The International Finance

Tuesday, 17 October 2017

Socially Responsible Investing Decoded

What are the factors that you keep in view while making investments? Have you ever thought about it? Has “society” ever featured in your reasons behind making an investment? Is socially responsible investing even possible? We will unravel details right in the course of the post.

What is Socially Responsible Investing? Estimating its Feasibility


What exactly is socially responsible investing or SRI? Is it possible to give back to your country by making these investments at the first place?

About Author

Amit Singh is a founder of Theinternationalfinance.com he share his immense knowledge of Finance in this blog.

Wednesday, 20 September 2017

Cognitive Bias or Mental Money Traps?



Do we ever arbitrarily regard ourselves as prudent consumers? Read this particular post before you are even close to drawing conclusions. How do we rationalize our purchases? By weighing the pros and cons of each product and then deciding which one of the options made available to us is suitable.

About Author

Amit Singh is a founder of Theinternationalfinance.com he share his immense knowledge of Finance in this blog.

Monday, 11 September 2017

Financial Security in College: Exploring a Few Tips



The financial woes of college students have been an eternal area of concern. We have – time and again- come across the stories of so many students finding it so difficult to balance out government support with the rising rent, food and education costs. Even the funds from freelance gigs- it seems – have consistently failed to help them meet ends.

About Author

Amit Singh is a founder of Theinternationalfinance.com he share his immense knowledge of Finance in this blog.

Thursday, 31 August 2017

When Credit Cards Get Out of Control, Freedom Financial Could Help



Credit cards tend to get a bad reputation when it comes to your financial situation. They are frequently associated with high interest rates, overspending, and out of control debt. Given the fact that people use them for virtually everything now, it is easy to see how this could happen. A recent report shows that people are using their credit cards for even very small purchases such as a cup of coffee.  While this may sound surprising, there are benefits to using your credit cards, even for small purchases. Of course, if you do find that your credit card debt is out of control, Freedom Financial could help you get back on track.

About Author

Amit Singh is a founder of Theinternationalfinance.com he share his immense knowledge of Finance in this blog.

Thursday, 24 August 2017

Can “Overspending” be Categorized into Different Types?

What are the possible consequences of overspending? Overwhelming credit card bills? Loan defaults? Black marks on your credit report?

The evils of overspending are too many to count. And, the key to controlling your habit of overspending is to identify the kind of overspender you are. There are so many people who do not even understand that there actually are many types of overspenders – let alone figure out the kind of overspender they are. We are offering you a rundown of the types of overspenders out there so that you know who exactly you are and where exactly you can curtail.

About Author

Amit Singh is a founder of Theinternationalfinance.com he share his immense knowledge of Finance in this blog.

Friday, 11 August 2017

Ward Off Hackers By Investing In Precious Metals – Why Are They A Proven Store Of Wealth?


Have you ever been sceptical about whether or not your wealth can be hacked? Well, this is a threat which is mostly overlooked by investors. Investors actually ignore them at their own peril! In a world where elections can be hacked, who can vouch for the fact that brokerage accounts and banks can’t be hacked? It has just been 5 months into Donald Trump’s presidency and within that time Russia hacked elections and this theory of conspiracy won’t just vanish!

Off late, major e-commerce websites and e-mail providers have been attacked by hackers where they take customer’s secret information and sell it off on the web. In fact you thought that Bitcoin is hack-proof, you need to think again. There are million dollars worth crypto currency which have been digitally hacked by hackers.

Can you reduce vulnerability to hackers by investing in precious metals?


Well precious metals have always proved themselves as storage of wealth for years unknown. During financial instability, precious metals like gold are deemed as safe haven as they’re used to enhance security and preserve wealth to an uncertain economic future. Being finite and tangible resources, precious metals will always retain their inherent value as they’re not controlled by any financial institution or the government. USMoney Reserve is one of the largest distributors of precious metals issued by the American government.

As we know that that there are very few assets which offer your family a shield against economic and political uncertainty, precious metals like silver and gold help protect your wealth from viable threats like hacking and sudden decline of the US dollars or a crash in the stock market.

Investing in precious metals – How to go about the process


When people speak of investing in precious metals, they actually mean buying and selling silver, gold or platinum. Investment can be done in 2 forms; investors can buy the metal and keep it in some private place like your safe or in the bank. Another option is by buying a precious metal ETF. Ideally, this entails purchasing a stock which is tied to the present value of the metal. When the metal’s value goes up, this has a direct relation with the price of the ETF as well.

