Saturday, May 16, 2015
It’s never too early to save for retirement. In fact, the earlier you start saving, the better as current information regarding US Social Security raises multiple questions regarding the program’s solvency for future retirees. Thus, it’s up to you to take responsibility for your future and start saving now.
Here are 5 Ways to Boost Your Retirement Savings:
1. Create a Budget and Set a Goal
There’s more to retirement than mindlessly stashing money away in a savings account to which you pay little attention. Create a plan for your retirement by creating a monthly budget and settinggoals. Start by asking yourself where you want to be financially when you reach retirement age, and then educate yourself on the best way to achieve those goals.
2. Start an IRA
Individual retirement accounts are perfect for any individual looking to start their retirement savings, and you have the option of either a traditional IRA or a Roth IRA to choose from. Each have their benefits, and a certified financial advisor can help you decide which one is right for you. What’s more, you can roll over any retirement savings you have from old jobs into these retirement accounts so that your money continues performing for you.
3. Participate in Your Employer’s 401K
If you aren’t participating in your employer’s 401K plan for retirement, you should be. Many employers offer these plans with matching contributions. Every pay period, you put a percentage of you paycheck into the savings plan and your employer matches your contribution. Keep in mind, however, that employers typically require a minimum amount with regards to your contribution in order for them to start matching, so find out what that is and take advantage of it.
4. Cut Needless Costs to Your Lifestyle
If you are sufferingcrushing debt from multiple bills, this can severely disrupt your ability to cut costs in the long run. As such, there are ways you can consolidate you debt and eliminate needless expenses. In fact, some loan institutions offer you the ability to receive a 2000 cash loan to help you combine you debt so that you only need to focus on one bill a month. Remember, however, this is a loan. The faster you are able to pay it off the better so you can free up cash for retirement.You don’t want to wind up in an endless cycle of debt. Find where to cut expenses in your budget, and start cutting.
5. Apply for a Better Paying Job
Applying for a better paying job offers you the chance of more cash to stash away in retirement savings. If you have years of experience in a field that can transfer over into a better paying job, take advantage of the opportunity.
Overall, remember: be resourceful when it comes to saving money. There are many ways to boost your retirement fund, and the above list is just a small sample of what you can do.
Friday, May 15, 2015
Home entertainment can be quite expensive, especially if you're hoping to get every channel on your TV, plus DVR recording, HD content, On Demand, and more. But today's best TV providers offer a variety of packages to suit everyone's needs and to meet everyone's budget requirements. Plus, there are surprisingly simple strategies that you can employ in order to save more money on other forms of entertainment, from music to movies, so you don't have to spend so much every month. Check out the tips below to learn more.
Switch from Cable to Satellite
If your local cable providers are charging you way too much money every month to get the same channels and services that everyone else is getting for less money, it's time to do your research and switch companies.
Many people choose to switch to satellite providers like DISH because they tend to be more reliable, more affordable, and able to provide you with hundreds of channels and all of the extras, such as DVR recording, that you're in search of.
Rent Movies Rather Than Buying Movie Tickets
Sure, you'll have to wait to see a highly anticipated movie, but if you have the patience to wait until the movies come out for rent, you'll be able to save quite a bit of money over time. With $1 DVD rental services, libraries that rent out movies for free, and companies that provide subscriptions to rent movies throughout the month, you'll be able to catch all of your favorite movies without having to spend a lot of money going to the movies and purchasing expensive tickets and snacks.
Wait for Discounted Movie Tickets
There are many movie theaters that provide discounted movie tickets for films that have been out for a while. So, again, you will need to be patient and you won't be able to head off to the theater to see a movie on opening night, but the wait will be worth it because you will save a few dollars on the ticket. Check out the deals offered by local theaters, but also look online for special deals and promotions from coupon sites and deal sites like Groupon.
Use Free Music Streaming Services
If you love listening to music while you work or even when you are sitting outside in your backyard relaxing, consider streaming your favorite songs rather than spending a lot of money purchasing music in the form of CDs and mp3 downloads. There are many services, such as Spotify, YouTube, and Pandora, that you can use to stream albums and songs for free, as long as you're connected to Wi-Fi.
Getting your entertainment at low to no cost is easier than ever, thanks to satellite TV providers, free music streaming services, and a variety of ways to rent your favorite TV shows and movies. So before you go over your budget every month, consider switching to these strategies so you can save money that you can spend elsewhere with your family and friends.
