have into a larger life insurance death benefit. This way they can be assured they will be able to leave money to their kids, grand kids, or a favorite charity ..

Advantages of Single Premium Life

  • Set it and Forget it – You can make on premium payment, and be assured you have funded a lifetime policy.
  • Estate Building – Most of the time, the cash will buy a death benefit of several times the original premium amount. For example, let us say that that a healthy 65 year old could turn $ 12,000 into a $ 100,000 death benefit to leave behind. That was just an example. Premiums will vary.
  • Cash Value – Since the one large lump sum fund coverage, the actual cash value of the policy should grow very quickly. The policy may have enough cash value to be borrowed against or cashed in at some future point. The cash value may grow by a set interest rate, or it may grow my some market index, like the S & P 500. This will be specified in the particular policy you buy.
  • Policy Provisions – Policies may have an accelerated death benefit, or provisions for early surrender or using some of the face value while the insured person is still alive in special cases. These cases could include terminal illness or nursing home confinement. These functions can give you a policy which performances "double duty."

Disadvantages of SPLI

This product is not for everyone. Look at some of the disadvantages to consider.

  • You Need The Money – You must have the lump sum payment. Of course, the premium will vary by the age and health of the insured person, the insurer, and the amount of coverage you buy. The premium is usually several thousand dollars. This must be money that is not needed for the next few years, or

I received an email last week from Vickie, a 45 year old woman who is on the verge of emotional breakdown over money. Vickie and her 47 year old husband must file for bankruptcy, and she is experiencing frequent panic attacks over their money situation. Married for 14 years with two children, together they own 2 homes, a couple cars, have travelled extensively, and have otherwise lived very comfortable middle-class lifestyles. But over a year ago, her husband, a real estate executive, lost his $300,000 a year job. Now, together they face over $150,000 of credit card debt, plus thousands in past due income taxes, plus mortgages and car notes, and they have no regular income to support any of it. She feels like her whole world is crumbling and she is constantly fighting bouts of gripping panic and stress.

Not Alone

With over 50 million anxiety sufferers and record bankruptcy filings in America, many people find themselves in situations similar to Vickie’s, and can’t see a way out of their circumstance and looking for ways to ease panic attacks over money. As panic sets in it begins to impact everything from willpower to personal relationships and the desire to socialize with others (due to the embarrassment of it all). With so many Americans out of work in what is purported to be the worst recession since the great depression, meeting financial obligations becomes virtually impossible and a feeling of being trapped takes hold.

About Panic Attacks

Panic attacks represent a physiological over-reactive rush of adrenaline in response to a mostly unsubstantiated or overblown fear. In prehistoric times, this adrenaline rush helped humans fight off or run from a real attack from dinosaurs and other predators. Now the dinosaurs are gone, but experts say the feeling of “fight or flight” strikes panic attacks and anxiety sufferers each day. You might say that Vickie’s fear of impending bankruptcy is not overblown or unsubstantiated. In the end, times will be tough for Vickie and her family. But Vickie and her husband still have their health and their marriage, and get this – they both admit their respective roles or lack thereof in getting them into the financial situation in the first place – very important starting point. More importantly, they are beginning to understand that bankruptcy is a form of financial relief and legal protection from creditors – the ultimate source of the unsubstantiated fear. Talk to a lawyer or bankruptcy specialist about the specifics. But ultimately your worst fears about money are most definitely overblown if you are suffering from panic attacks and anxiety over them. You must strategize and gradually lift yourself out of the financial circumstance. And remember, if you must file for bankruptcy, you are not alone. If you check the rolls of past bankruptcy filers you will find names like Donald Trump, Circuit City, Blockbuster Video, and many other company’s and people. Bankruptcy is meant to be a backstop to keep you from panicking and seeing no …

Here is a question that most people looking to become a nail technician ask themselves. For some, becoming a nail tech is something to do to supplement their current income.

However, there are nail technicians that are making a living at doing nails and have gone beyond treating their nail business as a hobby. Today’s techs are getting super savvy at how they are marketing their business and realizing a nice income in the process.

Part of their success has been due to online technology and the internet. Online technology has opened doors to reaching a larger audience to market to. Sites like Twitter and Facebook are helping to network and build relationships with many people on daily basis creating an avenue to attract more and keep more clients.

