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Book Review: Money Without Matrimony

MONEY WITHOUT MATRIMONY: The Unmarried Couples Guide to Financial Security, Sheryl Garrett and Debra Neiman, Dearborn Trade Publishing. Paperback $21.95 (248p) ISBN 1-4195-0688-9)

Who knew? If you were in a heterosexual relationship and got married, there would be 1,143 federal laws that protect your personal finances. But since that’s not the case for the 1.2 million gay and lesbian couples in America, out lesbians and Certified Financial Planners Sheryl Garrett and Debra Neiman have written Money Without Matrimony to help answer the hard financial planning questions. This well-written book helps gay and lesbian couples “plan around” the federal laws that negate right of survivorship benefits for same sex couples when tragedy arises like the illness or death of a partner. According to Garrett and Neiman, “If you want your partner or someone other than your parents or next of kin – no matter how distant a blood relationship – to sort through your possessions, inherit or distribute your stuff, the situation is far more complicated” than if you were married. Aside from looking at doomsday scenarios the book lays out everyday decisions that both short- and long-term couples should be thinking about like whether or not to merge finances, deciding how property should be rented and owned and the ramifications of each decision. Using easy-to-understand, accessible language, the authors have written a book that is a quick read or an easy reference guide to answer financial questions on the fly. While this book covers some of the same legal ground that can be found in other books on the topic, Money Without Matrimony picks up where the others left off with savvy personal finance advice in addition to legal advice. Filled with sage advice from financial professionals about the unique financial planning issues gay and lesbian couples face, this book forces partners to ask the questions they need to answer until (if) they receive full legal marital rights.…

Foreign Capital

INTERNATIONAL CAPITAL MOVEMENTS

International Economics or international business has two parts – International trade and International Capital. International capital (or international finance) studies the flow of capital across international financial markets, and the effects of these movements on exchange rates. International capital plays a crucial role in an open economy. In this era of liberalization and globalization, the flows of international capital (including intellectual capital) are diverse and diverse across countries. Finance and technology (eg internet) have gained more mobility as factors of production especially through the multinational corporations (MNCs). Foreign investments are increasing significantly even for the emerging economies like India. This is in-keeping with the trend of international economic integration. A Peter Drucker rightly says, "Increasingly world investment rather than world trade will be driving the international economy". Therefore, a study of international capital movements is much rewarding both theoretically and practically.

Meaning of International Capital
International capital flows are the financial side of international trade. Gross international capital flows = international credit flows + international debt flows. It is the acquisition or sale of assets, financial or real, across international barriers measured in the financial account of the balance of payments.

Types of International Capital
International capital flows have through direct and indirect channels. The main types of international capital are: (1) Foreign Direct Investment (2) Foreign Portfolio Investment (3) Official Flows, and (4) Commercial Loans. These are explained below.

Foreign Direct Investment
Foreign direct investment (FDI) refers to investment made by foreigner (s) in another country where the investor holds control over the investment, ie the investor obtains a lasting interest in an enterprise in another country. Most concretely, it may take the form of buying or constructing a factory in a foreign country or adding improvements to such a facility, in the form of property, plants, or equipment. Thus, FDI may take the form of a subsidiary or purchase of stocks of a foreign company or starting a joint venture abroad. The main feature of FDI is that 'investment' and 'management' go together. An investor's earnings on FDI take the form of profits such as dividends, retained earnings, management fees and royalty payments.

According to the United Nations Conference on Trade and Development (UNCTAD), the global expansion of FDI is currently being driven by over 64,000 transnational corporations with more than 800,000 foreign affiliates, generating 53 million jobs.

Various factors determine FDI – rate of return on foreign capital, risk, market size, economies of scale, product cycle, degree of competition, exchange rate mechanism / controls (eg restrictions on repatriations), tax and investment policies, trade polices and barriers If any) and so on.