Wednesday, February 18, 2015
With the revival of the property markets, more and more builders are confidently launching new projects across all territories of India. The same is the case with Mumbai; which had experienced a rise in purchase costs of properties at the start of the year. The suburban regions of the city are witnessing a brisk demand in new properties. Mulund has emerged as a hot property destination. The suburban region is well connected with the main city via bus and train route. Now there is a spurt of real estate development in the locality. Some of the biggest names have acquired land and launched their projects. One of the most potent among them is the Nirmal builder who has been around for three decades in Mulund.
Details of the Project by Nirmal Group
It is believed by many that the Nirmal Group is responsible for the development of Mulund and its current status of a residential property hot spot. The group has been around for almost 30 years now and has a marked presence in the locality. It is a well known brand in the region and hence its latest offering comes with the promise of timely delivery and world class amenities. The new project has been named Nirmal One Mumbai and is a luxury offering from Nirmal Lifestyle Mulund.
There are currently four buildings under construction in the residential wing. This component has been named ‘One Spirit’ and would comprise of many variants of apartments. There are 1 BHK, 2 BHK and 3BHK houses offered here.
While the 1 and 2 BHK have only one variant, the 3 BHK apartments come in two variants. The floor area of the smallest apartment is over 600 square feet while the biggest ones boast of area beyond 1600 square feet. The availability of numerous commercial establishments alongside is what makes these properties so alluring.
The luxury component of the project does not only lie in the apartments (which have a larger area when compared with the standard accommodations in Mumbai). It is the amenities which steal the show. The project comprises of indoor playing facilities along with swimming pool, gym, spa and Jacuzzi. The vicinity to the Nirmal Lifestyle Mall and the proposed commercial spaces in the vicinity are set to raise the demand of these properties in the times to come.
Pricing of Nirmal Project
The house price in the prelaunch phase ranges from a little under Rs. 78 lacs and goes a little beyond Rs. 2 crores. The accessibility of the L.B.S. Road and the road connectivity to Mumbai enhances the importance of the project all the more. The 1 BHK apartment costs the least. The 2 BHK houses in the project have a price tag of Rs. 1.1 crores. The 3 BHK apartments come in variants with a price tag of Rs. 1.43 crores and Rs. 2.05 crores. This project is guaranteed to give the residents an “uber lifestyle experience”, which is not easily gained in the absence of amenities that come with this project.
Anyone who wishes to learn more about these projects can log into the housing.com portal and then selecting the ‘New Projects’ section.
Tuesday, January 13, 2015
Stock options valuation also known as options pricing is probably one of the least understood parts of options trading and also one of the most dangerous assumptions that traders make. A stock options price does not always move in tandem with the price of the underlying stock. There are six factors that control the price and profit potential of options. First—the current market price of the stock. Second—the strike price of the option. Third is the remaining life of the option. Fourth is the volatility. Fifth is the interest rates and sixth is stock dividends.
With all things being equal, if a stock goes up in value, then a call option will go up in value and subsequently, a put option will go down in value. Calls and Puts essentially operate opposite to each other as far as the pricing is concerned. These days, large companies are focusing a lot on stock options. They may use them as a part of employee compensation packages or they may use them to conserve cash. Regardless of the purpose, the company needs to have some idea of the value of the options that are being exchanged.
There are some widely accepted techniques for stock options valuation, but the Black-Scholes model is the most commonly used model for stock valuation. If the options of publicly traded companies need to be evaluated, the Black-Scholes model is considered to be the best. In addition to this model, the Gordon Growth model can also be used to estimate the stock price and volatility variables. As a fund manager or as a consultant, you need to suggest a reasonable way to estimate the value of options for publicly and non-publicly traded companies. There is a lot of uncertainty in the stock options and by increasing the credibility of the stock option valuations, fund managers can pick up the right options for the companies.
There are several benefits of using the best measurement technique for stock options. The biggest benefit is that it improves the reliability of financial statements of non-publicly traded companies, which are currently into issuance of stock options.
If you are planning to invest in stock options, you can do it on your own, but you will have to be good at financial analysis. If you are not, then you can opt for some of the best stock option services. Information that you get on stock options can be convoluted and complex. You will need the best stock valuation services that provide you implicit information on these stock options. Most stock valuation service provides have teams that comprise economists and financial professionals.
These professionals have the expertise and the experience to offer in-depth information and accurate financial analysis. These consulting companies gain stock valuation expertise by working very closely with some of the best multi-national companies. While selecting stock valuation services, you need to check out of the company is committed to meeting deadlines, while providing high level of service. These services generally cater to corporations and several other legal and financial communities around the world.
Sunday, January 11, 2015
Economic circumstances have many people looking for ways to cut costs. In the summer of 2012, 70 percent of upper-income home owners looked to do-it-yourself (DIY) home projects first before relying on contractors. However, it is important for homeowners to not take the DIY bug too far and take on projects beyond their skill and expertise. Doing so can actually cost a homeowner more in the long run.