YouTube has opened the door for nail technicians to put their work in front of 100’s of people daily enabling them to brand themselves as an expert in their industry.

The internet also makes beauty marketing information available at the push of a button. Nail techs can find information online you probably won’t find at your local library on this subject.

Successful nail salons will tell you the main ingredients to making money as a nail tech is knowing how to get clients, keep them, and get a ton of referrals consistently. They rely on good marketing combined with good relationship building tools to attract and keep clients coming back month after month.

You should also understand that there is a difference whether you work for yourself or if you work for someone as an employee. You will always make more if you work for yourself and know how to market your business successfully. Your income will usually have a cap if you are employed by a salon which will limit the amount of money you can ultimately make.

It’s possible to make a good income from doing acrylic nails and nail art designs if you market your business successfully. Just like any other business you have to work at it daily. The beauty industry is a very large industry with many opportunities to make money. It’s a profession that has many rewards when approached correctly.…

By creating credits we mean the process whereby commercial banks, make it possible for more deposits to be made through loan and this process of creating credits is also called creation of money or money creation. By granting loans to their customers, commercial banks increase the purchasing power of the borrower and also increase the volume of money in circulation. Commercial banks use current account as basis of creating credit or money. However, it is not possible for one commercial bank to create credit or money. For credit or money to be created, the entire banking system, will have to be involved.

Commercial banks are required by law to keep certain percentage of their deposits with them. This percentage kept with them is known as Cash ratio or Liquidity ratio or Cash reserve. This is done in order to protect customer’s deposits and prevent bank crisis. This percentage of cash ratio banks will keep is fixed by the central bank, and varies from one country to another. Assuming the central bank fixes 10% as the cash ratio, it then means that for every deposit a bank receives, 10% of the deposit must be kept in the bank while the remaining 90% can be given out as a loan or overdraft by the bank. This 10% cash ratio is kept or reserved with the bank in order for the bank to meet up with customer’s withdrawals. There are other methods by which commercial banks generate credit, for example the death of a customer, by government policies, by the sale of receipts and treasury bills, and also by selling shares to customers and the entire public.…

So lately there’s been yet another start-up network marketing company that I’ve been seeing on social media sites and getting a lot of buzz. The company is called Monat Global. And chances are if you’re reading this, you’re looking for some information on Monat Global before joining the company. If that’s the case, look no further. In this third party Monat Global Review, I’ll cover information on the company, the products they sell and more importantly the actual business opportunity they offer. Before proceeding, I want to disclose that I’m not a Monat Global distributor so it really doesn’t matter to me one or another if you join or not. This is important because you can be sure that you’re getting an unbiased perspective of the company and the opportunity available for distributors.

Who Is Monat Global?

Monat Global is a Florida-based company that markets high-end haircare products through a Network Marketing business model. The company is extremely young but unlike other start-up companies, the company is actually owned and operated by the Urdaneta family. The Urdaneta family have been involved in Direct Sales for decades and run a huge company called L’Eudine Global. From the looks of it, Monat’s products look to be very high quality. The products are paraben-free, Gluten-free, ethanol-free and sulfate-free. Having premium products to market is essential if you’re looking to build a business because without satisfied customers re-ordering every month, you have no chance of building a residual income.

How Do You Make Money With Monat Global?

As a distributor, you can earn income 5 different ways. You can earn immediate income retailing products and acquiring VIP Customers. But just like any other Network Marketing company, the true potential lies in building a rep base and customer base. As you grow your group and accumulate customers, you can earn between 7%-12% on your group’s volume every month. You can also earn 5% through 5 Generations. Overall the compensation plan looks to be fair and lucrative. There’s both upfront and backend income potential which is what you need if you’re going to build a business.

Should You Join?

Well… only you can truly answer that question. The management team is experienced and solid. The suite of products are premium and high-quality. And the compensation plan is lucrative. Surely, you’ll see success if you join, right? Nothing could be further from the truth. You could have the best opportunity and products in the Industry, but if you don’t have a single person to tell about it, you’ll make no money. At the end of the day, your success will come down to your ability to sponsor people and get customers. And at some point, your warm market will run out. This is why I suggest you learn how to market online and learn Attraction Marketing. If you can position yourself in front of a highly targeted audience you’ll have more leads you can handle. And when you’re in a position where you have people chasing you, …

Many small business owners spend a lot of time, effort and money doing things to grow their business that could be done more effectively in conjunction with another business. By this, I mean forming partnerships with other businesses can not only improve a small business' marketing, but it can also improve the business itself.

