The International Finance

Monday, 11 December 2017

Financial planning for the biggest moments of your life

In this day and age you are always going to get some major moments in your life – they will either be happy (marriage, childbirth etc.) or sad (death in family), and expected or unexpected. No matter what, you need to be prepared, and financially so, for these huge moments in your life. These funds are also known as milestone funds and as such you need to plan well for these expenses. There are a few steps that you can take so that you can be financially prepared to meet these situations in a better manner in life.

About Author

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

Monday, 4 December 2017

Are You Financially Ready to live on Rent?

You haven’t really relocated for your job but it’s time to move out from your parents’ home and start living on your own --- at least, that’s what you think. Finding a new home for yourself isn’t solely about living out of your parents’ shadow and performing chores on your own but it’s also about figuring out whether you are financially prepared to take the leap of faith or not. Read on to figure out why your decision to live on rent can never be made arbitrarily.

About Author

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

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 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 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 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 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 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 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 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 he share his immense knowledge of Finance in this blog.