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The Modern Way to Find a Mortgage

The Modern Way to Find a Mortgage

More people are turning to the internet to find the right mortgage deal. Will you be one of them?

Mortgage

You can do just about anything on the internet now. Whether it’s booking a holiday, checking to see who’s ringing your doorbell, or sharing the twentieth selfie of the week, no one can deny that we’re living in a digital age. Naturally, the mortgage industry has had to adapt, with a large number of online mortgage brokers having popped up over the past couple of decades.

According to a recent survey by Which, around one in three homeowners secured their mortgage through a broker, with 8% of those using an online service. While that might sound like a small number, the popularity of online mortgage brokers is currently on the rise thanks to more people preferring to get things done from home and the increasing amount of time the population is spending online.

What are they?

A mortgage broker is essentially the middle man between you and the lender. They’re there to find you the right mortgage deal for your situation and can often offer advice on similar areas like insurance and protection

An online mortgage broker is basically what it says on the tin. It will compare and contrast different mortgage deals on the market, but the process is almost always completely automated. Unlike a traditional broker, there’s no shop front, no face-to-face discussions, and no “handshake” deal as such. The name should be a dead giveaway, with an online mortgage broker negating the need for a real person. While this can put some people off, it can be an excellent solution for those who’d prefer to find the right mortgage without having to leave the comfort of their own home.

Why do people use them?

While many might want to meet an actual person when getting mortgage advice, there are a number of reasons why people prefer to check deals online:

•    24-hour service: Unlike people, the internet doesn’t sleep. For people who work nights or are busy during the day, it can be hard trying to fit in an appointment with a broker, especially if they‘re only open during traditional business hours.  Since websites are available 24/7/365, an online service is great for people looking to check mortgage rates on the go or at less sociable times of the day.

•    Cost: While this varies from service to service, the same Which? Survey revealed that many people who used an online broker did so because they thought it would save them money. In most cases, you won’t need to pay to see your results, but many do also offer services to take the application further in which case you may need to pay a fee.

•    Time-Saving: If you have a fast connection, then an online service usually can show you several deals quite quickly. Many prefer not having to schedule an appointment or travel to a physical office. The website should also allow you to see your mortgage options quicker than a manual search.

•    Scope: Like a regular broker, the main draw of an online mortgage broker is the sheer scale of deals you can see. Banks and building societies aren’t going to show or advertise mortgage deals better than their own and often have limited products. The notion of being able to see sometimes hundreds of potential mortgage deals at the click of a few buttons is enticing to many.

•    No paperwork: If there’s one thing absolutely no one on the planet enjoys, it’s filling out paperwork. With an online mortgage broker, physical paper is replaced with online forms. Great for some as any mistakes can be corrected with the press of a backspace key and no tipp-ex.

•    People: This one’s fairly simple… plenty of us don’t like talking to strangers. The internet has become an excellent tool for those who either get nervous around people or who can be easily pressured by salesman or brokers into taking deals they might not be sure about.

How do they work?

Like any service, the specifics of how they work will vary from company to company, but most online mortgage brokers do generally operate similarly.

No matter the website/service you use, you will need to enter at least a few basic details like your income, age, whether you’re a first-time buyer etc. so it can work out the deals you could be applicable for. While it might not give you the most specific details, it can give you a good idea of the types of deals available to you. Many don’t take it further than this, using an online tool as a starting point and then applying on their own.

Many online mortgage brokers will have the option to take your application further, meaning you’ll have to scan the relevant documents to verify your identity.

While they can be useful generally, if you are looking to apply for a mortgage and have a more complicated situation, an online mortgage broker might not be able to find you the best deal.

When it comes to finding the right mortgage, ultimately, it’s up to you which route you take to securing one. If you’d prefer not to leave your house and like the flexibility of an internet service, then there’s never any harm in having a look at an online mortgage broker. However, everyone’s situation is different, so never limit your options, especially when it comes to a substantial financial decision like this. There are many kinds of mortgage advisers out there, so make sure to take the time to find the right one for you.


