Finance Portal

How a DUI Affects Your Personal Finances

One person dies in a drunk-driving accident every 50 minutes. The number of deaths have fallen in the last 30 years by about 33%, but still kill more than 10,000 people every year. The loss of life is devastating, and the loss of income and financial repercussions can be life-changing.

What DUIs Really Cost

The average DUI in Florida costs about $10,000. You can expect to pay a number of expenses, expected and unexpected:

  • Bail
  • Towing and impound costs
  • Drunk driving education programs
  • Higher insurance fees
  • Court and probation costs
  • Attorney fees
  • Drug and alcohol counseling and assessment
  • Reinstatement of driver’s license fees
  • Lost income, loss of job
  • Fines
  • Potential jail time

It’s easy to see how a DUI can derail your entire life. Most drivers that are arrested do spend time in jail, have a mandatory license suspension, pay fines and skyrocketing insurance premiums.

Those arrested are required to undergo alcohol abuse assessment, because nearly 6% of adults in the US that are over age 18 have a condition called Alcohol Use Disorder, according to the National Institute on Alcohol Abuse. Even if you’re not at fault, another driver can cause you serious financial damage.

Uninsured Drivers

If you are unlucky enough to be hit by an uninsured driver, you may wind up with financial liabilities that you did not anticipate. Fortunately, most people carry uninsured motorist coverage, but these claims are more complicated than most, so a good lawyer is mandatory.

In fact, in order to beat a Florida DUI, it’s almost always necessary to get help from an attorney. Lawyer fees are almost always worth the time and effort in these serious cases, especially if you have gotten a DUI before. Let’s take a closer look at the actual financial toll on personal finances, so you know what to expect.

Bail

You can assume that you’ll have to pay between $100 and $2,500 to get out of jail. And yes, anybody arrested for DUI will likely wind up in jail at least for a short period of time.

Fines

The amount of fines that you will pay can vary a lot. But even for a first-time offense, you can pay up to $1,800.

Impound Charges and Towing Fees

The cost depends on how long your car is in the impound lot, but most people are mortified when they see how high these charges are, and the fees accrue daily.

Towing charges can also be exorbitant. Unfortunately, you will not get your car back until you pay back every cent.

Charges for Screenings

Often you will be asked to take urine tests as a condition of your probation. There are charges for every one of these tests in addition to the fee for the visit. It’s not unusual for them to top out over $100.

Other Charges

Defendants can be nickel-and-dimed by the system, and can be charged for things like time spent in jail, which carries a price-tag as high as $300 a night; sentencing fees, which can be as much as a couple of hundred dollars; and probation fees, which can be as little as $200 to well over $1,000.

You’ll also have to add in the cost of medical treatment and income lost while you’re in jail or fighting your case in court. Some people lose their income permanently because they get fired.

Fortunately, your arrest can be removed from your record. This is called expungement, which will help minimize the financial impact and damage to reputation that are so often the result of being arrested for a DUI.

 

5 Principles Most Wealthy People Have In Common

When it comes to growing wealth, it’s easy to overlook the small things such as the small details of insider trading for a company we invested in. It is common for people to develop complex strategies to grow their wealth. However, the foundation of long-term wealth is built on basic principles. These are the types of principles that the wealthy themselves focus on, to ensure that they continue to grow their wealth. Let’s take a deeper look into what these principles are and how they can help you to grow your wealth.

1) Earn More Than You Spend

Nowadays, it’s easy to rack up a few charges on your credit card. In some cases, people attempt to invest in a business venture using their credit cards. But the reality of the fact is, if you are spending more than you make, you will not be able to become wealthy. Everyone is aware of the fact that in order for you to become wealthy, you have to earn more than you spend. But the reality is that tens of millions of people are in debt because of various expenses that add up. This can entail car payments, mortgage payments, and unnecessary shopping. But if you expect to grow wealth, you have to earn more than you spend.

2) Eliminate Nonessential Purchases and Focus on Reducing Debts

One of the ways you can scale back is to eliminate some of the commitments that you make and focus on underlying debt before you partake in a business venture. This entails canceling multiple credit cards, eliminating nonessential purchases such as Netflix, not going out to eat at an expensive restaurant, and stopping buying name-brand items. By focusing on minimizing your monthly expenses and reducing your overall debt, it will put you in a better position to grow your wealth, as opposed to juggling business venture-related expenses with underlying debt topped off with weekly nonessential spending.