Know Your Limits
No one claims that homeowners are completely helpless. In fact, there are some repairs that you should know how to finish. Calking, fixing doors and locks, and painting rooms are all well-handled by consumers. Unclogging toilets and replacing faucet washers also make that list. These tasks arise much more frequently and offer little risk if you struggle with them.
But you must know when to hire an expert. These specialist categories include:
Structural changes, like remodeling or a new foundation; electrical and wiring; roofing; windows; and plumbing.
Experts already offer the skills, tools, and supplies. They will also finish the work in less time which means less opportunity cost incurred by you.
Impacts of Avoiding Expertise
Taking on a complex project may seem fun and satisfying at first, but it can become a nightmare very quickly. Besides completing a less-than-perfect job that falls apart, there are also other impacts you must consider.
Legal Liability. Your project may require permits. If you miss steps in this process, it exposes you to legal liability and fines. Contractors are normally well-versed in this process and can ensure your obligations are covered.
Chance of Injury. Roofers, window installers, and electricians take precautions. They use safety equipment so climbing ladders, handling wires, and removing lead paint or pipes is unlikely to lead to illness or injury. DIY homeowners often do not have the same resources and can increase costs through lost time from work or high medical bills if they are sick or hurt.
Increased Costs. Even if you survive the permit process and avoid injury, you may discover later that your repair or improvement was not as solid as you hoped. In this case, you will need to hire a contractor anyway to fix your mistakes, which can become quite costly.
All the complications of plumbing, for one example, show why you need to avoid the DIY route for specialist work. Damaged pipes, outdated plumbing, drain cleaning and other unexpected developments can demand expert attention. Leaving any plumbing job, including drain cleaning, as a DIY project risks flooding or cutting off water to your home.
Plumbers can video-inspect to find and remove obstructions. Besides hair or debris, tree roots and natural obstructions can also block pipes. Hasty DIY work on this problem can mean damage to pipes that cuts off your water supply or further inconvenience if a clog returns.
Hiring a contractor means knowing a job will be done right. Save DIY adventures to those jobs with little impact and more certainty.
Tuesday, December 9, 2014
Previously, humans just survived by merely exchanging goods and services. Concept of money opened new doors to trade and exchange. Things were priced in a better way, the future payments could be secured, there was no question of perishability and so on and so forth. With invention of money, people started spending. Over a period of time, people came to know that they must save something for future or to buy some money demanding product or services. Concept of saving came into the picture. People started saving their money at their homes at a secure and secret place. Banks came in and lockers came into the picture. Lockers and accounts kept the money safe and gave interest. There also developed a parallel way of investing money as shares of a company or in metal. This gave rise to investments and people started investing and saving instead of just saving. Investment can be considered as a saving with better returns. One of the best and most rewarding investments today can be the real estate sector. This sector has seen a rampant rise in the past few years and is at a growing pace. But while investing in any of the upcoming projects in India, one should thoroughly check these conditions: -
1. Proper documentation: - one must verify and check the documents before investing in any of the upcoming projects in India. There may be cases of scam and fraudulent behavior if one is not alert and does not verify and check the documents. Documents of the house and documents of the society should be verified to avoid any future shocks and problems.
2. The city in which the invested house is: - one must see the future prospects of a city and invest wisely. A city like Ahmedabad has golden prospects as it is one of the fastest developing cities and the growth rate is very high. There are many latest new projects in Ahmedabad which will prove value for money and give great returns in the future. Ahmedabad has seen great development and there is still scope for it to be one of the greatest cities of the world. Investing in the latest new projects in Ahmedabad will ensure that the future is bright and there is shortage of returns.
3. No of rooms: - the number of rooms or the BHK s of the house is surely a thing to bank upon. The greater the number of rooms, the greater returns. Besides, one can also think about their future and invest in a larger house as one might have children or the children may be of marriage age which will demand larger space. If these houses are given on rent, they would fetch a better income and fill the pockets at a faster rate.
4. Purpose of purchase: - one must decide as to why he or she is buying the house. If it is for primary residence, the luxury factor, number of rooms and facilities must be considered. If it’s a weekend house, one must focus on the location and the lavishness of the house. The latest new projects in Ahmedabad are focused on luxury factor and have a lavish touch.
Thus, the above is the checklist one must follow and keep up with when buying a new house. The various upcoming projects in India are designed and built to fulfill every need and fit every pocket! So ensure that the investment is in the best place and get the highest of returns!