How to instill good money management in your children

How to instill good money management in your children

manage your finances

The type of adult that your children will grow up to become is largely determined by their experiences as a child. This holds true in most areas, and is particularly true when it comes to money. Children who learn money management skills when they are young will often grow up to be responsible adults when it comes to matters of finances. Below are some of the ways that you can teach your child about responsible stewardship of their finances.

Allowance 

When you give your child an allowance, it should not come without strings attached. Your child’s allowance should be earned by doing chores around the home. There are two different ways to provide your child with an allowance. The first is the most obvious one and that is giving your child money in exchange for their performing a set amount of household work. The second, and more innovative way, is to pay your child on a per chore basis. This will enable them to directly tie their effort to a specific amount of money.

Savings 

It goes without saying that you should start encouraging your child to save early. You should start a bank account for your child where they can save birthday and holiday gifts. In addition, they should save progressively as well. While the concept of a piggy bank seems well-worn, it still works to teach your child the value of money. If you have spare change, you can give it to your child to put in the bank. Clear piggy banks are helpful because it allows your child to see the money as it accumulates.

Discuss Opportunity Costs 

It is vital for children to know that money is not infinite. Not only should children be aware of what things cost, but they should also be aware of other things that cost roughly the same amount of money. For example, if your children want to go to a movie, they should be aware of other things that can be bought with that money. This should be done occasionally but not every single time that you purchase something because it may give them anxiety. However, it should be done often enough so your child can understand that it is necessary to make conscious choices about what to do with money.

Prioritize 

Instinctually, for children, wants automatically becomes needs, and vice versa. In a child’s way of thinking, every desire becomes an automatic necessity. As adults know, there are luxuries and necessities in life. The necessities come first, followed by the luxuries. Your child should be taught what they need to have versus what they want to have.

Be Careful About Splurging 

While you do not necessarily have to be a tightwad at all times, you should not set a bad example in front of your children. You should be careful about making impulse purchases around children because it may send the wrong message. Instead, you should talk them through your decision process when making a purchase so they understand the calculus.

Author Bio: Paige Jirsa- I work with Top10.Today, a shopping comparison site, where we strive to help consumers find the best quality and priced products.


How to Prepare For a Last Minute Vacation

How to Prepare For a Last Minute Vacation

Travel

Most people spend a good portion of the working year dreaming of a vacation. This is why when the opportunity arises you simply have to grab it. So, if you suddenly find yourself with a few free days at your disposal you have to promptly move into holiday planning mode. Of course, when you don’t have as much time to plan or prepare, things can get a little hectic for you. The good news, though, is that this doesn’t have to ruin your vacation experience. To make sure that you are handling everything properly, follow these tips here:

Figure Out Your Budget

Now, one of the downsides of a spontaneous vacation is that you don’t have enough time to save up money. Nevertheless, you are going to need to figure out just how much it is that you can afford to spend. This will give you some idea of the holiday budget that you have to worth it. In case you feel like this budget is much too tight, you are going to need to supplement it with a quick loan. You can easily cut down on all of the fuss and the red tape with services such as 24Cash.ca. Here, you can get a cash loan approved within one day, ensuring that you can stretch your budget out a little more.

Do Your Research on Possible Locations

Your next step is to figure out where you can go. For the most part, your budget will be able to outline which destinations are actually possible for you. Still, there are other factors to consider. For instance, what time of the year are you traveling? If it is in a peak season like summer, you should look for alternatives to popular, crowded spots. This way, you will be able to enjoy better prices while also staying clear of hoards of people. With this in mind, also carefully research what the best places to visit are, given the time of year.

Book Your Tickets Wisely

You don’t need to be told that the best way to keep air travel to a minimum is to book your tickets ahead of time. Since you are headed out on a last-minute vacation, though, this might not be a possibility for you. This doesn’t mean, though, that all hope is lost. Instead, you simply need to be a bit more flexible with your travel plans. For example, traveling on a Saturday or a Sunday may be ideal. Unfortunately, prices can skyrocket on these days. Nevertheless, if you can arrange it so that you can fly out on a Monday or Tuesday, you will be able to get away with paying a lot less.

