Eight Tips For Launching Your Real Estate Investing Career

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Eight Tips for Getting Started in Real Estate Investing

Introduction

This article is just the basics for getting started in real estate investing. This is not a how to article but an article that gives you some information about things to do to get started. Everything in this article is tools that can be applied to helping anyone get started in real estate investing. I am going to give you my eight keys to getting started. Nothing is right or wrong but reflects the point of view of the author. Laws and legal practices vary from state to state, and laws can change over time. The author does not vouch for the legality of his opinions, nor is there any intention to supply legal advice. The author strongly encourages the reader to consult with professionals and an attorney prior to entering in any real estate transaction or contract. The author is not a writer but he is a real estate investor. There will be grammar mistakes and errors, so do not be too critical of the grammar but focus your energy on what is being said. With that said prepare yourself to think a little differently and expand your mind. Let's get started on an amazing adventure.

The Eight Tips are as follows

1. Desire
2. Goal Setting
3. Learning What To Do
4. Attending a Real Estate Investing Seminar
5. The Billings Montana Market
6. Finding a Mentor
7. Your Real Estate Team
8. Just Do IT

1. Desire

Before we get in to the bolts and nails of real estate investing in I want to talk to you about desire. If you are going to be successful at anything in life including real estate investing you have to have the desire to do it. Desire is defined as longing or craving, as for something that brings satisfaction or enjoyment. Desire stresses the strength of feeling and often imposes strong intention or aim. In real estate investing if you do not have a desire to learn and grow as a human being and really get satisfaction out of it, then real estate investing is going to be hard to do. When I go out and look at a property it brings me a lot of enjoyment. Every aspect brings me joy from talking to home owners, figuring out how I can make a deal work, to buying the house and to finding a good home owner or tenant for the house. Real estate investing may not be for everyone but real estate investing can offer anyone the financial freedom we all crave for. If you do not have the desire for real estate investing that is ok, it can still help you to live your dreams and help you to get where you want to go in the future.

Why is real estate investing an amazing avenue for anyone to live out all of their dreams? Let me ask you a few questions. Do you have enough money to do anything you want? Do you have everything you want? No debt? A nice house? Great Marriage? The freedom to do anything regardless of how much costs and the time it takes? If you have all of these things then you are one of the few people in America who does. Most people may be working fifty hours a week and making just enough to pay their bills. In today's day and age most people are living pay check to pay check never really knowing if they will make enough to pay the bills that just keep piling up. If you can not keep up with your monthly bills how are you going to plan for retirement or send your kids to college or have time to enjoy life. The answer to all of these questions is becoming financially free. Now it's not going to be easy everyone will have to get off the couch and out of their comfort zone. Real estate is proven to be one of the fastest ways to get your out of the rat race of the nine to five and begin living the life you deserve to live. Everyone wants something different out of their life. Some dream of traveling the world, spending more time with family, volunteering, golfing, laying on a beach, giving back to the community, or anything that will make them happy. There are thousands of things that make people happy.

Making it in real estate takes a person who has a strong desire to change their lives for the better and think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. The people that make it in real estate investing all have a few things in common. First they run their real estate investing business like any other business out there. Second they get out there and network with anyone and everyone. Some people might be like me and have a hard time talking to other people. If you are that is ok, anyone can learn how to become a people person, it just takes hard daily work. You have to push yourself past your comfort zone. The third thing is that you can not be afraid to fail. Everyone has failed at something but the most successful people out their learn from their failures. The fourth thing is that you have to put a good team together. I will go into putting a team together in a later chapter. The concept of putting a team together is so that when you do not know something you have team members that know what to do and can help you with questions. The can also make sure that you are not working yourself to death. You do not want to be the person doing everything in your business. Doing everything is a receiver for failure. You have to put together good people who you can trust and rely on. The fifth thing is that you need a mentor. Sixth and final is the desire to do it. No one can become successful at something if they do not want to do it and do not get satisfaction out of what they are doing.

2. Setting Goals

Having goals is one of the most important aspects of achieving what you want in life. You do not want to just have your goals up in your head you want to write them down and past what you have written on the wall somewhere or in the bathroom mirror. You want to review your goals daily and read them out loud to yourself. This way you remind yourself everyday why you are building your business.

How should you start to write down you goals? First off you should think big, and by big I mean HUGE. If your goals are too small you will easily achieve them and have nothing else to look forward too. You should start off by asking yourself the question if I had all the money and time in the world what I would do, what would I buy, how would I spend my time, and how would I spend my energy. Are you starting to write these down? Well you should be. Think about what you want, spending time with family, traveling the world, the best cars, a castle, owning a small country, running for president, having the largest real estate investing business in your area or in the country. Whatever your dreams and what you want out of your life, write it down. Some of my goals are becoming free, traveling the world, having a Ferrari, having 10 vacation homes all over the world. Right now I am just trying to get you out of your comfort zone of thinking and let your imagination run.