The advantages of FDI are as follows.
1. It supplements the meagre domestic capital available for investment and helps set up productive enterprises.
2. It creates employment opportunities in diverse industries.
3. It boosts domestic production as it generally comes in a package – money, technology etc.
4. It increases world output.
5. It ensures rapid industrialization and modernisation especially through R & …

Crude Oil Business – Why Most Facilitators Never Make It

There is no doubt crude oil business is a very lucrative business, you do not have to be rich to facilitate a deal. All you need is a genuine buyer and a genuine seller. It has become very difficult for buyers to meet genuine sellers and vice versa, this is due to the fact that there are many fraud perpetrators out there trying to leakage on the information they have to brisk money out of innocent buyers. This has increased the doubt of genuine buyers of Nigerian crude, it has forced them to think of every Nigerian who tries to facilitate a deal as a potential fraudster. When these foreign prospects try to negotiate a deal, they become stiff in their bargains and would rather want the seller to work with their own procedures. The issue of the seller putting forward a 2{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} performance bond first comes into play, the buyer would have the seller raise a bond first and the seller on the other hand would rather want the buyer to raise a proof of fund in the form of MT 799, Letter of Credit, Bank Guarantee, MT 103.

The facilitator plays a major role in negotiating a crude oil deal in the sense that he serves as the middle man. It is not easy being a facilitator, you need to have a convincing power, you have to be clear in your understanding of the business, and you should be able to give the seller mandate every bit of information needed whether via telephone or email. The reasons why most facilitators do not make it and get frustrated is not far fetched.

Long Chains: This is always a problem which limits most facilitators, when there are too many people standing as facilitators before the mandate, it posses a whole lot of problem in the sense that distribution of information is slow. A buyer might need a product and require information, but because the facilitator has to go through many hands before getting the information, it makes the buyer loose trust.

Commission splitting becomes a big problem as most of these facilitators are frustrated and motivated by greed, the issue of which group takes how much sets into play and they come to no reasonable conclusion leading to waste of time and resources. Some buyers do not like the issue of presenting an SPA with too many account details on it, they prefer only one paymaster; Since no deal because there are many groups involved in it and they all have different account details. The greed of facilitators make this business arduous, sometimes a facilitator may claim to be working with some other group of facilitators that do not exist. The account details which is supposedly meant for the other group they claim belong to them or some colleagues of the heads, this makes it tiring.

Another point to note is this, before you proceed on any deal; Ask your contact what he stands for (Facilitator or Mandate). If he …

10 Tips On How To Judge Your Readiness For Marriage

Marriage is an exciting step in most people’s lives, and with it comes both great joy and great responsibility. There are ten questions every couple should ask themselves before getting married to determine whether or not they are really ready to take this step.

1. Why do you want to get married? Some may want to get married for financial security or to avoid loneliness, due to an unexpected pregnancy, or to start a family. Others may choose to get married simply because they love one another. Neither financial nor emotional security is a good reason for marriage, and love alone will not keep a marriage alive for decade after decade.

2. Is your partner trustworthy? Are you? A strong marriage requires a great deal of trust from both parties. Partners must be able to trust one another with the finances, to help with the chores, to parent cooperatively (if children are involved), and – of course – not to cheat. If either partner has a history of violating the trust of the other or even breaking the trust of a former partner, it could lay a foundation for future trust issues in the marriage.

3. Is the past in the past… and have you both learned from it? Past relationships, past mistakes, and even childhood grief and family traumas can haunt people into their adulthood. If these issues are not properly faced and appropriately dealt with, they could emerge at a later date and create disharmony in the marriage.

4. Are you planning a wedding or a marriage? Women in particular, but men too, often become so preoccupied with planning the wedding they may forget that a marriage comes after the wedding and lasts (ideally) far longer. A couple can work towards the wedding they want, but it is important that they not forget the marriage they need.

5. Are you feeling social pressure to get married or settle down? Parents and grandparents may pressure a young couple to settle down, and as their friends and siblings all begin to pair off and get engaged or married, it can seem like the natural next step for them, too. Societal pressure, however, is never a good reason to get engaged or married.

6. Do you share similar goals for your lives? Common wisdom tells couples that “opposites attract,” but science shows that compatible couples have more staying power. A couple need not share all the same interests, but if they share common goals for their lives and have similar ideals, they have a better chance of making it long-term than couples who have less in common.

7. How do you handle conflict? Fighting fairly is a critical component of happy couples. If a couple is unable to fight without name-calling, sarcasm, or bitter accusations, they probably should not discuss marriage just yet.

8. Are your finances in order? It is not a romantic question, but it is an important one. Money, or the lack of money, can be a cause …

USANA MLM Business – Opportunity Or Scam?

Usana Health Sciences has become a very large and well-known health and wellness network marketing company They offer a variety of healthy self-care and home-care products, as well as an income opportunity if a person becomes a distributor and sells their products.

However, there are some very real concerns and issues about starting or participating in a Usana business. In this article, I will provide and unbiased review of the pros and cons of developing a Usana business, and see if we can find out whether Usana is a great opportunity – or a great scam.