In this article, four ways to grow a small business through networking and cooperating with other businesses will be discussed. Each, of course, has distinct advantages and disadvantages. They are: 1) cross-marketing, 2) organizing an event, 3) forming a support group, and 4) sharing resources.

Cross-Marketing
In any community, there are numerous opportunities for businesses to cross market their products or services. Here are some examples. A souvenir shop in a resort community that gives its customers a discount coupon for a local restaurant would encounter no additional expenses. The restaurant, of course returns the favor, by giving a discount coupon to its patrons. A graphic designer, for example, may be able to cross promote services with a local print shop or sign maker. An oil change shop could give a coupon for a car detailer and vice versa. The key is to find reliable businesses that honestly view this sort of cross-promotion as a win-win activity.

Organizing an Event
There are many ways for a group of businesses to organize an event that will help each business grow. Farmers markets, street fairs, community events, etc. Are a great way for local merchants to realize the benefits of cooperating to bring customers to the area. A health club, for example, may hold a health fair in partnership with a local health clinic. A restaurant and a local wine shop may cooperate to have monthly wine and food tasting events. A web development company could partner with a local photographer to give a demo on shot-for-the-web techniques.

Form a Support Group
It is easy to become isolated as a small business owner. Between the late hours, the stress and need to make payroll, there seems to be little time for anything else. Not unexpectedly, the small business owner next door, down the street and across town probably is dealing with a lot of the same issues. One way to network and support other small businesses is to form a weekly or monthly coffee club. You could even introduce a topic of week and share ideas on one them each week.

Share Resources
A great way to lower expenses and strengthen your systems is to share resources. Even a simple thing like buying in bulk and splitting the order can have a big impact on the bottom line. Almost everything is less expensive in bulk, but many small businesses do not have the need, space or financial resources to buy, say a pallet of paper, but three or maybe. Another thing that many businesses can share is business intelligence. This may include a mailing list or information about reliable suppliers.

Sharing resources or expertise does require mutual trust …

Vending machines are ubiquitous in our society; people walk by them and use them every day. They are in offices, retail establishments, medical offices, public buildings, and sports facilities. People pull change and dollar bills out of the purses or wallets and pay to get food or drinks from an automatic vending machine. Did you ever stop to wonder how the machines knows what money you put in the slot? Did you ever wonder how the device knows whether you put in a one or a five-dollar bill?

For those of you who have contemplated the money-reading capabilities of vending equipment, the answers are really quite simple. Coins are read based on their obvious physical properties. Thickness, diameter, and ridges on the edge are the main characteristics read by a machines, but some advanced machines can also determine the chemical composition of a coin. For example, a quarter is 0.069 inches thick, 0.955 inches in diameter, and has 119 ridges around the edge. A nickel is 0.076 inches thick, 0.835 inches in diameter, and has a smooth edge, while a dime is 0.053 inches thick, 0.705 inches in diameter, and has 118 ridges along the edge. In an advanced machine, a coin passes through an electromagnetic field generated by an electromagnet; this creates an electronic signature based on its chemical composition. If this signature doesn’t match with a genuine coin’s signature, the coin is rejected by the device. Though it is quite simple to see how coins are read, paper money is a different matter.

Most people at some point in time wished that machines would read their one-dollar bill as a twenty, but unfortunately, this does not happen. Vending machines are smarter than they look and can tell what the denomination of the bill is without any issues (though we sometimes have difficulties getting a bill to go into the machine). Paper money printed in the United States contains many different security features designed to deter counterfeiters. There are also specific features which help with automated denomination recognition. One of the most common methods is through the use of a magnetic scan. Paper money is printed with magnetic ink which can be read by magnetic scanners. Another way that vending machines read paper money is with ultraviolet light. Vending equipment contains ultraviolet lights that scan inserted bills. These lights determine the value of the bill by reading the fluorescent response.