There are several ways to set goals. I have learned a lot of ways you can set you goals and there is no right or wrong way. The best ways that I have found to set your goals is to break them up into two categories. First your short term goals. This should be goals from a month out to around a year. The second is your long term goals these goals are you think big goals and what you see for your future.

For year one I like to first make a list of what I want to achieve this year and I will give you an example of how to do that. For year one you want to be very specific first you want to list what you want your income to be at the end of the year, next how much cash in the bank you want (this is money in your checking account, not assets). Next you want to list how much you are going to give. Giving is a very important, this can be giving to charity, giving of gifts to friends and family, giving to your school or anything you can dream of. As long as what you give blessings joy to others who need it more than you. Next list what bad habits you have that you want to eliminate. Weather is being quitting smoking, spending too much on junk, drinking too much, working too much, not spending enough time with family, too much TV, not exercising and many more. We all have bad habits that need to be changed in order for use to grow as human beings. Under each of these bad habits list out some steps that you can take in order to quit them. If you bad habit is being lazy and not exercising enough what can you do to change that. Well you can get a gym membership or a home work out program. Commit yourself you following through with a plan to work out 3-5 days a week. For you to change these bad habits you have to be totally committed and follow through with a detailed plan you set for yourself. After you have your plans in place you should start listing several things you want to achieve or do in the next year. This can be start a successful business, spend time with family, travel to 2-5 places and so on. Now under each of these you should also write a detailed plan on what you need and what you need to do in order to achieve these goals. Finally you should take all of this information you have a write on page on what you see your life being over the next year. Doing this is a great exercise to really see what you want out of life.

Goals Year One

This is what I am going to Do This Year
Income: $ 500,000
Cash: $ 100,000
Give: $ 20,000

Bad Habits that will be changes:

Over Sleeping 1. Go to bed at 11 pm 2. Use a timer and set it for 8 hours 3. Set the timer on the other side of the room

Buying things that you do not need: 1. Going out shopping less 2. If you have the urge to buy something think to yourself is something item going to help me to achieve my goals of becoming financially free? 3. Tell friends what you are doing, so they can help to stop you.

What I want to Achieve:

Start a successful Real Estate Investing Business: (you should write a detailed step by step plan of everything you need in order to achieve your goal)

Travel: Where do I want to visit? 1. Gators football game (what I need to do it, money, etc)

And last your own page about what you want to achieve using words like I will and only positive words.

For long term goals you do not need to be as specific right now, but you should list them and under them list a few steps or smaller goals that need to be achieved before you are able to achieve them. With the long term goals always think big. Another good exercise for long term goals is to make a collage of you goals. Put pictures of the house you want on it, places you want to travel, a picture of your family, a number of what income you want in or anything you can think of.

3. Learn

Knowledge builds confidence and destroys fear. If you are starting any kind of business you need to learn the ins and outs of that business. The best way I have found to learn about real estate investing is to read all about it. But once you know it you have to apply what you have learned. Learning and reading is just one step to take. There are thousands of books on the market about real estate investing and everyone has something you can learn from. You do not just want to read real estate investing books though. You also want to fill yourself with motivational and leadership books. Every successful person that I know if a reader and they all spend at least thirty minutes a day reading something that will teach them about improving their business or helping them to become a better person. Some of the best books that I would recommend reading are listed below.

1. Rich Dad Poor Dad by Robert Kiyosaki (read this first and also ready everything in the rick dad poor dad series, great books to start with and will expand you mind)
2. Be a Real Estate Millionaire by Dean Graziosi
3. Flip your way to financial freedom by Preston Ely (this is an E-Book)
4. Four hour work week by Timothy Ferriss
5. The Attractor Factor
6. Short Sale Pre-foreclosure Investing by Dwan Bent-twyford and Sharon Sestrepo
7. Keys to success, by Napoleon Hill
8. Think and Grow Rich by Napoleon Hill
9. How to win friends and influence people
10. Any Book by John C. Maxwell (he has tons of amazing leadership books)
11. Getting Started in Real Estate Day Trading by Larry Goins
12. The E Myth by Michael Gerber
13. How to be a quick turn real estate millionaire by Ron Legrand
14. The Power of Full Engagement
15. The It Factor
16. Anything by Anthony Robins

There are tons more you can read but these will give you a great start. You should also read books on negotiating, sales, motivation, and biographies on American business people.