3) Insure Everything That Can Cause Financial Ruin

One of the things that the wealthy share in common is that they are prepared for everything. As such, it’s common for the wealthy to insure everything from their homes to their dogs. The pandemic has made it clear; you really never know what life will throw at you. Regardless if you establish an emergency fund with liquid assets or stock up on food and supplies, you need to be prepared for the unexpected. In addition to this, your home and car should be insured. Practically, anything which could cause you financial ruin should be insured.

4) Invest In Yourself

Oftentimes, we hear successful people talking about the various skills they developed prior to becoming successful as well as books that they read to improve their knowledge in their field and in life. But how often do we actually take the time to learn a new skill or to read a book, much less a self-improvement book? Most of the wealthiest people in the world took the time and effort to invest in themselves first. This could entail anything from working on your mental health to developing new skills to learning new things. By taking the time to develop yourself as a person, you’ll be in a greater position to grow your wealth.

5) Invest With the Future in Mind

We tend to have a habit of living in the here and now. Many younger adults never think about saving for retirement, for instance, because it’s 20 years down the line. As humans, we have a habit of focusing on the here and now. Some people would never consider things like a high-yield savings account or investing in stock. Why? Because we want to be wealthy instantly. In order for you to build wealth, you have to invest with the future in mind. Some of the ways you can invest for the future include:

  • Mutual Funds – Professionally managed investment where a company gathers your money with other investors to which it uses to buy securities for the entire group.
  • Worthy Bonds – Worthy bonds cost as little as $10 each. They provide a fixed return of 5%. Each bond lasts for 36 months and the interest is paid weekly.
  • Real Estate – Real estate prices are at an all-time low. The entire industry is experiencing what’s known as a buyer’s market due to high supply and low demand because of the impact of the pandemic.

 

History of Cryptocurrencies

The idea of cryptocurrencies

Today, Bitcoin and other cryptocurrencies are changing the global financial system through blockchain technology. This technology is considered as one of the greatest innovations of the 21st century and we witness its tremendous impact on the world economy.

According to Mohammad Hosseini, a trader and analyst of financial markets, investing in this field can become the second job with the first income of many people. But what might be interesting to you is that the history of cryptocurrencies and the Chinese blockchain goes back to the 1990s.

In other words, the idea of ​​cryptocurrencies is not a new and innovative one. Before the advent of these currencies, many attempts were made to make such currencies. One of the major problems with these currencies was the possibility of double-spending, while a currency should only be able to be spent once and their counterfeiting must be prevented.

In fact, it was in 1991 that two people named Stuart Haber and W. Scott Stornetta, came up with the idea we now call the “Blockchain”. The first two attempts were to work on a chain of cryptographic blocks that no one could change their timeline.

A year later, they upgraded their system to use Merkle trees. In this way, they could store much larger volumes of data and documents in a single block.

Wei Dai, a well-known programmer and cryptographer, published an article in 1998 (10 years before the advent of Bitcoin) explaining B-Money and proposed the idea of ​​ cryptocurrency. In this article, he talked about a virtual currency that could be transferred to others, anonymously.

Simultaneously, computer scientist Nick Szabo came up with an idea called Bit Gold, which sought to use decentralized cryptocurrency. The idea suffered from drawbacks and inefficiencies, including the need for metal to mint coins and the reduction of multilateral monopolies needed to create transactions in the traditional financial system. However, Bit Gold has many similarities to Bitcoin and is considered father of this popular cryptocurrency. In the Bit Gold system, for example, users could be rewarded for solving cryptographic problems through processing power of their computers. As you know, this is exactly like the concept of cryptocurrency mining that we see about Bitcoin and other cryptocurrencies.

But Sabo’s plan also posed a major re-spending problem, and he could not solve the problem without using a third party to monitor the transactions.

None of these ideas eventually came to fruition but served as the inspiration for the idea of bitcoin.

October 31, 2008, the rise of bitcoin

An article entitled Bitcoin: A Peer-to-Peer Electronic Cash System, describing the performance of blockchain network was published by Satoshi Nakamoto. Nakamoto officially started working on the Bitcoin project two months before the article was published, and it was at this time that the Bitcoin.org domain was registered.

But who really was Satoshi Nakamoto, and how did he put into action the idea that so many people have been trying to develop for so long? It is not possible to answer this question even after all these years, because the identity of this person has remained unknown to everyone. Whether Nakamoto is a person or the name of a company or group has remained unknown and there are many rumors in this regard.

