Tag Archive: money

Six Tips For Picking The Right Money Lender

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Financial issues can cost you lots of stress, leave alone the stress of picking the ideal moneylender Singapore. Numerous money lenders have marketed their services and claim to give the longest terms as well as the lowest interest rates. This makes the selection procedure even more complicated. If you are thinking about securing a loan from a money lender, the following tips will help you pick the right one for your case.

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License

The first thing you need to assure is that the bank that you pick must have a valid license that allows them to go about their business. Permits from the relevant authorities give potential borrowers the assurance the money lender complies with the imposed rules and regulations in the industry. Also, confirm the authenticity of the license the potential money lender produces. And that is not all. Confirm if the money lender is registered by organizations that will take care of your welfare as a borrower.

 

Response and reputation

When picking a licensed money lender you have to check if they are quick to receive your requests and concerns and answer all the questions that pop up during the process. Find out more about the lenders track record and client reviews to know more about the reputation of a prospective lender.

 

Flexibility

Before you think of choosing a licensed money lender in Singapore, you must go through the terms and make sure that you are comfortable with them. In some instances, the terms of the loan can be altered depending on your specific financial requirements. The flexibility that you get with money lenders is more prominent compared to that you get with banks.

 

Interest

Before going for a licensed money lender, you have to put the loan interest into consideration. In most cases, you will find that money lenders Singapore charge a high-interest rate because of the flexibility, faster access to credit and the risk they are facing. If you fail to review the loan interest carefully you might have nasty surprises in the end.

 

Financial situation

You have to evaluate your financial situation whether you identify the correct licensed lender or not. Failure to review your financial situation might push you into going for a loan that you cannot easily service. You can talk to a financial expert to know more about your situation and the options that you have for your case.

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Research

You have to gather as much information as possible from different money lenders Singapore before making up your mind. Take advantage of the internet to get lots of information including the requirements before visiting your money lender. You will have the opportunity to compare and contrast the terms and rates on offer. Once you get all the information that you want, you can visit your nearest lender and apply for that loan.

With increased inflation and growth, a significant number of Singapore residents have to take some loans to finance their needs. If you stick to the tips as discussed in this post you will avoid lots of frustration when choosing a money lender.

Lucrative ways to make extra money

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Since way back then when we were children, most if not each one of us had a dream of having a lot of money and also a stable job, but with the current economy it is almost an impossibility to keep a stable job. Employment is one of the ways to generate a desired income. There are various ways to make extra money. Because of the widespread use and availability of the internet you can utilize it to earn extra cash as well. Discovering new ways of making money and trying them is a booming trends in this generation we are in. Below are some ways to make extra money even from the comfort of your home:

By cooking and baking

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If you are conversant with baking, cooking and preparing homemade foods, then this option is suitable for you. With this option,ย you can generate some extra cash. Many individuals like homemade cakes and cookies, knowing that homemade food is better than the ones found in malls and markets.

Freelancing

Freelancing is a brilliant source of making extra income. There are a couple of jobs that you can do as a freelancer, freelance model, writer and so much more. This job requires to notch skills and flexibility. This will also offer you the opportunity to work from home thus making it more convenient and easier for you.

Blog

If blogging is what you are good at, you can create your own blog or website that can make you some good money, just like many bloggers do.

Making cash out of your creativity

If you happen to have a talent for making accessories, knitting and other handicrafts, you can raise extra income from your skills and talent. Since there are a lot of tourists coming and going, you should be able to make descent sales.

Garage sale

Owning a collection of shoes, dresses and a lot of other stuff that was kept over the years can enable you to make and acquire extra income. You can put them up for sale from your home. This is usually known as a garage sale.

Photography

fhgghghhfghghhBecause there is a huge demand for photography out there, you might want to put this profitable option into consideration especially if you have the skills and talent in photography. This is a valuable skill to have and a chance to make some extra cash. Weddings, holidays, birthday parties and so forth are some common events that require photography services.

Important questions to ask your financial advisor

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Managing your wealth regardless of how big or small, is a complicated task. A financial advisor assists you to keep your money safe and also make it work for you. Before you begin working with your chosen financial advisor ensure that you ask them the following important questions:

What certifications do you have?

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You need to be aware of what licenses and certifications your financial advisor possesses. Most of the top financial advisors are certified public accountants, consultants, fund specialists or analysts. There are some who even have a juris doctorate and insurance licenses. Even though each individual has to begin somewhere, you desire would be to work with a firm that has substantial experience in the financial field.

What safeguards are in place to protect assets from fraud?

Your assets should be under the protection of a reputable custodian. When you inquire about safeguards, you should ensure that you ask about any infractions the financial advisor has received previously, either with the firm or as a person. He or she should be a fiduciary in order to offer you the best services. Advisors with a strict code of ethics usually have standards that they share with their clients. However, regardless of how high their standards are, they should be in compliance with the state and regulatory agencies, financial industry regulatory authority and the securityโ€™s exchange commission.

What are your fees?

Your financial advisor should be completely transparent when it comes to fees. He or she has to disclose his or her fees structure, so as to understand how you will be paying. Some advisors are fee-only, implying that they offer a flat rate for services that are provided. Some financial advisors charge a commission fee. This implies that they make money from each product that you buy to assist your investments grow. It is vital to know which one you are working with or if you are employing the services of an advisor who charges a fee on top of earning commissions.

What access do you have to earning reports?

gfgfgfvgvggvggvYour financial advisor should have direct access to the top holdings of where your investments are. He or she should be in a position to inform you immediately what the earnings report is anytime you ask for them. At the very least, your financial advisor should be able to provide you with knowledge regarding your holdings before any assets or investments. By being educated about the available options and what assets are invested, you will be in a position to better understand what the consultant suggests.