I hope this list gives you the knowledge it has given me. If you learn and apply what you have learned from these books there is no reason that you should not become very successful.

4. Attend a Real Estate Investing Seminar

Attending a Real Estate Investing Seminar can be one of the best places to learn about real estate investing from some very well known experts. There are several seminars going on all over the country every weekend. If you live in a big city it will be very easy to find one. If you live in a town like Billings Montana you might need to travel a little ways to find one. Now most of the best meeting cost money to attend them. Some range from five hundred dollars for three days and some can be up to $ 20,000. There are a few that I would recommend. Than Merrill is a great speaker to go hear. I have learned a ton from him. You can find his company online by Google searching him. Also rich dad poor dad has seminaries all over the country. I attended one of their twins in Billings Montana for only $ 500 dollars and learned a ton from it. There is also Preston Ely, Larry Goins, and hundreds of speakers out there. If you find a great book that you really enjoyed, then just simple search for that person online and see if they are speaking somewhere or offer a seminar close to you.

Another reason I recommend going to a seminar is because they get pumped up and motivated. I have not yet found anything else that just gets you feeling like you can do anything. When you get back from one of these seminars you will have tons of energy and knowledge. Every time I get back from one all I want to do is going out and do a deal or ten.

These seminars will also provide you with several opportunities to purchase amazing real estate investing tools, software or learning material at a fraction of the cost. Believe me when I tell you all of the low priced seminaries try to sell you something. But a lot of times what they are trying to sell is some really good stuff.

Another reason to attend a seminar is to network with other investors and build relationships with them. You can meet other investors who you can partner with on a deal, sell a deal too, people who will provide you with deals and so on. You should have hundreds of business cards made up and try to give them all out. You never know how much one business card you hand out can make you.

5. Learn about the real estate market in your area

Most real estate investors start their career off my investing around where they live. This is why I do my real estate investing in Billings Montana. You can venture out when you have more experience. The reason behind this is because we feel more comfortable with the areas and know the areas better. It is also easier to get local real estate information that we need. Investing in your local market is also cheaper to start out, there is less travel costs, you can see what you are buying and it may give you a feeling a comfort.

First you have to decide which part of town is the best place to invest in. This can be determined by what kind of real estate investing you choose to do. I have not gone over the types of real estate investing but some include rehabbing (fixing up and selling), wholesaling (finding deals and selling them to other investors), buying to rent, and there are a few others. These are the real estate strategies that I use for the most part. When looking at the market you need to see where other investors are buying their homes. Most of the best deals will be found in low to middle class neighbors hoods. By low I do not mean drug infested war zones, what I mean is blue collar safe neighbor hoods that might have something older homes and homes that are not on the higher end price side. Now you can find deals in the higher priced neighbor hoods but most will be in the low to middle income neighborhoods. When looking where others are buying ask local realtors, other investors or appraisers.

When talking with investors ask them several questions such as what neighborhoods they prefer, what type of houses they buy (3 bed 2 bath), and what they do (rehab, rent, wholesale). You should not look at other investors as competition but try and work with them.

There are different types of markets such as appreciating markets, flat markets, and deprecating markets. Appreciating markets are markets that there is no enough homes or a very high demand for homes which causes the price of houses to go up. The reason there is a high demand for housing can be because of job growth, a very appealing area, or some reason. Flat markets are markets that have no or very little growth. This means that there is not a lot of demand; buy just enough to fill every ones needs. Depreciating markets are where there is a lot more houses than people to fill those house. This causes house prices to start going down. This can be due to a large employer leaving the area, a natural disaster or just over building. There is an old saying buy in a bust and sell in a boom. In depreciating markets you can pick up several deals, while in appreciating the house prices are going to be much higher and harder to find great deals. The deal will still be out there you just have to know where to find them.

Learning your market is another key to becoming successful. Real estate Brokers and experts in your area can be the best source of information for you. Learn to use them to find out what kind of market you are in. If you are in Billings Montana we are in a pretty stable market. Billings Montana has not seen the ups and downs that other markets have experienced. I will have to say that I have beenicing a little bit of a trend trend but not much. Once the first time home buyer credit is over with we might see a little more decline. Every market can vary by neighborhood, so make sure you know you market well. I have seen the same houses just one mile apart selling for totally different prices.

6. Find a Mentor

Having a mentor to help you can be your biggest learning experience. Mentors can help you with any questions you may have, walk you step by step through the investment process, give you moral support, you learn from their proven system, and also network you with others in the business. Every successful real estate investor that I know says they owe a lot of their success to the mentors they have and had in their lives. I have had one of the best mentors around, my father. He is teaching me something new every day and pushing me to become successful.

