Running an Efficient Life

time is moneyWhen you are in the game of finance, you need to focus on every bit of energy you are expending. Maximizing the use of your time will directly impact your earning potential. When you aren’t respecting your time, you are lowering your earning potential. As the old saying goes, “Time is money.”

Find ways to make your life more efficient and you will find yourself increasing your earning potential tremendously. Work commute got you losing 30 minutes every day? Start listening to audio tapes or making conference calls on your way to work. The time you spend listening to audio tapes will pay off in increased knowledge that you can apply at the work place. If you decide to make conference calls for work, you can get some of the early morning networking out of the way so that you can get to work tackling the day’s projects all the sooner. At the least, use that time to stay in touch with your loved ones so that you can focus once you arrive at work.

When you are at home, you need to run your house more efficiently, too. Instead of spending valuable time every day driving to a grocery store, have your food delivered to your home. By spending a few minutes, you can set up a recurring order through Peapod. If a recurring order doesn’t sit well with you because you like diversity (it is the spice of life), one-time orders are just as easy to submit. With a fast ordering system, you will be saving hours every week. Rather than walking around in circles in a grocery store, relax in the comfort of your own home or place your orders while on the subway home from work.

Efficiency is incredibly important if you are to be successful in the world of finance. You need to find ways to streamline every system you can, and then you will find success pouring in.

4 Scenarios When You MUST Hire A Lawyer

law & attorneyThere is no doubt that there are negatives to hiring a lawyer. For one thing, they are very expensive. It is issues like this that make people believe they don’t need help when they are facing legal trouble. However, it is also this kind of thinking that gets those people into even more trouble. Lawyers are an essential part of your defense if you are going through legal proceedings because of their skill and knowledge. Below are the four scenarios when you need the more than most. If you ever find yourself in one of these situations, make your first call to your attorney.

1. A Messy Divorce

If the divorce is amicable, there might not be any need for a lawyer. Although some people would disagree, you can see the logic. But, when the divorce is a messy and contracted affair, legal representation is essential. For starters, law firms like Manassa, Stassen & Vaclavek, P.C. know where to look to find any loopholes. Divorces are like wars, and some people will go to any lengths to get what they want. Remember that when the deal is finalized, it is legally binding. Plus, they also act as your go between. Talking or mediating may be impossible if you don’t have a lawyer to pass on messages and communicate.

2. Wrongful Termination Suit

Thousands of people go to court every year to fight a suit of wrongful termination. The sad fact is that employers will take advantage of your lack of knowledge. They will do things that they know they shouldn’t if they can get away with them. Obviously, your lack of knowledge is a hindrance. But, that is where an attorney comes in handy. A specialist should know the legal terms inside and out, so they should be able to build a good case. Without them, it is unlikely that you will get your job back or get compensation.

3. A Criminal Charge

No one likes to think about going through criminal proceedings. But, if you have to, you need to know where to turn. The first and only place is a top lawyer. Again, there knowledge and experience are vital to building a good case and getting you off. However, there are other issues where they excel. They also take the stress off your shoulders and help you through the process unscarred. The main reason you need one, though, is because this is the biggest moment of your life. Do you want that hanging on your shoulders for the rest of your life?

4. Wills & Trusts

It is a sad state of affairs, but wills and trusts bring out the worst in people. There are numerous instances where people have manipulated dying victims into changing their wills, and it still goes on today. All you want is to make sure that the will is legitimate and that it goes to the right people. If you have a third-party lawyer on the case, you can be pretty pleased with the outcome whatever happens.

The Advantages of High Yield Bonds

financial bonds detailsA high yield bond, also known as a junk bond, is one that has an inferior credit rating when compared to corporate, treasury, or municipal bonds. The greater amount of risk associated with these bonds, however, conversely result in a higher yield than most traditional bonds. The two leading rating agencies S&P and Moody’s rate these bonds lower than BBB and Baa respectively.

There are, however, several advantages to investing in high yield bonds. There are also techniques you can use to lower the risk attached with these bonds. Forming high yield mutual funds will reduce the loss that you will incur in the event that a company defaults. Some of the benefits of these junk bonds are:

Increase Your Income

The yield of junk bonds can actually far surpass those of the traditional government or corporate bonds or even certificates of deposit. There are two main reasons for this. The first is that the high yield bonds are generally considered ‘risky’. This unfortunate risk assessment means that companies with low credit ratings need another hook. This arrives in the form of higher interest rates on the money invested. Thus, in the event that the company does well, you will receive much more money than you invested. The second explanation is that these bonds have very little correlation to the traditional investment market. This way you can still make a profit even if the stock market’s performance declines.

Capital Growth

The advantage with investing in companies with poor credit ratings is that these ratings are not fixed. The improvement of the market, industry, or corporation that you have financed with, can usually affect the credit rating of the company. This means that the credit rating can go up. This would automatically result in the rise in the price of your high yield bond. This is known as capital appreciation. You can observe growth in your capital due to a number of reasons including improved reports, mergers, acquisitions, or other economy-related events.