  • Usana – The Good
  • Usana was founded by Dr. Myron Wentz, a microbiologist and immunologist. Dr. Wentz began Gull Laboratories in 1974, and built it from a one-man operation to a leading provider of viral diagnostic tools. In 1992, Wentz sold his stake in Gull Labs and began Usana with the hope of preventing disease, not just treating disease. Today they offer a line of high-quality supplements and personal care items.

    For distributors, Usana pays out with a binary compensation plan, where a representative builds a left-side and a right-side simultaneously. One of the good things about their compensation plan is the fact there is no monthly group volume requirements. Commissions are earned based on group sale volume (GSV).

    Another big pro about beginning a Usana business is the need – currently, the demand for products that might help in the prevention of disease is huge. With the current marketing trends being what they are, you can sell just about anything that has “anti-oxidant” written on it.

  • Usana – The Bad
  • Usana is a network marketin company, which simply means that a distributor can go join and build a downline, and grow a distribution channel. The first flag that we noted was that Usana encourages their distributors to purchase business opportunity leads (or bizop leads) to grow your organization. The problem with opportunity-seeking leads is that nine times out of ten, they are not really looking for an opportunity. In fact, the way that many opportunity leads are gathered is rather misleading. The process works like this: you are out surfing the web, looking at different sites, and you suddenly see a pop-up ad to win a free toaster if you take a quick survey. If you take that survey, you will be asked to submit your name and phone number to get your free toaster. The minute you fill out that form, you actually become an opportunity-seeking lead.

    For people that have used opportunity leads before, this would explain why so many times when they contact the lead, they have no idea how they got put on an opportunity-seeking list. Also, these types of lead lists are sold and re-sold multiple times, so that when you get around to contacting the lead, they have already talked to eight different people with a “huge business opportunity”.

  • Usana – The Ugly
  • The reason that so many network marketing businesses have such a bad reputation is …

    6G Welding: What Is It? It Is The Highest Paying Of All Welding Positions – Make $100K A Year!

    What Kind of welding job pays that kind of money? About 5{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of welders are certified 6G code welders. 6G is pipe welding – in fact it is the test for: “All-position pipe welding.” The skill test is to weld two pieces of pipe together which are mounted in a fixed position, at 45 degrees. Because you are welding a round object set at 45 degrees, you are proving your ability in every conceivable position. The weld quality must be very high, because replacing poorly welded pipe joints in a power plant (for example) is very expensive.

    How much CAN a 6G Pipe Welder make?

    Wages have gone down during the slow down. Not that long ago a “rig welder” (a welder with a welding machine on a truck) in Alberta, Canada would average $330,000 a year, but times are hard, so it is roughly half that much now. Off-shore oil rigs employing 6G welders are paying about $100k a year right now.

    There are very few trades in life which are purely “skill based. In other words, the possessor of the skill is highly paid simply because they can perform the skill (think of a tight-rope walker in a circus). Most high paying trades or skills require specific schooling, plus proof that you can actually “do the skill”, and rarely will the skill require hand-eye-brain coordination to the degree of a tight-rope walker. 6G pipe welding IS a skill like tight rope walking – it requires dedicated, correct practice. Like tight-rope walking, 6G pipe welding also does not require any specific education or graduation certificate in the USA. No one cares where you went to school, or IF you went to school, as long as you show up and you really can weld that pipe joint like walking a tight rope! If you are good at this ONE position, you’ll be put to work. No one CARES where or how you learned the skill and no one cares if you don’t know another thing in this world!

    Can imagine this? Imagine a room of 100 of the most highly skilled structural welders (typically union iron workers, working on large building frames) and 100 CWI Welding Inspectors (the best of the welding inspectors, with vast welding book knowledge) and ONE uneducated, illiterate but certified and very capable 6G pipe welder… And there is an urgent need for someone to weld a high pressure pipe joint on a 6″ schedule 40 carbon steel pipe – guess who would be the ONLY person in a room of 201 people who could do it? That’s right, the pipe welder, even though the pipe welder can’t READ!

    Anything worth having requires focused work. What do you think a heart surgeon concentrated on learning while in school? That’s right, heart surgery. Focus on the one thing that will make you money and burn it up like a laser beam! OTS! “Own The Skill!” Be careful NOT to waste time, money and effort on …

    A Credit Tenant Lease (CTL) or Conventional (Bank) Loan – Which Is Best for My NNN Deal?