Get Some Help

The last piece of advice that you should follow is to consult a travel agent. This is something that people tend to take for granted when planning a spontaneous holiday but they can be quite invaluable. Understand, travel agents have a number of contacts, insider information, and more. As such, they will be able to quickly sort out your plans for you with minimum fuss. Thus, this is an avenue that you should consider.

These are the top tips to keep in mind when preparing for a last minute vacation. This way, you are sure to have a great deal more fun.


How to Prepare for a Freelancing Career in 2019

freelancer

You’ve probably noticed that the world of work is changing. These days, you don’t necessarily need to work a nine-to-five job to get a good income. Sometimes, you work according to your own schedule, and still, make enough money to pay all your bills.

Thanks to the internet, the gig economy and freelancing have become more popular than ever. As long as you have a stable internet connection and a talent that you can sell online, you can become either a full-time or part-time freelancer. Of course, just as with any career, it pays to have a strategy for success. If you’re thinking about joining the freelancer community in 2019, here are some tips to get you started.

1. Start Before You Give Up Your Day Job

While the idea of working two jobs might seem exhausting at first, it’s often a good idea to work on your freelancing opportunities before you give up your day job. By working as a freelancer part-time, you’ll be able to see if you really have what it takes to thrive in this environment. Freelancing is nothing like working in a regular job, and you’ll need a lot of commitment to make it work.

Additionally, if you freelance and work a traditional job at the same time, you can make sure that you have some income available when you’re in the process of gathering clients and customers. It can take time to find a regular roster of paying clients, so make sure that you’re not going to struggle with finances during that initial period.

2. Have a Plan

To be a successful freelancer, you need to have a skill that other people want to use. Some people freelance as virtual assistants, answering emails and scheduling appointments for business leaders. Other people decide to put their skills in graphic design and blogging to the test. Find out what you’re good at, and start building your talents.

There are plenty of online courses that you can take in your spare time to find out more about the profession that you’re going to be getting into. For instance, consider taking a writing course if you want to be a copywriter, and learn as much as you can about things like SEO and search engine algorithms.

3. Know How Much You Need to Spend

Unfortunately, preparing for a life as a freelancer isn’t just about predicting how much money you’re going to make offering your services. Though it’s important to know what kind of price you’re going to charge for your services, you also need to know how much you’re going to spend. Typically, the very least that you need to work as a freelancer is a good internet connection and a great computer.

If you need to buy any equipment, like a desk, a PC, a chair, printer and anything else you might need to serve your clients, it might be worth checking out your options for third party finance. You can get business loans that are tailored to freelancers, or you can look into personal loan options. Remember to compare your options to ensure you’re getting the lowest interest rate.

4. Build a Buffer

If you’re truly committed to making it as a freelancer, then you’re going to need to start planning long before you start putting your career into motion. Even if you continue to work at your job for a while when you’re freelancing, it pays to have a buffer in place in case things go wrong. The more you can save up before you’re relying exclusively on your freelance gigs for money, the better off you’ll be.

Remember, when you’re working as a freelancer, you’ll also need to save a portion of your income aside for the rainy days when you lose clients, or you’re struggling to find enough work to thrive. Freelancing does have its ups and downs.

5. Have a Plan B

Finally, it’s important to be positive when you start freelancing and remind yourself that everyone has their rough patches. However, if you lose work that you can’t win back, or you end up struggling to pay your bills for months at a time, then you might need to consider moving to plan B. For instance, is it possible to request your old job back if your freelancing strategy doesn’t work out? This would mean that you have to avoid burning any bridges when you leave your old career.

Additionally, think carefully in advance about when you should start applying for new jobs if your freelance strategy isn’t working. Don’t wait until you’re already struggling to get by.


Understanding Asset Allocation and Diversification in Your Investment Portfolio

investing funds

Any good investor needs to understand the risks of putting “all their eggs in one basket” and not adequately allocating assets among various investment possibilities. When it comes to investing, a sure thing is rare or even non-existent. For this reason, it’s always important to diversify and make sure you’re not risking too much as an investor in one particular area.

Major reasons why diversification is necessary

There are quite a few reasons to consider when it comes to evaluating your plans for asset allocation and diversification. The better you understand the major purposes of having a diversified portfolio, the better able you’ll be to make plans to maximize your investment profits. If you are in a pinch, find a quick cash loan rather than cashing out your major accounts focused on long term savings, the penalties are not worth it.