When trying to find a mentor I would suggest network with the investors at your local real estate investors club meeting. There is a real estate investing club in Billings Montana that meets once a month. You can find information about real estate investing clubs in your area by searching for REA or real estate investors club then your area in Google. When you go to the meetings ask around who the largest investors are. Then ask if you could get together with them sometime and discuss real estate investing. Ask them if they would consider working with you to get their career going. Offer your services as a bird dog. Bird dogs are people who go out find deals or leads about deals and give them to other investors. A bird dog gets from $ 500 to $ 3000 dollars depending on the deal. Make sure that you have a bird dog contract signed with the investors saying that if you find them and deal and they buy it that you get paid a certain amount of money. Being a bird dog helps you build credibility with the investor and they are more likely to mentor you if you have something to offer them. If you would like to contact me with a question go to my web site Big Sky Property Solutions LLC.

7. Your Real Estate Team

Building an effective team can make your life as a real estate investor a lot easier. You are only one person and can not do everything or be an expert in every aspect of real estate investing. Going at a project alone can become one of the most frustrating experiences you will ever encounter. Many people have become frustrated and quite real estate investing because they try and juggle too many things. Make sure that when putting a team together you provide everyone with win-win opportunities. When someone knows that working with you is going to make them money they will put you as a higher priority on their list. But you have to prove it to them that you are the real deal.
People to have on your real estate investing team include

o Real Estate Agents (find the top agent for volume of sales in your area and other agents who work with real estate investors)
o Real Estate appraisers (find an appraiser that has done a few hundred jobs or more and make sure they carry errors and omissions insurance)
o Real estate contractors (good rehab crews that can get the job done in a timely manner, have 3-5 crews and on every deal get 3 estimates done.) Ask for referrals from them and make sure they are licensed)
o Real estate attorneys (every investor needs an attorney, they can help to protect your assets, make sure you find one that works with investors)
o A property management company (can manage your properties and will give you leads on property they are managing that might come up for sale)
o Title companies (take care of the legal process and make sure there are no liens against the property you are buying, choose one that does hundreds of closings a year)
o Home inspectors (charge about $ 400 but will give you a great inspection and could save you thousands in the long run)
o And your Mentor

All of these people can help you in various aspects of real estate investing. You might find that there are a couple others that are keys to your business but this is just a list of a few.

8. Just Do it

There is no better phrase out there then JUST DO IT! Once you have learned all you can networked with investors in Billings and learned real estate investing strategies there is nothing left to do but get your feet wet. There is no better learning tool out there then doing a deal. Once you have completed that first deal you will know what to expect and find out that it is not as hard as you thought it would be. You will have learned what you did right and what was frustrating. Take that experience and ask yourself what would have made it run smoother. Apply that to your next deal. Then the next deal will be easier and it keeps getting easier as you go. I will say that every deal is different from the last but that what makes this business fun. You have to be creative and always keep on learning and growing with your business.

The average person never uses what they learn. Do not be average apply your knowledge. When going out and doing your first deal act like you have done 1000's of deals. The fastest way to change a habit is to act like it is true.

Five keys for success
1. Specialized Knowledge
2. Tools of a professional
3. Have the mindset of a winner
4. Mentors
5. Money and the knowledge of leveraging it (you do not have to have millions to invest in real estate, there are many strategies out there to use other people's money, or no money at all)

This is going to conclude this article about getting started in real estate investing. I hope this brave you some ideas about how you can get started. I did not give you any strategies at this point but look for some incoming articles. These are simple steps you can use to get started. If you read this article thank you for listening.

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Important Things to Consider When You Travel With Children

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Holidays are the best time in a child's life. After a hectic year at school, this is the time they enjoy relaxing. Parents should also plan some of their leaves well ahead knowing when their children will have holidays so that they can spend some quality time together. Also taking them traveling is a great idea. Traveling has great impact on children. They learn a lot on their journey. The different experiences make them wise beyond their years.

Here, whenever parents get a chance, they should take their children on a trip to experience new and exciting things. However, as exciting it is to children, it can be a little overwhelming for parents as they have to take care of a lot of things before and during the trip.