January 3, 2009

The first bitcoin blockchain was extracted by Satoshi Nakamoto, and the blockchain technology was used effectively. . This block, which contains 50 bitcoins, is now known as the “Genesis Block”. In fact, Nakamoto embedded the first headline of The Times in this block to forever reflect the economic preconditions that led to the birth of bitcoin technology.

In the first few months of Bitcoin’s birth, this cryptocurrency had almost no value. Six months after the start of the first bitcoin transaction, in early 2010, the price of bitcoin was less than 14 US cents. But at the time, few envisioned such future for bitcoin.

May 22, 2010

The first purchase of goods was registered by bitcoin. During this purchase, Laszlo Hanyecz bought 2 pizzas with 10,000 bitcoins. This day is called “Bitcoin Pizza Day”.

 

March 2010

The first cryptocurrency exchange called bitcoinmarket.com was created. This exchange no longer exists. The Mt.Gox exchange was also launched in July of the same year.

 

2011 – 2013

Bitcoin hit a record high of $ 1 in February. Although the price of bitcoin fell below $ 1 again, after the publication of an article on the famous Forbes site about cryptocurrencies, the value of bitcoin rose again and reached about $ 9.

Sometime later, another site published an article mentioning the use of bitcoin to buy and sell drugs on Internet sites. As a result, the price of Bitcoin tripled to $ 27 in less than a week. For more information visit the link: hoseinifinance.com

 

 

During this 2-year period, some competitors emerged for Bitcoin and by May 2013, 10 cryptocurrencies were created, including Litecoin. During this time, the price of bitcoin was slowly and steadily rising. The Bitcoin Foundation was established at the same time to accelerate the development and expansion of the network. Ripple, which is currently one of the top cryptocurrencies on the market, was also introduced to everyone during this period.

 

February 2014 and the Mt.Gox disaster

The Mt.Gox exchange was one of the largest cryptocurrency exchanges at the time, accounting for up to 70% of bitcoin transactions. But in a catastrophe, the exchange was hacked and about 8.5 million bitcoins were stolen. The value of this bitcoin number at that time was about $ 460 million.

The exchange had been hacked before, but the amount of stolen bitcoins was not enough to cause problems. However, the 2014 hack hit the company hard and it is still considered the biggest bitcoin theft in history.

2014-2016

The price of bitcoin fell by half and did not return to its original price until the end of 2016. Similar thefts from the exchanges happened again, but none of them was as big as the theft from Mt.Gox.

Ethereum and introduction of ERC-20 tokens

 

30 July 2015

The Ethereum network was launched to introduce smart contracts to the world of cryptocurrencies. Ethereum is now the world’s second largest cryptocurrency in terms of total market value. These contracts allowed Ethereum to have its own ecosystem on the blockchain. In addition, Ethereum had its own local currency, known as Ether.

With the advent of the Ethereum network, cryptocurrencies other than Bitcoin, also known as Altcoin, became more popular. In addition to bitcoin, investors and traders also paid special attention to earn profits from these currencies. As Mr. Mohammad Hosseini believes, coins price increase and decrease with a little delay compared to bitcoin, and this can be used to gain maximum profit.

 

August 2015

Cryptocurrencies that do not have a dedicated blockchain and run on the other cryptocurrencies blockchain are called tokens. The first ICO was launched on the ethereum platform and the Augur token was released. Ethereum -based crypto assets are commonly known as ERC-20 tokens.

 

Late 2015

The release of ERC-20 tokens intensified. There are now over 2000 ERC-20 tokens operating on Ethereum blockchain, indicating that a vast ecosystem of cryptocurrencies is running on a single blockchain.

Since then and after these events, the world of cryptocurrencies has always been dynamic and has experienced many events.

New cryptocurrencies were introduced, including EOS in July 2017, TRON in September 2017, and Cardano (ADA) in October 2017. The price of cryptocurrencies peaked in early July 2018.

The popularity of cryptocurrencies is growing, and the number of bitcoin ATMs (BTMs) is growing worldwide. . In fact, It can be understood why these currencies have become so popular. The reason for this was that more and more people were attracted to this market, and price increase of these currencies entered more investors to the field.

Many stores around the world have accepted bitcoin as a method of payment, including KFC, Newegg.com and Microsoft. The number of these stores is increasing rapidly.

In recent years, large companies have entered the field of cryptocurrencies and have invested in this field. These giant companies include Microstrategy, Grayscale, and Squer, which have large amounts of bitcoin in their portfolio.