The following are three of the biggest reasons to consider for properly allocating your assets and diversifying your portfolio:

Minimizing the risks of investing funds

While investors are obviously aware of the fact that they can make money from investors, they should also understand that investing involves putting your money on the line. An investment inevitably entails some amount of risk. The way savvy investors mitigate risks is by portfolio allocation that ensures a good amount of diversification.

Hedging the portfolio against low returns from certain sectors

One of the biggest advantages of diversifying a portfolio is that it can allow a portfolio to be successful even when individual sectors are failing. It never happens that all sectors progress and exhibit growth at the same time. Diversifying funds among various sectors means that one sector can see a dip while the growth seen in other sectors will make up for the resulting losses.

Preserving available capital to the greatest extent possible

One of the primary goals of any investor is to make sure that no capital is lost overall. In evaluating risk vs. reward, it’s imperative to consider that any loss in capital makes all the investments unsuccessful and all the time spent making investments lost time.

Being sure to preserve capital requires diversification. If only one or a few limited investments are made, capital is more at risk than it would be if adequate asset allocation is allowed for.
Problems with spreading your investments out too thinly

While diversifying is always important, it’s also important not to overdo it. You don’t want to spread investments out so thinly that you don’t see large profits from any particular area. You’re not going to be able to see significant profits from a good investment if you didn’t invest enough funds in the one sector that’s taking off.

Be reasonable about diversification. Don’t try to make every investment you can. Do enough research to pinpoint a few investments you can put a decent amount of funds into so that your individual investments could potentially see decent profits.

When you are making plans for your investments, it’s important that you sit back and think about how you’re going to manage diversification needs. Make sure you’re not focusing too much of your investment capital in one particular sector. If you do, you’re taking unnecessary risks and might end up losing your capital and shrinking your portfolio over time.


5 Common Mistakes with Business Loans

For most businesses, at some point in their growth they will need to take out a business loan. Whether you are a startup looking for cash to get your business off the ground, or a company who has been around for years, we could all use a helping hand in the form of money.

When deciding if a business loan is the best for your company, you need to think about every aspect of how it will work. This includes keeping in mind all of the things that could go wrong. Here is a list of the most common mistakes made with business loans and how you can avoid them.

Not Having a Successful Business Plan

When planning to take out a loan it is essential to understand what you will use your business loan for and then plan for how you will pay it back. Without a proper plan on how you will utilize these funds you could suffer from irresponsible or even accidental overspending.

Not only can the lack of a good plan send you into debt it can prevent you from getting approved for the loan in the first place. Lenders look well thought out plans that provide them peace of mind to hand over their money. Walking into a bank without a good plan will most likely lead to you walking back out with a frown and rejection in hand.Prevent drawing the loan approval process out by formulating a solid plan before reaching out to lenders.

Waiting for Emergency Expenses

Business loans are not just for covering urgent or emergency expenses, such as a seasonal shortfall, or covering building or vehicle repairs. The most successful businesses use business loans to make timely investment in new technology, new locations, new people, and more.

Waiting until you desperately need cash can lead to a rushed planning process. Planning for your business loan should take time as there are a multitude of factors you will need to consider. If you attempt to throw together a plan you risk the bank denying you. As stated before they need to feel comfortable giving you their capital.

Even if a lender does approve your loan on your rushed plan, you may have accidentally developed a plan that is set on course for disaster. Keeping an eye on your finances and doing yearly sales projections should help you see far in advance if you will need to apply for a loan. Begin your plan as soon as the idea of a loan comes up so you are sure you have enough time to create it, and so can be checked over.

Failing to Shop Around

Just as a bad credit score can cost you, taking the first loan offer that comes your way can make your loan unnecessarily more expensive. You can start with your bank or credit union, but then look at nearby competitors. Don’t forget to look at offers online, too. Shopping around can also give you a second chance if you are rejected on your first application.

Make sure to look at the fees associated with the loan, as well. Some lenders charge origination fees that can range from 1% to 6% of the loan. These fees are typically deducted from the loan amount, meaning you won’t actually receive $10,000 when you apply for a $10,000 loan. Each lender will have loans that range in interest rates as well.