    Many good quality, single tenant, net leased properties qualify for both credit tenant lease (CTL) financing and conventional commercial mortgage lending. Net lease property investors should consider the pros and cons of each before deciding which type of loan to commit to.

    CTL lending is generally best for the long term income investor who wants permanent, high leverage, fixed rate, fully amortized financing and desires speed and certainty of execution. Bank lending has a lower initial (but not overall) cost and can offer a larger variety of terms and conditions. Banks are best for investors who need options, don’t need maximum leverage (have large down-payment available), and who are not sure if they will hold a property for the long run.

    The Difference

    CTL lending combines aspects of commercial mortgage lending with specialized investment banking in-order-to close deals. A CTL banker issues and sells private placement corporate bonds that are secured by the lease on the real estate. The proceeds of the bond sales are used to fund a commercial mortgage loan for the borrower. The loan is administered by a third party Trustee throughout the life of the deal.

    Traditional commercial mortgages are standard loans secured by mortgage liens against the real estate, the income the property produces and the credit of the borrower. Banking institutions originate a loan and fund the deal either by selling the loan to an investor (private or Government) or by lending its own funds and holding the loan in its portfolio.

    Leverage

    The ongoing credit crunch has forced banks to tighten up their lending criteria. It is highly unlikely that a commercial bank will offer any more than 75{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} loan-to-value (LTV) on any deal today. Banks have no incentive to take unnecessary risk; they can borrow money from the Fed (Federal Reserve Bank) at 0{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} percent and buy 10 year Treasury Bonds at 2{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} earning 2 points risk free. They will pass on high leverage loans and only lend where they have large amounts of protective equity.

    CTL lenders will lend up to 100{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} LTV (lease fee valuation) on a non-recourse basis. They are in the business of loaning the full, current cash value of a lease (against the guaranteed future income). CTL bankers, without question, make the highest loan offers in the commercial real estate finance industry.

    Speed and Certainty of Execution

    CTL loans can close in about 1/3rd of the time it takes to close a conventional commercial mortgage. CTL deals have been known to be completed, from-start-to-finish, in as-little-as 45 days (unheard of in the world of commercial banking) but generally take 60.

    Bank loans take at least 60 days, sometimes 180 or more. Also, because CTL deals either qualify or doesn’t, a banker can give a borrower a solid yes or no very quickly. There are a thousand ways a bank loan can fall through but, once a CTL banker commits to a deal and a borrower signs off, there is a near 100{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} certainty of execution.

    Recourse

    CTL …

    How to Start a Foreclosure Cleanup and Property Preservation Company

    A new article on June 3, 2009 from MSN Money writer Michael Brush indicates that there is a third wave of foreclosures still to come from prime borrowers (i.e. those previously “safe-borrowers” with sound credit and fixed-rate mortgages) as a result of job losses thanks to the worsening economy (“Coming: A 3rd Wave of Foreclosures”).

    The article states that “In the first quarter, the percentage of these borrowers who were behind on their mortgages or in foreclosure had doubled from a year earlier, to nearly 6{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc}” and goes on to say that “Credit Suisseanalyst Rod Dubitsky predicted last week that 8.1 million mortgages, or 16{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of all mortgages, will go into foreclosure over the next four years. A weak economy, continued declines in home prices and rising delinquencies among prime borrowers all but ensure that foreclosures “will march steadily higher,” he says.” Not such great news for the economy, but good news indeed for entrepreneurs interested in starting a foreclosure cleanup business to clean and repair foreclosed homes for the banks.

    To put this in perspective, this means that there will be over 2 million foreclosures a year and more than $2,025,000,000 up for grabs in money that will be spent on cleaning up these foreclosed properties (since the average bill is $1000+ to clean up one of these properties).

    Let’s take a look at how you can position yourself to capitalize on this coming foreclosure movement

    Set Up Your Company Properly

    If you want to be hired for cleanup or preservation work, you’ll need to operate your business as a professional company. The good news is that you can set up a business quickly and inexpensively, and usually on your own. Many people decide to set up an LLC (Limited Liability Company) because of how quickly and easily it can be done but you’ll want to check with your accountant or other business professional to select the type of business entity that’s right for your personal situation.

    If you do decide to start an LLC, you can usually find all of the documents you need online from your state’s government website. Usually the branch you’re looking for will be called the “Industrial Commission” or “Corporation Commission” or similar. Try typing in “start a business + ______ (your state)”. Anything ending in “.gov” is usually a good place to start as it indicates a government site.