Junk bonds may not be the safest asset to invest in. There are, however, still some ways that companies attempt to take the sting out of any defaults. For instance, it is a much better option to own bonds in a company than to be a shareholder in the same corporation. In the event a corporation is forced to liquidate, bondholders have a better claim to the capital structure of a company than stockholders. This means that they are more likely to receive payment. The discrepancy between the initial investment and the final payment is known as the ‘recovery rate’. The assets of a deteriorating company will be first divided among the bondholders before the shareholders. Even investors who hold bonds with a very low rating are more likely to be reimbursed than the average stockholder.

High yield bonds may be a more volatile investment than more traditional investments, but their considerable income yield may be well worth the risk. Furthermore, there are many ways that you can negate these risks with high interest rates and mutual funds. This ensures that your venture is a little more reliable.

5 Different Types of Loan to Know About

loan typesThere are many different types of loan out there. So, if you’re thinking about borrowing money, here are the forms of loan you should know about.

1. Credit

Lines of credit allow you to borrow money up a maximum allowable balance. This limit starts again at the beginning of each month so that you can keep borrowing and paying off the debt continually. Obviously, there are minimums and interest to take into consideration. They work in a similar way to credit cards, and they are another thing you can consider. Credit is quite cheap right now, so many people are turning to it rather than taking out a loan that is a little more long-term. It’s a sensible move.

2. Business Loans

Small loans for entrepreneurs help them to get their first foot on the ladder in the world of business. This is the kind of financial boost that people really need when they are trying to start a business of their own. And can be pretty much impossible to do this unless you have the money to start out in the first place. Building a business on debt is never the ideal scenario, but for many people, it’s the only option out there. If you can get one that only covers your needs and has a good interest rate, they can be very useful.

3. Personal Loans

A personal loan is the most common and conventional form of loan out there. They can be used to make improvements to the house, buy a new car or do whatever you want to do. These are usually done by visiting your local bank and discussing things with them. The bank manager will want to know about what kind of thing you will use the money for. And your credit history will obviously be taken into consideration before a loan is given to you. It’s a safe way to borrow relatively small amounts of money.

4. Payday Loans

Payday loans have gotten a pretty bad reputation over the years. And some of that is justified. If people don’t read the small print and the facts are not presented to them clearly, they can get in a big mess. But that doesn’t mean that they have no use at all. They should be used very responsibly by lenders and borrowers alike. And if that’s the case, they can be great ways to make short-term payments while you are waiting for your pay to arrive. And as soon as it does arrive, pay back that debt. Go to to find out more.

5. Mortgages

Buying a home is one of the biggest steps most of us ever take in life. There are not many bigger purchases that any of us will make in our lives than this one. A mortgage covers the cost of buying your home for people, like most of us, who can’t afford to buy their home outright. The mortgage is long-term, and it is paid back over the course of decades in most cases. They are secure loans, meaning that the collateral is the home that you are living in. If you can’t make repayments, it can be repossessed. Visit to find out more.

Financial Obligations You’ll Encounter in Life

financial obstructionsIn your life, you’re going to encounter a lot of financial obligations. And it’s important to understand what these are so you can prepare for them. Money is a very important part of life, and you need to be sure you are on top of your finances. Have a look at these ideas and use them to help you understand some of the obligations you can expect to encounter.

Buying a Home

Eventually, you will get to a point in your life where you’re deciding to branch out on your own. And you might be thinking about buying a home. This is the biggest financial obligation most people will face in life. So you need to understand how the process works and what costs are involved. You’ll need to get down payment assistance, and consult a lawyer or financial advisor. If you’re a couple then you should combine your incomes as much as you can. This will help you get a better home and a better rate for your mortgage.

Life Insurance

You need to think about the future these days and consider what might happen to you. It’s important to think about taking care of your family for the foreseeable future. That means you need to think about what might happen in the event of your death. That’s why life insurance is one of the most essential financial obligations you’ll encounter. You might not have life insurance, or you might be weighing up the possibility of getting it. It would be advisable to have some sort of life insurance premium because you never know what might happen to you.

Making Ends Meet

Of course, on top of these things there are just basic everyday financial obligations. These days, making ends meet can cost you more than you might think. So, you’ve got to make sure you always have enough money saved up to live from month to month. You might be surprised how difficult it can work out to do this. Try to come up with a breakdown of living costs so you know how much you’re going to need to spend each month. These are vital costs and will play an instrumental role in getting your life in order.

Starting a Business

Another expense you might encounter will be starting your own business. Running a business from home has become a popular career path for millions these days. And you need to make sure you are certain it’s the right path for you. If you want to start your own business you’re going to need to have some capital behind you. You might elect to do this yourself, or take out a loan. Either way, this is going to be a big financial commitment. So you need to make sure you take it seriously and start looking at saving money where you can.

There are so many financial obligations you’re going to need to deal with in your life. And that’s why it’s important to be frugal and sensible with your cash. You need to be able to budget, save and invest at different points throughout your life. So, you need to consider the different obligations you’ll face in life and start taking steps to deal with them.