Keep in mind your plan for your business loan pay back and see how the interest on each loan will affect it. Every lender and loan is different so be sure to inquire on the details of each one you can.

Not Thinking About How Much Money you Actually Need

Before you apply for a business loan, you should narrow down the amount of money you actually need and stick to it throughout the loan process. Business Loans can help in every facet of your business from inventory to payroll and even helping your business with its prior debt. When calculating how large of a loan you will need take into consideration every cost you need to cover.

Keep these costs in mind:

  • Business Expansion
  • Marketing
  • Paying Employees
  • Purchasing inventory
  • Purchasing equipment

Some less than ethical lenders will encourage you to borrow more money than you need because they are looking to make a bigger profit. When you borrow more money than you need, it can be more difficult to pay back, plus you’ll have “dead money” sitting in your bank account which isn’t being helped by inflation. Finding a balance between borrowing too much and borrowing just enough is a balancing act. Don’t be afraid to reach out for help.

Using Loans Irresponsibly

This mistake is one that comes not necessarily from poor planning, but from poor decision making. You may have made a great plan that broke down what you would use your business loan for, but if you veer from your plan it is imperative to readdress your plan. Life can throw changes at you and mistakes can happen but you need to be careful when using money that is borrowed.

Keep your loan plan handy and take notes with every purchase you spend your business loan on. Compare you initial plan with the money you have spent and adjust the rest of your plan accordingly. Just like with a personal budget, your need to stick with a business loan budget or you can risk running out o the money before you expected.

Conclusion

Fearful of falling into these business loan mistakes? With proper planning and a strict discipline you can avoid these issues and have a smooth business loan process. Companies like Get Out of Debt are here to help. With free blogs to help you understand your loans and plans to pay them off, They also have plenty of information on personal finances, should you need some assistance there.

If you have any experience with using business loans, leave a comment and share your most helpful advice in the section below.


Day Trading Basics: Choosing a Market and Deciding When to Trade

A day trader is someone who purchases and sells assets or financial instruments within the same 24-hour trading period. Some people even buy and sell multiple assets throughout the day to help them build as much potential wealth as possible. The whole purpose of day trading is to make fast decisions about stocks so that you can take advantage of a volatile market. Learning how to day trade is no simple feat. Most people who get into the day trading market can’t simply engage with their stocks on a part-time basis. That’s why there are so many people out there that end up giving up their jobs to day trade full time. However, before you hand in your notice to become a full-time day trader, it’s important to know exactly what you’re getting into. Here are some tips on choosing a market for day trading.

Choosing a Market for your Day Trading Strategy

Typically, day trading is associated with markets that have fixed closes. In most circumstances, a day trader will be able to trade in any asset, including commodities and stocks. However, choosing the market that you can get the highest return on investment on will depend on numerous factors, including what you feel comfortable trading, how much you can afford to spend, and how much time you have to put into your trades each day.

The stock market is a popular choice for many day traders as there are a lot of different shares to get involved with. It means that you have more variety to play with when you’re building your portfolio. If you get involved with the equity market, then you’ll need to close down your positions at the end of each day to make sure that you don’t face any gapping risks, when overnight news can suddenly change the nature of a stock.

Deciding When to Day Trade

When you’ve chosen the market that you want to day trade in, you’ll also need to figure out when you’re going to do most of your trading. Keep in mind that you don’t necessarily need to trade all day, but you should maintain a consistent pattern. For instance, if you decide to trade between 9 am and 10 am, then do that every day. This will help to give some structure to your strategy. The market you choose to trade in above will affect the times of day that are best for you to trade at. For instance, the stock and futures market are often best suited to trading early in the day, when you just wake up, or just before the markets close. Research the opening and closing times of your market before you begin trading to get the best results.

Alternatively, day trading forex is a different situation, as forex markets can run for 24 hours a day. The best way to simplify your process here is to simply focus on the specific hours of a currency pair. For instance, EUR and USD are the most volatile between the hours of 6 am and 5 pm GMT.