In order to make the trip memorable for the children as well as for you, you have to consider a few important things like

  1. Book Ahead – When you were just a couple without children, there was nothing to worry about, you could show up at the last minute and book a ticket to wherever you want. With children, however, it is not possible as children can get tired with long journey. If you have to wait for the next flight that will be after 8 hours or if you have to keep driving hunting for a lodge, you will end up getting tired and cranky kids. Here planning ahead is extremely important.
  2. Make a List – This is one of the most important things when you travel with kids. Before you pack, make a list of all the things that you might need when you travel. If you do not make a list, there are chances you can forget a few things like your phone charger, passports, hand sanitisers, emergency medicines, etc.
  3. Consider the Weather – Children are more vulnerable to adults when there is change of weather. Here it is important to consider the weather of the place you are visiting. Pack cloths accordingly. A child dressed comfortably for the weather will be the happiest.
  4. Bag full of Essentials – If you have a toddler, you must have a separate essential bag that contains all the important things like their nappies, wet wipes, medicines, Band-Aids, thermometer, torch, pacifier, etc. so that you know that all the important stuff is at one place.
  5. Apps – Yes children-friendly apps are great while traveling, so that your baby is busy playing. A device loaded with games and other apps is compact and saves you enough space while also keep your child interested.
  6. Child Locator – Children are curious and however much you keep an eye on them, they tend to wander away, and if it is a crowded place, you might get all panicky. Here why take advantage of the modern technology and invest in a good child locator. It will put your mind at ease. It's a small unit that the child can wear on a belt or shoe and the transmitter will be with you. If you need to find him, set off the alarm and follow the sound.
  7. Let them Have the List – Always write an important list of phone numbers and your address and keep it in the pockets of all the cloths of your child. In case s / he is lost, it can be accessible to them. You should inform them not to lose it. Also you can write your cell phone number on their arm when you travel, so that someone can help call you if your child is lost.

I hope these tips will help you in your future travel along with your children.

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Benefits of Online Auto Insurance Quotes

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Nowadays, getting auto insurance quotes online is the highly recommended way for your car insurance coverage, as doing things online is always easy, quick, and simple. Gone are the days when people would search the yellow pages and telephone directories for hours to find the details of a suitable car insurance company. Today, with the advent of the Internet, you can get an auto insurance quote within seconds.

Advantages Of Online Quotes Auto Insurance

You get 24 x 7 online service for getting the best quotes insurance. They are available on the Internet, even if you search for them at odd hours. Due to fiery competition among car insurance companies, many of them offer you free quotes at any time of the day.

You can save the time and money that would otherwise be spent on searching good auto insurance companies and visiting them to get quotes. If you have an internet connection, then it is possible to get several competitive quotes within the confines of your home or office.

People find it easy to decide the best coverage offered by a company by surfing several company websites for choosing the one that better suits their needs. They also get access to thousands of customer opinions.

When you call an insurance agent for getting a quote, you may end up saying something wrong that affects your insurance quote. This never happens online, as you can take your own time to fill out the form.

It is possible to compare auto insurance on the Internet. Quote comparison is considered the best way of getting the right and the best insurance policy. When you properly use the quote comparison, you can take full advantage of the chosen coverage and pay lower price for the insurance. In short, comparison is for getting the best coverage at an affordable price.

Step-By-Step Guide To Get Online Insurance Quotes Auto

If you are familiar with the quotes of auto insurance and how to get them online, then it is easy for you to get the best quote within a few hours of browsing. Here is some basic information about getting a car insurance quote online.

1. Using a search engine, find a company located in your area, offering you the type of insurance coverage you are looking for.

2. Visit each site and check out the coverage offered. You need to fill out some basic information, such as name, contact number, e-mail, and home address. The questionnaire also asks you for the model name and manufactured year of the car you own and the number of people you want to be insured.

3. Make sure to select all the security and safety information of the car from the drop down menu in the form. Also provide the requested information about your employment and housing status.

4. Some companies may ask you about the details of criminal offsets, traffic violations, or convictions filed against you, if any. This is probably the last step of the simple process.

5. Once you click submit, you will get an estimated car insurance quote.

Getting an auto insurance quote has become a very simple process, with the availability of free quotes offered by online car insurance companies. Getting quotes on the internet has several advantages over the traditional way of getting quotes. Make use of the quote comparison facility to choose the best insurance coverage.

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How to Make Money Fast by Retrieving and Returning Shopping Carts

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Are you looking for a way to make money fast? If you have a large utility vehicle, like a pick-up truck, you can retrieve and return shopping carts for a cash reward.

Most every mid to large retail grocery, variety and department store has a stock of shopping carts on hand. They are purchased by the store, of course, so that customers can use them when shopping in their store.

Shopping buggies are expensive. The average cost to the retailer for just one is between 75 and 100 dollars. Large ones like the kind you find at wholesale and club stores can run up for 200 dollars or more.

Most retail stores have dozens of them; busy big-box stores may even have hundreds of them. Purchasing sufficient of them to meet a store's demand and traffic levels requires a significant expenditure of cash.