The issuance of Central Bank Digital Currency (CBDC) is also one of the important topics of cryptocurrencies these days, which indicates the massive use and many capabilities of cryptocurrencies.

 

 

Should You Use Private Construction Lenders?

When it comes to building homes or building properties that you are going to sell or profit from, the type of loan you take out does make a big difference. Getting the right loan that can make a big difference with it comes to the overall end product and how much money you can make. Private construction lenders are a great thing and can make a huge difference in the overall product.

Private construction loans are loans that are taken out from private lenders to build a property is a great place to start if you are going to be selling the home or the property after it is completed. When the sale takes place you can then pay off the loan or it can be turned into a hard money loan for the buyer to handle. When it comes to taking out a construction loan from a private lender you are going to be able to get a larger loan with less of a down payment which does give you more room for profit.

This is the type of loan that most builders take out in order to make sure that they are able to make as much money as possible and that they are going to be able to profit from the project that they are working on. This helps to make sure that builders are not going to have to take too much out of pocket to pay and so that they are not going to have to spend a ton of money and make a very small profit after the fact. Not all people will qualify for this type of loan so taking the time to do your research can help you find the right loan options for your needs.

 

How I Got Macbook Pro Financing with No Credit Check

I found myself in a real bind over the weekend when my laptop computer died on me. What made it worse was that I had an assignment due in the coming week and all my notes were on my computer and I couldn’t get to them.  Most people would say, “Well, just go to any of the big box stores and buy a new one.” The problem is that I did not have the cash to buy a new computer, didn’t qualify for credit at any of the computer stores, and couldn’t get a credit card either.  I could go to the library and use a computer there, but they only give you an hour and I would need longer than that to finish my paper.

I’ll bet some of you can identify with my situation. I’m a college student and working on my thesis. My computer was several years old and I knew it was going to need to be replaced soon. I just hoped it wouldn’t be this soon. But, oh well. This is what it means to be an adult in the real world.

I go to school full time and work part-time at a restaurant doing food prep and washing dishes 5 nights a week. I used to also buss tables, but my hours got cut since the pandemic because the restaurant is only doing takeout or delivery now. So, I don’t have access to a lot of cash, and I’ve only been at my job at the restaurant for a few months now. Most creditors want you to have at least a year at your job and a decent credit rating.  My credit rating is very low because nobody will approve me for a credit account and it’s hard to get credit without a good credit rating.

What I ended up doing is going in a different direction for financing and got a really great deal. My sister told me about something she saw online and it turned out to be the best thing that ever happened to me. A company called RTBShopper sells rent to own laptops, TVs, video game consoles, appliances, and more. The requirements are few and there is no credit check. It looked like I might actually have a chance to get a new laptop.

I fell in love with a MacBook Pro I found there and hurriedly filled out the application. It only asked a few questions about age, (you have to be at least 18 years old), social security number, and if you have an email address and phone number. I was approved instantly for $2,500, which was perfect because the laptop I wanted was the MacBook Pro with the Intel core i5 processor, 16Gb memory, and 512 GB SSD for $2,339.99.

After getting approved, I put down a deposit of $50 and was ready to go on to the next step. Their products were fulfilled by Best Buy, and luckily, there was one right down the street from my apartment, so I could go and pick it up tomorrow. I was in shock. I could hardly believe that I had been approved for MacBook Pro financing and now was the proud owner of a new computer.

For anyone out there who is in a situation like I was and doesn’t have the ability to get credit, try this place. There is no credit check, and they have name brand products that you know and trust. I have been turned down for credit in stores and left feeling very embarrassed when I didn’t qualify.  But with this program, practically anyone can qualify as long as you meet the requirements. You must be 18 years of age, have a verifiable income, a phone number, a social security number, a form of payment and a valid ID. That is all you need. The monthly payments are affordable and are deducted from your account on your pay day.

It can be very frustrating to be turned down for credit because you have bad credit/no credit. You need credit to get credit, and if nobody gives you a chance, how are you going to improve your situation? Stores like RTBShopper that offer rent to own laptops or appliances make it possible for more people to get the things they need to make their lives better.

How It Works

Here is what it says on their website:

  1. Browse the site and add products to your cart.
  2. Click ‘Continue Checkout’ to go to the lease application.
  3. Pay the initial $50.00 upon approval and sign your lease.
  4. Pickup your product(s) – often the same day – or have them shipped.
  5. Make payments on time  when they are due.