    Once your business is set up, you’ll need an Employer Identification Number (EIN), which is like a SSN for your business. You can register for one online: type in “IRS” & “EIN” into a search engine to find the online registration link.

    As soon as you have your EIN (which you can usually get immediately online), you can open up a business bank account for your company. This step is very, very important. In the excitement of things, many people get caught up in the day-to-day dealings of running a business and use their personal accounts to pay for business expenses. Not only does …

    Propagate Spider Plants to Sell – Easy Money

    Do you have a greenhouse, a windowed garage or some spare space with natural light as protection from the winter weather? If you do that space can be used to earn you money. The business is growing plants from cuttings, you can reap the benefits a few months on and over 90{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of this will be profit.

    If you are just starting I suggest you try this on a small scale and build up from that. A good number to start with is 20 to 50 cuttings. You need to decide what plant you are to propagate. My advice to beginners would be to take the most common and easy to grow plant initially and experiment after you have successfully grown and sold your first batch.

    The best beginners plant is the spider plant, many home have them and they are the easiest to grow as they automatically produce ‘little’ spider plants for you to pick off and put in pots. You can’t fail to propagate these plants successfully. What’s more, they are one of the best selling houseplant, so no worries about sales afterwards.

    All you need are some plastic pots, some potting compost, a tray to put the pots on and a frost-free, well-ventilated area where there is natural light – not direct sunlight.

    You can get cutting from the spider plant free from friends and family who might have these plants that readily sprout the cutting. Or you can buy a few mature plants and wait a couple of months for the cuttings. Even hairdressers, dentists, doctor’s surgeries along with many other shops have these plants sitting around, you can ask them if they want a free pruning service, most will be glad for you to do this.

    Simply place the pots in the tray and top the pots up with compost firming it down, not too firm though. Then pour water into each pot so it is soaked and leave it overnight. The next day poke finger in the centre of the compost to a depth of around 3 cm, place the cutting into the hole made and firm the damp compost around the base of the plant. It is as simple as that.

    You need to now let the plants establish their rooting system over the next few months before you start selling them. The only work you need to do now is to make sure they don’t dry out. The tip is to water just before is dries out; this of course depends on the environmental climate.

    You now have spider plants ready for sale. Have a look at the cost in garden centres and undercut them, you will get your money back on the cost of pots and compost after selling just a couple.

    Car boot sales are the best place to sell these, perhaps selling wholesale to other carbooters for them to sell on is a great way to make a quick profitable catch with the least amount of work involved.…

    How to Sell AmWay Products – 3 Ways to Make Money Fast!

    AmWay, or the American Way as some people refer to it, is a Multi-Level Marketing Business that has been in operation for over half of a century. When you subscribe to the program, you will be given a brochure and a few items that teach you how to sell AmWay products. The training focuses on creating and extending your network, is helpful for a beginner. However it is not as effective as it was comparable to the past. This is because the public has been scheduled with people who are subscribed to AmWay, or are wary of the marketing tactics that it employs. When faced with this difficulty, a way to go about it has interested prospect look for you to join the business instead of you chasing after them. Here I am going to talk about how to use the world wide web in your networking business.

    3 Ways on how to sell AmWay products and make money fast!

    1) Write about it – there is a lot you can say about AmWay products, and the marketing strategy that the company has employed. If you know the possible success that it offers, or even have experienced it, then it would be good to share it. Create a blog and tell others about it. Place contact information so that people who need help can get in touch with you. These folks are considered as potential network expansions.

    2) Post videos about your work – not everyone will read articles, even if it promises them potential earnings. To reach out to them, you can create videos that contain graphic illustrations of your very own earnings, as well as potential incomes that they can get. Upload to video distribution network like You Tube. From there, you can post contact information, or place a link that leads back to your blog so that they can reach you or move on to get more information from your posts.

    3) Follow up on your network – most people see possible earnings from selling AmWay products, but not all are able to follow through. It happens when your downline feel discouraging for not seeing returns immediately. You need to pass this message down when you are sharing with them on how to sell AmWay products, tell them to set a right expectation, work consistently and hold on even when things seems difficult. This is important because many times, people give up just an inch before the finish line.

    There are several who have built substantial wealth from the efforts of their downlines promoting AmWay business. If you are looking to create huge income in this direction, you have to lease on the capabilities of technology to help shorten your path to success. …