It is, therefore, in the best interest of the retailer to protect that investment. Most retailers do their best to make sure that carts remain on store property. However, shopping buggy theft is all too common. The average store loses about $ 8,000 $ 10,000 to per year to this problem.

Because they are so expensive to buy, many store owners and retail companies pay cash rewards for the return of their carts which have been stolen (or "borrowed") and not returned. Cash rewards typically range from 25 to 50 dollars per cart.

Here's how you can retrieve and return those buggies for cash: contact retailers in your area which have shopping carts. Find out if they pay for returned carts. Many do, but will not give cash rewards to just anyone. (Store owners do not want the public to abuse the reward system by stealing carts themselves in order to get the reward.) Usually you have to sign a cash-for-return contract.

You'll have to provide some forms of identification, usually a driver's license plus one other item (like a Social Security or credit card). You may have to sign a waiver absolving the store of liability in the event of something unforeseen.

You can make arrangements with any or all of the retailers in your area. The more contracts you have, the more money you can make.

If you've lived in your city for any length of time, you've probably seen common dump sites for stolen shopping buggies. Visit these areas regularly. Additionally, get in the habit of keeping your eyes open every time you're out and about town. You'll probably spot discarded shopping carts regularly. You can pick these up and return them as you come across them, or store them at home until you have several of them.

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Six Key Objectives of Life Insurance

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There are many reasons why anyone should seriously consider the importance of a Life Insurance policy. This is due to the fact that they may change the life for you and your immediate family for an extended period of time with sound insurance planning.

1. As Income Replacement

In the event of your death, your family will lose their financial support especially if you are the major bread-winner of the family. When you die, you lose the wages as well as the retirement savings contributions which you would get. he role of the life insurance here serves as an income replacement which would get your family to move on with their lives without any financial stress.

2.House mortgage and Debt payoff

Life insurance can be applied to pay off your mortgages, credit card debts or any other types of debts , which will definitely become a burden for your family if you have no plan to settle them after you are gone.

3. Children Education fees

If you have children who will be in college in the next 10-20 years, then planning on how you can leverage Life insurance coverage for part of your children’s education needs, or all of them are essential. Bear in mind that education is very crucial for anyone in this society. It is the one last thing which you should help your children with if while you still can.

4. Emergency Fund

Emergencies include health and medical expenses, layoffs, retrenchments which are not planned. Life insurance is definitely a great savior here in time of emergencies and critical situation

5. Charitable Giving

If you don’t have any family or any debt obligation, you can always use your permanent life insurance for some great means of yours such as charitable giving. Identify those charity organizations which you would like to make contributions to and identify them as your beneficiaries.

6. Final Expenses for yourself

These can be those final expenses which need to be taken care of even after you are gone from this world. Such as the charges for your funeral and Burial arrangement, your large medical or nursing home bills during the last 2-3 months of your life if you are dying with serious illness. Life insurance is a fine candidate as far as these unexpected bills is concerned.

Whatever your main objectives are for those life insurance plans that you currently have, we are sure that they will bring you the financial security and peace of mind which you are looking forward for. Thus make sure you assess your insurance policy seriously and make sure they are adequate to cover what you need.

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How to Run Your Own Business

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To start and Run your own business is a rewarding but demanding career and life choice. Starting your own business is empowering because it puts you back in control of both your work and your life in general. Owning your own business is a dream for so many people, and surely, you'll have the chance of making a lot more money.

Operating a business from home has some indisputable perks, such as, greater freedom and flexible hours, better balance between work family and life, lower start up and running costs, you can start your business part time working your existing job less, less travel and transport hassles.

To reap all the rewards in the future, you can start a home based business part time and give it time to grow with little risk and severe possibilities. From franchising, Direct Selling to Online businesses, there are large variety of opportunities to choose from, when you want to make the transition from working for a paycheck to creating wealth.

Now, even though you probably want your business up and producing tomorrow (if not yesterday), you need to give yourself time to learn the routes, and take advantage of the support networks at your disposal. Done right, you may find that working from home is the best career decision you ever made.

Fresh statistics shows that more than 50% of young women now want to be entrepreneurs. For all young people it's 53% who want to work for themselves. If we look at the whole population, the figure is as high as 70%. For one reason or another the majority of these individuals will never act on their dream, instead they will continue working their traditional jobs and dream the dream.

Once you've decided that starting a business is right for you, your next step of preparation will be to decide what kind of business you want to start. It will be well worth your time to give this a real thought. Think about it, what if you start a similar business as your current work, well then you'll soon be back in the same wheel tracks. But what if you could work with something you really enjoy doing, how would your life feel?

There are many useful resources available that will help you to evaluate if running your own business is for you, and if so, how to go about it. Choosing to run your own business is a big step that you should not take lightly. Now, if it feels right, do not wait for the right timing, just go for it.