What makes this option such a winner, is that it only cost me a little time and $50 to get a brand new, top of the line Apple MacBook. I would encourage anyone with bad credit or no credit at all, who has been turned down for credit elsewhere to try RTBShopper. Most likely you will qualify like I did, and will finally be able to buy that prize possession you’ve been wanting to get for so long. They have a good selection of products and everything is brand new in the box. Nothing is used or refurbished, every customer gets a brand-new item.

If you count yourself among the credit challenged, then you need to give this a try.  It won’t cost you anything but time and a $50 investment. Being able to get that MacBook saved me when it came to getting my assignment in on time because I had no other means to get it and doing all my work in the library wasn’t an option.

 

 

How to Choose Your Financial Advisor

A сrіtісаl kеу tо ѕuссеѕѕfullу ѕеlесtіng your financial advisor is to know whаt ԛuеѕtіоnѕ tо аѕk. Thе раіnful truth is that mоѕt соnѕumеrѕ оf financial аnd іnvеѕtmеnt рlаnnіng ѕеrvісеѕ dоn’t аѕk ѕоmе оf the mоѕt basic questions whеn fіndіng, interviewing, and choosing the right fіnаnсіаl аdvіѕоr for thеіr ѕресіfіс nееdѕ аnd fіnаnсіаl gоаlѕ. Instead, thеу tеnd to bе wооеd bу flashy signs on imposing buildings, fаnсу dесоr, ultrа-ѕlісk TV аdѕ аnd іmрrеѕѕіvе tіtlеѕ. Choosing thе wrоng fіnаnсіаl аdvіѕоr, however, can lеаd to financially disastrous соnѕеԛuеnсеѕ for you аnd уоur financial ѕесurіtу – аnd thоѕе flаѕhу signs, ѕmооth marketing саmраіgnѕ, аnd impressive tіtlеѕ are thе lеаѕt of what уоu as a соnѕumеr ѕhоuld be соnсеrnеd wіth.

The рrоblеm ѕtеmѕ frоm thе Wаll Strееt mасhіnе аnd thеіr monstrous marketing budgеtѕ. Wall Strееt fіrmѕ label thеіr salespeople “Fіnаnсіаl Consultant” оr “Vice Prеѕіdеnt оf Investments” – remarkable jоb tіtlеѕ tо say the lеаѕt, аnd mоѕt сеrtаіnlу comforting in nаturе tо thе соnѕumеr. They piece together еmоtіоnаllу рrоvосаtіvе marketing саmраіgnѕ with саtсhу ѕlоgаnѕ аnd ѕtrіkіng logos. Thеу аdvеrtіѕе thеіr ѕресtасulаr іnvеѕtmеnt рrоduсtѕ аnd fіnаnсіаl planning services оn TV, оn the rаdіо, аnd іn thе most рорulаr trаdе mаgаzіnеѕ.

Chесkіng уоur fіnаnсіаl аdvіѕоrѕ bасkgrоund, сrеdеntіаlѕ, рhіlоѕорhу, соmреnѕаtіоn аnd experience іn thе fіnаnсіаl ѕеrvісеѕ іnduѕtrу can quickly weed оut the “less рrоfеѕѕіоnаl” fіnаnсіаl аdvіѕоrѕ – and еffесtіvеlу ѕіmрlіfу уоur decision mаkіng рrосеѕѕ in finding thе right fіnаnсіаl advisor.

Onе оf thе mоѕt important “ԛuаlіfіеrѕ” of a рrоfеѕѕіоnаl fіnаnсіаl аdvіѕоr іѕ thеіr lеvеl оf еxреrіеnсе іn ѕеrvіng сlіеnt’ѕ fіnаnсіаl nееdѕ аnd helping them ассоmрlіѕhіng their gоаlѕ. Notice I dіdn’t ѕау “lеngth of еxреrіеnсе іn thе buѕіnеѕѕ”. Length of fіnаnсіаl services industry еxреrіеnсе may mean lіttlе if аnуthіng, bесаuѕе a fіnаnсіаl аdvіѕоr mау hаvе 20 уеаrѕ оf experience whісh may іnсludе уеаrѕ of nothing remotely rеlаtеd to ѕеrvіng сlіеntѕ fіnаnсіаl needs.