How to Actually Decide if Debt Consolidation is Right For You (and When It Isn’t)

Sometimes when you’re swimming in debt, taking control of your circumstances once and for all seems like an unbearable burden.

You have most likely considered a few different paths you could take to pay off your debt, but decision paralysis is a real thing, my friends. Just remember, you’re not alone.

Credit card debt is America is growing at near lightening speed. In fact, the average American household carries over $15,700 in credit card debt. With average interest rates being nearly 14%, American families are paying more than $2,000 of interest if they choose to only make the minimum monthly payment.

That’s crazy!

It probably won’t surprise you then that debt consolidation is a hot topic among those working to get out of debt and achieve financial freedom.

Not only can a debt consolidation loan help achieve this goal, but it already has for many thousands of Americans living with debt.

But that still doesn’t make it the right choice for everyone.

In case you’re unfamiliar or foggy brained on what it means, debt consolidation is essentially the process of gathering up all of your eligible debt, combining them into one lump sum, and taking out a new loan with new terms and conditions to create a single monthly payment. Once the process is in motion, you make a single monthly payment and the firm you are working with distributes the funds to the appropriate debtor until the debt is completely paid off.

So, what’s the catch?

This is where the “not right for everyone” advice comes in.

While combining debt into one payment may be a promising option, it’s good to understand what you’re getting yourself into before diving straight in.

To Consolidate or Not Consolidate, That is the Question

First, it’s critical to understand which debts can be combined and which cannot.

Debt generally falls into one of two categories: Unsecured debt and secured debt.

Unsecured debt is debt that has no underlying asset backing it up, like credit card debt, medical bills, utility bills, and other types of loans or credit you may have.

Secured debt is debt that is backed by an asset, meaning if you fail to make payments, your creditors have the legal ability to take away the asset. Examples of secured debt are things like auto loans and mortgages.

The vast majority of debt consolidation companies only work with clients who have unsecured debt, so if you are hoping to make this work with a car loan or mortgage payments, it’s time to go back to the drawing board.

Benefits Anyone Can Appreciate

When researching debt consolidation, it’s easy to find all the black and white reasons why you should or shouldn’t sign-up with a consolidation firm, but here are few areas where we can all meet middle ground about whether it’s good or not.

Payments become easier. Instead of worrying about meeting due dates on multiple credit cards and various other debts, you will only need to worry about making one payment, on time, each month.

Lower interest rates. If you’re able to secure a consolidation loan with a lower APR than you are currently paying against, the savings in interest could potentially take years off of your debt repayment, which is huge!

Improved credit score. Debt consolidation won’t do your credit score any favors in the short term, but once debts are paid off, many people see a significant improvement on their credit scores in a relatively short time. As you know, this is incredibly important when bouncing back from a serious amount of debt.

Still sound good?

Let’s move on to discussing the not so glamorous side of consolidation: The risks.

Risks to Consider

As you have probably guessed, there are risks involved when it comes to choosing and working with a firm for help with your debt. After all, debt is big business. But being aware of the risks involved is key to avoiding a bad situation.

Before signing up with a firm, consider how you got into your current situation in the first place. Was there a major life event that essentially forced you into a large amount of debt, or maybe you just aren’t sure how to create and stick to a budget. Whatever the reason is, try to identify it.

Second, once your debt is paid off and you can spend freely again, how confident are you that you won’t end up in the same situation later down the road. Many people swear they will never fall back into an overwhelming amount of debt, but without the knowledge and discipline to spend and save wisely, it can happen easier than you might realize.

The Bottom Line

Consolidation can be a great tool to systematically pull yourself out of debt, but as with most things in life, there are risks and rewards to consider. If you are ready to commit to the process and ask for assistance when you need it – both before and after debt – it may help you get out of debt sooner than you realize.

Author’s Bio:

christineChristine Yaged is a co-founding partner and Chief Product Officer of FinanceBuzz. Christine launches and scales brands. She is passionate about technology, digital marketing, and people.


Top Tips on Finding the Right Office Space for Your Business

office space

Business is a lot like real estate, it is all about location. Therefore, picking an office premises has strategic important to the success of your enterprise. The location of your office determines a variety of elements. Examples of these are how your clients can find you, proximity to your markets, access to your resources and brand image. Therefore, you should make sure to invest in the right office space for your business. Thankfully, there are various methods which you can utilize so as to get the correct office space for your business. Read on to discover more about them.