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The Many Holidays of the Holiday Season

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Do not we all love a good holiday? Get away and relax. Here are a few tips for you when picking your next holiday as there are so many available and the competition for your hard earned cash is getting tougher.

Think about your destination. For example do you want to leave the country and head for somewhere sunny, or just stay in the UK . Think about the time it will take to travel and the effect it may have on your party. If you have children or pets then you may want to make it a couple of hours from home. If you do not mind the long haul then it will broaden your search.

What about the budget. Times are tight and think realistically about what you are prepared to spend. Factor in spending money, meals, new clothes, travel costs such as getting to the airport and emergencies. It can be more expensive than you realize when you add it all up. Although your holiday is important make sure you will have enough money left at the end of your journey to live before you get paid next!

Think about who is going. Do you have a large family with varying needs, or are you a couple? Does anyone in your party have special needs or requests such as a special diet? Do you want to take your dog on holiday ? Will the kids need entertainment on an evening? Think about it carefully and make a list of the 'must have' items that you can not do without.

Shop around. Look on the internet for the latest deals, consider how long it is until your planned holiday. If you are not going for a while – and you can stand the delay you may want to wait and get a last minute deal. However if you have a long list of needs when traveling then you may want to book in advance and be sure in the knowledge that your holiday is sorted out. Do not forget the high street. You can get some really good friendly holiday advice from your local travel agent. They are more likely to have the most up to date information, be able to give you their personal experiences and they have the personal touch if you have problems that need sorting out.

Lastly, make sure that if you book a package that the tour operator is ABTA registered so if they go bust then you can get your cash back. Another way is to pay by credit card as you get insurance from your credit card provider.

I hope you found this information useful, I have a dog friendly accommodation directory that has lots of UK places to stay if you specifically want to take your dog with you. Thank you for reading this article.

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Personal Budget – 7 Guidelines That Will Help You Plan a Working Budget

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Setting up your personal budget requires a hands-on approach. The following guidelines will help you plan a working budget to undertake this journey.

1. Gather all your financial details. That will include all of your bank accounts, credit cards and insurances papers – anything to do with your personal finances. These details will be needed to start your budget.

2. List all sources of income. This includes salary, rental income and regular disputes and interest.

3. Categorize your expenses starting with your commitments – list each item under headings such as:

  • Home: mortgage or rent.
  • Association and professional fees.
  • Insurance: health, motor vehicle, home, contents and life
  • Education costs
  • Day care and child care
  • Loans: car loan, student loan, bank fees and interest
  • Land tax or rates.
  • Other payments required as a commitment: motor vehicle licensing.
  • Investment – yes commit to your future and pay yourself!

4. List necessities – again list each item under headings:

  • Food, groceries, gas (petrol), home maintenance, security.
  • Utilities: gas, water, electricity, rubbish disposal, phone costs
  • School lunches, household supplies, car maintenance, internet service, dry cleaning, monthly parking.

5. Other expenses. Personal everyday expenses covering: lunch at work, snacks, coffee, drinks, newspapers, magazines, batteries, postage. Family and personal allowances: parties, entertainment, weekend outings, movies, concerts, other entertainment and events, home improvements and decorating, magazine and other subscriptions, dining out and fast food. Also include: clothing, hobbies, personal recreation, books, CD's, manicures, hair care, alterations, shoe repair, personal and family gifts, gardening, film processing, video rentals, sports and gym, donations, computer software and other related items.

6. Once you have all your expenses listed add the total expenses and deduct these from your income. You will need to convert everything to monthly or weekly. This means that bills that are paid once a year must be divided by 12 to get the monthly figure. Convert quarterly payments to an annual figure then convert this to monthly. It is important that you include bills that are paid other than monthly to ensure that the money is available when the bill is due. Place the money in an interest bearing account.

7. Do you need to tweak your budget? When you deducted the expenses from your income was there any money left or did you find your expenses were more than your income? If your situation is the latter you will need to do some tweaking. The commitments can not change. As for necessities you may be able to cut down on food expenses and find cheaper providers of utilities or try to save costs by being conscious of switching off lights etc. But it is the other expenses category that has the most capacity for tweaking as many of them are not needed and can be reduced or cut out. Review your budget regularly to make sure it is still working for you.

The time to start a personal budget is now and these guidelines are designed to make sure that your budget is really a working budget – one that works for you!

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Truckers Need Commercial Truck Insurance

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If you are driving a commercial vehicle, especially a semi-truck, then you need commercial truck insurance to protect yourself and your rig from personal injury attorneys and lawsuits. This also applies to business owners who own a vehicle that is rented, leased, or used by more than one person.