Big pulses of precious metal investment


It’s a physical commodity: If you own a precious metal like gold, you own a piece of that metal and this is different from the way a stock or share works as it exists on paper.

It’s a controlled item: You won’t find an oversupply of precious metals like gold, silver or platinum. Although such metals are mined most of the time but that doesn’t make it grow at a rapid rate. US Money Reserve sells such metals to the most reputed mints of the world. You can check out their Crunchbase profile to know more on the company.

Its price runs opposite to the economy: Off late, there has been a sudden rise in gold’s value and this has come during a period when the US economy is in a sluggish state. This means that people usually take resort to gold when the economy looks weak and they move out of the precious metal when the economy looks strong.

In case you have a huge portfolio of investments which includes assets of other classes, foreign currency, foreign stocks, cash, bonds and real estate, precious metals can definitely be one more element you may want to add. Precious metals are a volatile piece of the investment picture that can be effortlessly balanced with the other stable assets of your portfolio.

About Author

Amit Singh is a founder of Theinternationalfinance.com he share his immense knowledge of Finance in this blog.

Friday, 4 August 2017

Common Credit Card Mistakes



Credit cards are everyone’s gateway to whole different world. These cards may be small and unassuming but the power they wield over mere mortals is unparalleled. Credit cards are similar to miniature loan providers without having to avail approval and furnish documents every time a transaction is required. All individuals will have to do is pay their credit card bill by the end of the month or whenever their billing cycle is. However, credit cards are provided by the bank or financial organization based on the individual’s income and also their credit score if it is not their first card.

About Author

Amit Singh is a founder of Theinternationalfinance.com he share his immense knowledge of Finance in this blog.

Monday, 17 July 2017

How Your Finances Should “Change” After You Become Parents

Upgrading your finances makes for one of your crucial responsibilities as new parents. Has the baby arrived? Or is it about to arrive soon? Are you done setting up the nursery? Have you kept aside the delivery charges? What should your financial checklist look like after your baby has arrived?

Documented below are a few ways in which you should upgrade your finance after your baby is born. Read on in order to unravel.

Do you know about the importance of Social Insurance Number?

Make sure you are focusing on the creation of a social insurance number for the baby. If you are living in Canada or want your baby to work there in the near future then you ideally- at first- establish a registered education savings plan in his or her name. Your child will require a social insurance number. Most of the provinces of the country offer a Newborn Registration Service which enables new parents to apply for the social insurance number or SIN. This is done while issuing the child’s birth registration. In Ontario and British Columbia, you can also apply for the birth certificate at the same time.

Why Reviewing the Insurance Policy is Important

The arrival of the baby necessitates a thorough review of your insurance. If you are yet to secure a life insurance policy then it is the time to get one. If you already have a life insurance policy (which you ideally should have) you should check whether the terms mentioned in the policy are sufficient enough to cover the needs of the new addition to the family or not.

Should you Undermine your Financial Goals?

How do you strike the right balance between your own financial goals and your child’s needs? Everybody will tell you that your baby’s needs should definitely be prioritized but that doesn’t really mean that you should dismiss your own needs totally. So, how is it that you should aim for that perfect balance? It is very important to include childcare, education and food costs in your budget.

However, doing this definitely doesn’t mean that you will focus solely on these needs and completely forget about your own financial goals. Do not hesitate to save money for property, car etc. Additionally, be prudent enough to set aside money for important emergencies like job loss, pay cut and drain of wealth in the form of medical bills as well. So the motto of your financial planning after a kid is born should be “your baby’s need come first but that shouldn’t mean that you should undermine your needs”.

Power of Attorney: A Must!

Do establish powers of attorney. This may be the last thing on your mind but you should be prudent enough to decide who your child’s legal (and financial) guardian will be in the event of your absence. Put in writing the name of the person who should be responsible. Pick a close friend or relative who is willing to take those decisions for you in your absence. Set up a health care power of attorney.

About Author

Amit Singh is a founder of Theinternationalfinance.com he share his immense knowledge of Finance in this blog.

Thursday, 29 June 2017

Why Living in these US Cities is Financially Advantageous

Though many of us haven’t really realized this, it’s actually very important to consider the earning potential of a given region and its cost of living simultaneously while we are in the process of zeroing in on a region where we would want to live.

How does Finance Affect our Choice of Living Region?

We do want to live close to our friends, relatives or loved ones, but it’s our finances that finally go on to determine the place where we want to stay. And, talking about our finances, it is absolutely important on our end to not to treat the cost of living in a region and its income potential separately because they do work at tandem and not in isolation.