  • Identify the nature of your enterprise

Your office space should complement the type of business that you are running. It should first of all accommodate your employees and technical equipment. It should also contain the infrastructure required for the smooth operation of your enterprise. For example, if your enterprise is in the field of Information Technology (IT), you require an office space that has the necessary infrastructure for operating computers, manipulating the support equipment and also space for your employees to work alongside these devices. As such, begin by understanding the nature and requirements of your business. Having done so, you can proceed to pick an ideal office space. If your business is dynamic, you may even be interested in some virtual office services in the UK.

  • Perform research on pricing

The realtor who provides you with some office space has an objective of getting you to pay as much money as possible. As such, they are likely to quote a price that is much higher than the industry average. Paying this cost puts you at an economic disadvantage. Therefore, make sure that you perform all the necessary research before you pay for some office space. Have a look at the various buildings in the area where you hope to rent and identify how much they charge for the space. While doing so, examine the lease contracts so as to identify any charges that may be hidden in the fine print.

  • The size of the office

While picking an office space, it is always ideal for you to pick some premises that is larger than you currently require. This enables you to have some space that you can utilize whenever you need to scale up the enterprise. The objective of a business is to grow over time. Therefore, you need to have the space that will accommodate your growth. You can refer to research or consult a mentor in your field of business to guide you on the right size of office to pick.

The location that you pick is a very important element to consider as you search for some office space. It strategically affects the chances of success for your enterprise. This is because it determines the built infrastructure, accessibility by clients, overall security and amounts in utility and rent that you will pay. Therefore, make sure to follow the above guidelines as you pick some office space. They can help you to achieve success in your endeavor and pick a profitable, long-lasting office space.


Female finance executives are breaking all barriers – What you should know about them

Image source Pixabay

Contributed by Linda.

As per the 2017 World Economic Forum and their Global Gender Gap Report, it has been found out that female talent has been seen to be the most underutilized resources in the business sector. Particularly in industries like finance, this is even clearer. As the career level increases in the financial industry, the numbers of female representatives keep declining. Though it is a fact that 48% of the financial employees are female but sadly at the executive level, the figure is just 15%.

There are several women all over the world who are breaking all barriers while playing the roles of financial executives. Few people interviewed 7 such women who belonged to the Forbes Finance Council and they chose to take a look at their experiences and provided some valuable advice to others. Here are few things you should know about them.

#1: The gender gap is both an opportunity and a challenge

There isn’t any secret that the finance industry is entirely dominated by the male population. The finance industry is an ‘old-boys club’ and majority of the men have entered this industry because their college alumni or their father belonged to this industry. This is why women find it hard to break into this industry because there were never too many women who belonged to this periphery. One of the biggest professional challenges has been to break the mold of having a middle-aged man to earn some credibility but when you have the perfect outlook; all challenges will seem to be an opportunity.

#2: Finance is more than just money

Among the women who were interviewed, making a career in finance is not just paying your bills. The ultimate factor is in making the difference so that you can be differentiated in whatever you do and you’re not compared to a man. The financial leaders usually do whatever they want as their jobs affect the individuals in a positive note. This is the kind of support system which is needed and there are 3 quarters of Americans who find it extremely difficult to save money.

#3: A finance professional always keep learning

Besides altruism, the women also reported stimulation of their intellect as the main motivating factor in their careers. They also claimed that the financial markets are impacted by almost everything from politics to climate change and no two days seem to be alike in this market. The women who are interested in shaping their finance career should have broader understanding of the functions which are available. This way they can move down the path which intrigues them most.



#4: Women are the future of finance

Women these days aren’t happy to live with the status quo. They’re all finding their own business and they’re engaging in supporting brand new initiatives which can develop the business culture which works perfectly for them. With the popularity of fintech, both the fintech companies and financial institutions were all embracing the new narratives.

Therefore, if you’re a woman who is interested in the field of finance, you should learn the above listed things from the women who are involved in the financial industry.

 


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