Generally, most policies will cover your medical bills and expenses, should you get in a wreck. This is not to be underestimated with the current price of healthcare and the grave nature of most automobile accidents when traveling even at a minimum speed.

Your policy should cover underinsured and uninsured motorists. If you get in a wreck and the party at fault has no insurance or does not have enough insurance to cover the damages done to you or your truck, then your insurance company should be there to cover the rest.

It should also cover your motor cargo. This aspect is extremely important if you are transporting something that is highly valuable. This could just about anything, but you do not want to be on the hook for the price of your cargo due to an auto accident.

Make sure your commercial truck insurance covers you on bodily injury, property damage, and liability. If you are not covered by an insurance company, you could have taken to court and forced to pay the damages or medical bills out of your own pocket.

Do not forget to ensure that you have automated damage insurance by way of collision, theft, fire, or other type of damage to the vehicle. Beside medical bills, auto repairs are probably the second most expensive thing that insurance can cover for you. Do not get stuck paying for repairs to your rig out of your own pocket and make sure your policy has covered you.

There are plenty of standard options as well as custom policies. Let's look at some of the standard packages. Business interruption coverage will protect you or your company from lost wages after a covered loss.

Umbrella coverage provides the customer with a much higher liability limit than your average primary commercial truck insurance policies.

Tool and equipment coverage will protect your tools and equipment that are stored in company vehicles. This goes hand in hand with cargo insurance, which makes sure that your manifest is insured in transport or in storage, so you can rest assured that your product is safe.

Driving without insurance is illegal in the United States, and driving a commercial truck without commercial truck insurance is just stupid. Keep yourself protected and get in touch with your local insurance agent.

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Employment Practices Liability Insurance, (EPLI)

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Employment Practices Liability Insurance, (EPLI)

This policy covers the insured entity and can cover the directors and officers if it is approved as such, and its employees from liability that arises out of employment practices . The liability exposures from employment practices usually come in the areas of wrong termination , discrimination , and sexual harassment and / or harassment in general. An employment practices act typically can mean an actual act or an injured act.

There are many other employment actions that can lead to employment practices liability claims. Not all policies and coverage are the same so you as the client need to be careful in making sure you have the coverage that you are seeking.

Some of the other common wrongful actions are :

  • a breach of a written or oral employment contract or even an imposed employment contract can be grounds for an employment related wrongful act.
  • Almost anything that is employment related that has been misrepresented by the employer can be a wrongful act.
  • Wrongful failure to promote for open positions or a wrongful demotion can also lead to wrongful employment practices.
  • Violation of any federal and state discrimination laws such as sexual harassment is a wrongful act.
  • Depriving someone on a possible career opportunity can be viewed as a wrongful act.
  • Harsh and severe discipline can be perceived as a wrongful employment act. Sloppy and negligent employee evaluations can also lead to claims from employees.
  • Invading an employee's right to privacy can also open Pandora's Box for lawsuits.
  • Defaming an employee via libel or slander will also invoke claims.
  • Sexual or workplace harassment of any kind is illegal.
  • Sometimes an employer basically has constructively discharged the employee and this can lead to a wrongful termination action.
  • Anything employment related that has to deal with retaliation or humiliation of an employee grounds for a lawsuit.
  • Negligence can raise from a wrongful reassignment of job or duties.
  • Lastly any violation of federal, state or local civil rights laws is a wrongful practice.

Most employment practices liability policies have exclusions that do not cover directors and officers, unless specifically approved, or to cover employees for employment workers compensation claims. Usually these policies also exclude losses from employment related benefits, stock options, etc.

Employment practices liability insurance typically excludes several items within the coverage. A typical exclusion would be excluding anything to do with violating workers compensation laws. Usually there are exclusives dealing with employer employee labor contract disputes. Claims from violating the National Labor Relations Act or Fair labor standards act or the Occupational Safety and Health Act would have been excluded. This policy excludes any acts arising out of lock-outs, strikes, labor negotiations, or collective bargaining agreements.

This policy also does not cover directors and officers wrongful acts, or any type of fiduciary liability actions, or Internet liability acts. There are separate and distinct policies to cover all those exposures. Third party, employment practices actions are usually excluded on this policy but you can usually added by endorsement. That would provide protection from wrongful actions by your employees to third parties. Typically you would see that where a sales person out in the field or some other employee is at your client's place of business and they engage in some wrongful sexual or harassment practice. The premium for this type of policy usually starts at a minimum of $ 2,500 in annual premium, depending on the number of employees, your industry, the limits that you choose, and if you've had any prior claims.

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