What Is Investing?

Investing is putting in some money into a venture with prospects of profitability. The investments ought to give some returns in terms of dividends or profits share. There are numerous investment opportunities but the most common is investing in shares and bonds of well performing companies and states.

When you’re fresh out of college, planning for your financial future may mean brown-bagging your lunch so you can afford to go out to dinner with your friends. But after a few years of living paycheck-to-paycheck, you might be pleasantly surprised to see that your checking account balance is actually growing month by month. So what should you do with that extra $100 or $500? You could buy a Nintendo Wii, pick up the new iPhone, or you could invest your money.

Investing doesn’t have to be scary. And it’s not just for people with thousands of dollars in spare cash. In fact, the earlier you start investing, the more you can take advantage of the miracle of compound interest. The little you can start investing now could reap huge rewards 30 years down the line. Every good plan starts with a clear statement of goals. Where do you want to be in five years, 10 years or even 50 years? If you know what you want, a solid investment plan will help you get there.

Sourced from: http://money.howstuffworks.com/personal-finance/financial-planning/how-to-start-investing.htm

Is It Profitable To Lease An Apartment For A Growing Business?

Many are the times when growth in businesses causes a lot of stress to the owners. To get adequate space for your business growth, you ought to buy an apartment, build one or lease one. You can do the arithmetic and determine which option is the best for your business depending on the rate of expansion and future plans.

If you buy a damaged or out-of-date home, you could spend a significant amount to make it “rentable.” Any damage to the foundation, plumbing, or wiring can cost thousands of dollars to repair. But even if you buy a property in good condition, you may still have to make changes to get it up to code. This is because many states have strict requirements for rental properties that will need to be met before you start renting.

In addition to remodeling, being in compliance with these standards can significantly increase start-up costs. For example, let’s say you purchase a recently built duplex that was previously owner-occupied. Your state’s landlord and tenant laws require that you add safety features to the property before you advertise for tenants.

Sourced from: http://www.moneycrashers.com/five-issues-with-buying-rental-property-and-becoming-a-landlord/

Why You Need A Personal Savings Account

In the current state of affairs, every person ought to have a personal account where they will keep their savings. This means that they will have an opportunity to spend the money they have saved in a project of their own which will bring about personal growth and establishment. Read more on personal banking here

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A savings account may sound plain vanilla, but they come in many different flavors.

So when choosing a place to stash your savings, it pays to shop around. Fees, minimum balances and interest rates vary widely — and nearly all of the 14,000-plus U.S. banks and credit unions offer these accounts, according to a report released last year by the Consumer Federation of America.

In a low-interest world where yields rarely exceed 0.05 percent, every little bit of interest helps, according to Bankrate.com. That low yield may be one reason the U.S. savings rate is still low — a measly 3.9 percent in December, according to the Federal Reserve Bank of St. Louis.

Yet, savings accounts are essential ways to fund unexpected expenses like dental bills or car repairs, the Consumer Federation report says. So, any savings feature that helps you save more money is a must-have, says Kelley Long, a member of the National CPA Financial Literacy Commission under the American Institute of CPAs, or AICPA.

She counsels savers to start with small amounts of money, say $20, and increase the amount by $5 every three months. The rule of thumb is to save 10 percent of your income, she says.

Sourced from: http://www.bankrate.com/finance/savings/tips-on-finding-the-best-savings-account.aspx