There аrе рlеntу of financial industry jоbѕ which may gіvе thе іmрrеѕѕіоn оf rеаl-lіfе “іn the trenches” сlіеnt ѕеrvісеѕ experience, but іn reality these jobs аrеn’t muсh more thаn аdmіnіѕtrаtіvе, mаnаgеrіаl, оr ѕаlеѕ in nature. Tо сhооѕе the rіght fіnаnсіаl аdvіѕоr, fосuѕ оn аѕkіng thе rіght ԛuеѕtіоnѕ, аnd еxресt thorough answers. So, here are some of the questions you will want to ask:

Hоw lоng have уоu bееn wоrkіng dіrесtlу with сlіеntѕ аѕ their рrіmаrу fіnаnсіаl advisor?

Hоw long hаvе уоu bееn rесоmmеndіng investment аnd іnѕurаnсе products?

Hоw lоng hаvе уоu bееn асtіvеlу and соnѕіѕtеntlу creating financial plans fоr сlіеntѕ tо hеlр thеm асhіеvе thеіr financial gоаlѕ?

Whаt is уоur training bасkgrоund, аnd whеrе dіd you lеаrn hоw tо diagnose, mаnаgе, аnd ѕоlvе уоur clients fіnаnсіаl рrоblеmѕ?

How mаnу уеаrѕ dіd уоu ѕреnd training fоr уоur роѕіtіоn аѕ a financial аdvіѕоr?

What firms have you wоrkеd fоr іn thе capacity оf a financial advisor?

How mаnу wrіttеn fіnаnсіаl рlаnѕ hаvе you сrеаtеd fоr сlіеntѕ?

Those ѕеvеn ԛuеѕtіоnѕ wіll gаrnеr the majority оf іnfоrmаtіоn уоu’ll nееd tо mаkе аn іnfоrmеd dесіѕіоn on your fіnаnсіаl аdvіѕоr’ѕ еxреrіеnсе lеvеl.

Buying Property in Malta: Your Malta Real Estate Guide

Properties are always great investments, but you have to consider a few key elements before purchasing—the primary one being location. Over time, the value of your property is going to depend highly on whether it’s in a prime location. This is why a lot of property investors are eyeing Malta. For one, it’s a country with consistent economic growth, and every year an influx of migrants pour in, attracted by its warm climate and low cost of living, which means there’s a high demand for residential properties. If you want to know how you can get started on being a property owner in Malta, read on.

Where to buy?

Malta has three main islands—Malta, Comino, Gozo—and each offers a fair selection of properties for you to choose from. Your decision ultimately boils down to your own lifestyle and preferences. Cities around Malta are closer to a more urban lifestyle, with restaurants, nightclubs, and shopping districts easily accessible. Gozo is closer to a more peaceful village atmosphere. Websites like Frank Salt Real Estate will help point you in the right direction, as it shows various properties for sale in the different cities and towns in all three islands.

What to buy?

Once you’ve chosen a location, your next question may be what property type should you buy? There are various choices, from apartments to farmhouses. Thanks to the massive residential development Malta is undergoing, there is no shortage of options. You’re bound to find a property that falls within your budget.

How much?

Property prices vary wildly depending on location and type, but one thing is for sure, Maltese property prices are on a mad rise.

Currently, the estimated prices for Malta properties start from €150,000 for a studio apartment (or €300,000 for a 3-bedroom apartment) and about as high as €1.5 million for a 4-bedroom villa. These are nowhere near the prices in other major European cities, but it’s still relatively high when you consider that apartment and villa prices in Malta increased by 83% and 72%, respectively, in only a decade. This rise is projected to continue, so this is an opportunity for you to strike the iron when it’s hot and purchase early to ride the prices upswing.

How do I start?

If you’re not a Maltese citizen, you can’t expect to buy property without getting some paperwork settled beforehand. First, you need an AIP permit. You must also remember that foreigners are only allowed to purchase one property in Malta, and these are usually expected to be for your own use.

If you intend to buy property to rent out, there are some restrictions present which you should be aware of, one of them being that the property must be valued above €233,000. There are also a good number of developments and areas – referred to as Special Designated Areas – where no AIP permit is required, and one can also buy multiple properties. After purchasing property, you must then pay a 5% stamp duty.

Buying property is a large investment, and as with most major purchases, you have to research thoroughly to ensure you’ll get a good ROI. If needed, consult with property negotiators so you can get the best deals and avoid any poor decisions.

Image: https://pixabay.com/photos/malta-lane-valletta-1362852/

 

Caster Wheels: Caster Types

Chances are, your workplace has its fair share of caster wheels. Whether on your office chairs or used to move heavy machinery around your manufacturing floor, these little workhorses are everywhere.