Generally places with fat paychecks in New York (or for that matter in most other parts of the world) are associated with higher cost of living (include food, rent and transport). However, a recent research has actually led to more heartening findings.

Fat Paychecks and Low Cost of Living: What the USA has to Offer you

If you are looking for residential options in the country, then it’s advisable for you to scout regions lying in its middle instead of just arbitrarily shifting towards the more expensive coasts. The middle of the country has regions combining fat paychecks and modest cost of living. Documented below is a rundown of the US cities that combine the best of both worlds.

Read on in order to be duly guided in this regard.

Which US Cities Promise the best virtues of cost of living and paycheck? You will find out right here! Hopefully this read will facilitate your house hunting endeavors by a little extent.

Dallas-Fort Worth, Texas

Lying in the Sunbelt, this city is known to reap the benefits of high net domestic migration and an almost zero existent state income tax. The comparison drawn by Numbeo regarding the costs of living in Los Angeles and Dallas will actually make the picture crystal clear for you!

It has been said that a person needs around $5,066.81 in Los Angeles, CA to maintain the same standard of life that you can actually enjoy for $4, 200 in Dallas, Texas.

Houston, Texas

Houston, Texas is also known for its high domestic migration rate coupled with desirable economic trajectory. Notably, as per Census Bureau’s 2015 population estimates, Texas had witnessed the most remarkable increase in population. Talk about the suburb Harris County in the city and it actually grew at a better rate than any other country. The Department of Numbers proclaimed that the city’s median household nominal income was something around $60,072 last year and its real income was $65,910.

Denver, Colorado

Denver, Colorado is known for its picturesque serenity and outdoorsy community. The area is dotted with a number of small towns, where you are allowed to hike with your family and pets absolutely free of charge. The Living Wage Calculator (from Massachusetts Institute of Technology) reveals that the typical annual salaries of Denver as far as the management jobs are concerned are something around $103,690. The living wage that people must earn in the city (as calculated) is $10.79 as against $14.37 in San Francisco.

About Author

Amit Singh is a founder of Theinternationalfinance.com he share his immense knowledge of Finance in this blog.

Tuesday, 27 June 2017

Get Acquainted With Time Banking Basics: Your Time Is Now!

With job recessions and downturns, amplifying the idea of time banking can be helpful in more ways than you can envisage. Not only does it give value to menial jobs but it also helps evoking community bonding--- something that no money transaction can give you. Time dollars are as valuable as any other currency and alongside getting your job done can be a new way of life in this age of economic decline. Time banking uses people’s time instead of cash outlay for any kind of service provided.

Herein documented are a few basics of this process to get familiar with the advantages time banking renders. Know better!

What ‘time banking’ actually is

As explained above time banking is a way to payout a job done with time currency instead of money in any form. Now let us cite an example, your house needs cleaning and you get help from someone. Normally this would bring upon you a hefty service bill but none in this case. Thinking why? That is the “no money way” where you serve with service like for house cleaning you walk someone’s dog from the time banking community. 

Surely a boon for the daily wagers who generally have to pay often more than what the earnings are for the services and even for the affluent class. The policy of “give help and get help” can get things done easy and also create a bond amongst neighbors.

Count the hours

One hour gets you one hour of credit. This is the distinguished feature of this unique banking system. In return of an hour of service you give in you get an hour of time dollars that you can utilize to get any job done in return.

Time banking is not the same as bartering because in this you don’t exchange jobs with the same individual rather you can do the work for anyone in the community and in return get favors done from anyone from the same community. Likewise if someone helps your neighbor with baby-sitting can request you to help with laundry in return for the time dollars earned by him.

Not just one on one basis but time banking can be useful to serve a group of people as well to earn credits. For example, the person who serves time hours at the old age center in return can get someone to help her with taxes.

Discern the principles and benefits

The values are applicable to all time banks irrespective of its size, purpose and management. Time banks value people above anything else and also give recognition to many occupations that do not fit the traditional job brackets. It endows everyone with respect and helps building positive relationship among the communal residents.

In the wake of the unprecedented growth in the rate of unemployment, time banking can bring in some amount of respite. A new age currency that saves on taxes—isn’t it a great way to describe this phenomenon? Alongside being helpful in this time of financial crisis it brings forth a sense of social responsibility something not any other banking system would ratify.

Although time banks are exceedingly worthwhile yet they aren’t free from some downsides. Research well before forming a time bank or joining a running one. Hope you’re sorted!

Time is money!

About Author

Amit Singh is a founder of Theinternationalfinance.com he share his immense knowledge of Finance in this blog.