Some vending machines allow users to make purchases with credit cards and they read these cards like most other credit cards readers. They use a magnetic strip reader to measure and calculate the thousands of tiny magnets that comprise the strip on the back of the card. These tiny magnets, aligned in a specific way, convey information to the reader. When a credit card gets old, the integrity of the magnetic strip on the back of the card may have been compromised through damage or normal use; the magnetic strip reader can no longer read the information because the …

The Heart Saver CT screening for heart disease (also known as the UltraFast CT or Calcium Scoring CT) has been available for about 10 years now. This study looks for calcified plaque in the arteries of the heart. Plaque, put simply, is the fatty, waxy type of substance produced by the liver that proceeds throughout the bloodstream. You may also hear or read this referred to as cholesterol. Frequently, plaque will adhere itself to the walls of arteries and over time solidify. Then, it becomes known as calcified plaque. The Heart Saver CT looks specifically at the arteries of the heart searching for calcified plaque.

It is a reasonable test for those with the desire to satisfy their curiosity regarding the probability of future heart disease. The test takes about a half an hour and there are no needles or preparation involved. This study is NOT for someone with known heart disease. Since its purpose is to be a predictor of future disease, it would be a waste of money to do the test if you already know you have heart disease. The Heart Saver CT is an excellent tool when used properly.

In many instances, this study is done when a person is over the age of 35 and more likely over the age of 40. The cost can range from $100 to $300 and some insurance companies will cover this test. However, be prepared to pay out of pocket even if your insurance company will cover and then seek reimbursement. Many facilities that offer this study will not file your insurance for this particular test. The reason for lack of coverage is some insurance companies still consider this test experimental. If you have a family history of heart disease and / or high cholesterol then you should consider this test.

There is potential good and bad news about your results. If your calcium scoring result is zero, then congratulations. Zero is the perfect score meaning there is no indication of calcified plaque in the arteries of your heart. You do not have heart disease from atherosclerosis. However, any score higher than zero means that you do have heart disease. Many people do not understand this fact. Even though you have not had a heart attack, yet, an elevated calcium score means that someday you just might. Calcium score can range into the thousands of an unsuspecting victim. This person would be the epitome of a ticking time bomb. The type of person you hear someone telling about, “He was out mowing the yard and just dropped dead.” A score like that in itself makes this test a must do for anyone over the age of 45 with no known history of heart disease. Lives are saved because of it, but that is part of the good news.

Now for the bad news: Another thing many do not realize is while some insurance companies will not cover this test, they will consider it for future coverage and premiums. Again, …

Do you really want a bargain when purchasing a home? Then the FHA renovation loan is the way to purchase, save money and get instant equity in your home.

This exciting renovation loan program allows a borrower to move a house from one location to another, have a new foundation poured and have the old house attached to the new foundation.

Some years ago, one of my clients was looking for a home, she was getting frustrated because she was not able to find a house within her budget that was the size that would accommodate her family.

At the same time she was looking for a house to buy, a developer in Roswell Georgia had purchased some land to build a sub division. There were houses on the land that needed to be demolished or moved so that he could complete his project. The houses were in good conditions so rather than demolishing them he decided to give them away, the recipient would be responsible for the cost of moving the houses. He donated the houses to a church, this was a smart move for the developer because it was a tax write off for him.

My client was an active member of the Church and she requested and received one of the houses; it was her responsibility to pay for the move. The new problem that she faced was not having somewhere to move the house right away. There where time frames that had to be met, because the developer had to get the houses moved so that he could start his build.

She started her search for land and was having the same problems she had when she was looking for a house, she was unable to find land within her budget that was large enough for the house. In a very rare instance HUD had a plot of land for sale inside the city limits of Atlanta. She would have to bid on the land and there was no guarantee that she would win the bid. She did win the bid and now it was a matter of her getting the house moved from Roswell Georgia to Atlanta Georgia a distance of about 15 miles.

The house movers had been contacted about the move, but they wanted their $9000.00 upfront and my client did not have that kind of cash. The beauty of the FHA renovation loan program is that the cost of the move can be financed into the loan, it was a matter of getting the House Mover to agree to wait for the loan to close in order to get his money. After speaking to the mover and explaining how the renovation loan program worked he agreed to wait until the closing, he also agreed not to take a deposit from my client because the loan program is FHA insured.

The cost of pouring the new foundation, attaching the old house and repairs after the house was attached came to $22,000.00. A 20% …