Not all caster wheels are the same, however. Some are made of rubber and others made of steel. Some can carry the average employee, others can carry airplane parts weighing tons. One difference that is less obvious is the design of the caster itself, the piece that holds the wheel. Here are the major types and their common uses.

Rigid Casters vs Swivel Casters

Rigid caster wheels are designed to move either forward or backward. These have no swivel bearing to allow for turning.

Swivel casters do quite the opposite. They are built with swivel bearings to allow the attached wheels to rotate 360 degrees while in motion.

Both of these types have their advantages and specific applications.

Caster Mount Types

Depending on your needs, you can get either rigid or swivel casters in various designs. These designs differ at the point they are attached to whatever it is you want to move and are built to handle a variety of jobs.

Plate Casters

These casters attach wheels with a simple plate on the top of the caster. This is a fairly universal design and can typically have some of the higher weight limits as the plates disperse load better than other designs.

Stem Casters

These are the least expensive designs and attach a wheel with a stem, or solid pin on top of the mount. These typically come with a bracket that you’ll need to attach to your equipment, as well.

This type of mount has the lowest load capacity by design. As a result of the low price stage and capped weight limits, these are the most common type of casters and can be found on most office chairs, small cart setups, and most homes.

Leveling Casters

These are slightly more specialized casters than the previous two types. They typically made with plate attachments and add a leveling option. This can be done a few different ways depending on weight limit and accessibility needs.

These casters are used in a wide assortment of situations that call for the occasional adjustment of the object attached. The increased capability means a higher price tag for this type of caster mount and should only be used when leveling is likely to be needed over time.

Pneumatic Casters

These are among the most specialized casters. When you have to move delicate, fragile, or valuable cargo, these mounts provide the best system for ensuring safety along the way.

They are built with pneumatic shock absorbers that can cushion your cargo against bumps or dips while in transit.

There is a right and wrong tool for every job. Casters and caster wheels are no exception. Do your research before making a purchase.

Save money with these web-based tools for business

While the COVID-19 crisis was devastating, there were some pockets of positive outcomes too. The unavailability of in-person services widened the niche for app-based and self-help kind of solutions. Small businesses are saving a ton of money while getting better results from these free and pay-as-you-go services. Here is a look.

DocuSign

In 2003 founder Tom Gonser created DocuSign to transform how businesses make transactions. Before COVID-19, businesses hired document drafters to create contracts. These were signed by all parties in person. With social distancing this approach became difficult. DocuSign allows firms to prepare, sign, execute, and manage contracts and agreements safely without meeting physically. It is available in 180 countries. Businesses can send agreements in 14 languages and sign them in 44 languages. DocuSign is available from GBP 26.6 ($36). Compare that to the cost of hiring an attorney (GBP 148 / $200 per hour), and you have a clear winner.

ANNA 

Absolute No-Nonsense Admin or ANNA is a UK fintech startup that offers mobile-first banking, financial service assistance, and tax accounting to small businesses and freelancers. ANNA enables small enterprises to run business accounts for incoming and outgoing payments. Users can generate and track invoices, manage taxes, and get guidance to help with taxes. ANNA is free for small businesses with incomes less than GBP 453.5 monthly. It costs merely GBP 18.14 for firms with a turnover of up to GBP 453,554.

Wave

Wave is a Canadian award-winning software company owned by Kirk Simpson. Its 100% free app helps small businesses manage accounting tasks for both income and expenses. Businesses can easily design invoices with professional templates. Wave also provides advanced features that allow users to make automatic payments and manage recurring bills with ease. Many small business owners in the UK are immigrant entrepreneurs. Their priority is to send international money transfers as remittances to their families back home. Being able to save on recurring and operating costs is a welcome relief for these enterprising individuals.

H5P

H5P is ideal for small businesses which are getting started in the content authoring industry. It’s an open-source eLearning course creation tool that provides authoring architectures. Content creators can insert data in the form of texts, images, and videos. The H5P platform is easy to navigate with simple and clear guides. Users can create more content types including quiz formats, timelines, interactive media, and image hotspots. H5P is conveniently priced with multiple options based on volume of use.

OTRS

This is a powerful open-source tool for generating tickets and managing processes. The advanced ticketing system of OTRS handles the ticketing needs of all business types. It generates tickets, creates email alerts, and keeps records of transactions. It also allows a plug-in system for ticket barcodes and quick ticket options. OTRS solutions come in Business and Free versions. The price for OTRS Business starts at GBP 3,694.5 ($4,995) yearly for 10 agents. There are also initial consulting and implementation costs. However, users save big on costs in the long run by having their IT helpdesks run OTRS. It improves communication efficiency, offers a platform for strategic management, and integrates seamlessly with other solutions in the work environment. Since the start of social distancing firms are having to connecting with customers online primarily via online helpdesks. Automating administrative tasks using OTRS can reduce the number of employees required to run your day-to-day business operation, cutting recurring expenditure.

Equity Net

Equity Net is a crowdfunding platform for designing and funding business plans. It helps small businesses meet investors. Equity Net has helped small businesses raise over $500 million worth of capital across America since its creation. Business owners can design and publish business plans, then pitch their published plans to those potential investors who are most likely to show interest.

Support.com

Support.com is a team of tech professionals that provide 24/7 support to businesses via a remote IT helpdesk. Organizations can immediately connect with experts via virtual house calls, phone, and chat. They help with issues such as computer malfunction, connections to Amazon Echo, removing viruses, recovering lost files, and much more. Pricing starts from GBP 36 ($49) per month for up to 5 staff. It goes up to GBP 258 ($349) per month for up to 50 employees. The service is ideal for small teams working from home. It is helping small businesses save the time and cost of having tech help come and assist on location. Support.com also offers a free searchable database on its website, which provides solutions to common tech problems.

About the author:

Hemant G is a contributing writer at Sparkwebs LLC, a Digital and Content Marketing Agency. When he’s not writing, he loves to travel, scuba dive, and watch documentaries.

 

How Much Money Do You Need to Invest in the Stock Market?

Everyone hears about how profitable the stock market can be, but not many people know if they have enough money to invest in the market or how to even begin. The truth is, depending on where you invest, you don’t need much money to start investing in the market and watching your money grow. There are things that you should be careful about when investing in the stock market, certain signs and triggers might cause you to buy more stocks, sell your stocks, or hold shares until a certain point. Read on to find how much money you need to invest in the stock market and what warning signs you should be looking out for.

Get informed

Doing your research on the market and getting informed is one of the most crucial steps of investing in the stock market. The more information you have on it, the better. This could be joining an investment group, signing up for real time stock alerts, or simply going online and researching which stocks are moving up and down. This simple research you do could be the difference between making a little money and making a lot of money in the market.

Before you invest a single dollar into the market, you need to get informed about exactly what the market is doing. If you’re really looking into doing your research into the stock market, it might be best to find a career in that field so you’re learning about it at work and away from work.

Build a fund

You don’t need much money to invest in the market. In today’s society, more brokerages than ever are helping people with smaller amounts of money begin to invest. These brokerages are offering no commission trades and fractional shares. Both of these can be used for people with lower amounts of money to begin investing in the market and making their money work for them. You could easily start investing with as little as a hundred dollars. You can keep contributing to this fund with small increments of ten dollars or whatever you can get together. Just make sure that the money you invest in the market is money you’re prepared to lose. You don’t want to invest next month’s rent or your grocery money in the market. Save money that you’re prepared to lose and then invest that money.

Find the right brokerage to invest with

Finding the right brokerage to invest with is just as crucial as saving up an investment fund. Almost every major brokerage is offering commission-free trading and offers you the ability to trade right from their app. This makes finding a brokerage and trading so much easier because they all are similar in some regard. Most brokerages also offer fractional shares in their trading so you don’t have to have the entire amount of a stock to actually invest in it. You can have a small fraction of the price of a stock and still have the ability to invest in that stock. Finding the right brokerage is a major key in investing and making your money work for you. If you have a great brokerage with good customer support and all of the features that you need to start investing, you’ll start making your money work for you sooner rather than later.

Is investing in the market difficult?

Investing in the market doesn’t have to be difficult, but it can be if you’re just starting out and don’t know what you are doing. You can lose money and fail at investing if you don’t know where to start. Don’t make investing in the stock market difficult for yourself. Finding yourself a brokerage with a support group or a mentor who knows their way around a stock market is a great way to introduce yourself to the market and start making money with your money. The New York Times suggest that too many people wait to ‘time the market‘ and don’t start investing early enough because of it. Don’t make the mistake of waiting to time the market. Instead, start investing as soon as possible. The younger you are, the more money you can make in the stock market.