How to Use Multiple Credit Cards to Clear Your Card Debts

It may not sound very logical but using several credit cards at once can be the best way to clear your credit card debts.

There are two main reasons for this:

  • Using more than one card means you can benefit from competitive interest rates on balance transfers and new purchases
  • Very few people are on the cheapest possible credit cards for their circumstances

We’ll start with the assumption that you have an outstanding balance from purchases you have made on one or more credit cards. These are earning interest each month, and you are not paying off enough each month to clear them quickly.

Step 1: Balance Transfer

Your first task is to find a credit card offering a 0% interest balance transfer facility for as long as possible – but at least six months.

Apply for the new card and transfer your balances onto it. Once this is done, the clock has effectively stopped on your debts, as they are no longer earning interest.

Using multiple credit cards when shoppingYou should now start paying off as much as possible on this card every month.

Do not use this card for regular purchases. This is your balance transfer card, and its only purpose is to provide you with an interest-free loan for as long as possible.

Step 2: Find a New Credit Card for Purchases

This step is strictly optional – if you can stop using a credit card completely while you clear your balance, you should do.

However, many people cannot manage without the convenience of a credit card – if this is you, then you need to find yourself the right one.

Ask yourself if you will be paying your bill for new purchases in full each month.

If you are absolutely certain you will do, look for a cashback card that will give you some of your money back each year.

If you may not be able to clear your balance each month, look for a card that offers a 0% interest rate on new purchases.

Be warned, this 0% rate will probably only be for an introductory period, but it should help prevent you from building up another monster balance while you are still clearing your balance transfer card.

Don’t use 0% interest as an excuse to allow your balance to build up again – pay off as much as possible every month. If the balance on your balance transfer card is much bigger than your expenditure on this second card, give priority to your balance transfer card.

Step 3: Review the Situation Monthly

Every month, you need to pay off as much as possible from your two cards. The faster you do it, the less you will pay in interest or fees, and the sooner you can free up your income from being used to service your credit card debts.

Monitor your progress each month and think about whether there are any other ways you could save money in the short term.

Remember to keep track of your cards’ interest rates. Most 0% offers are time-limited, and so both your 0% balance transfer card and your 0% new purchases card may have higher interest rates lurking in the background.

If you aren’t going to clear your balance before the 0% period ends, try looking for another 0% card to transfer the remainder of your balance onto.

If you can’t find one, consider a card with a low, lifetime balance transfer rate instead – this will give you a bit longer to clear the balance, although you will have to pay some interest.

6 Simple Ways to Boost Your Immune System

Often are times when we are told to avoid people who are suffering from a cold lest we get infected. Well, this is true but you may find yourself in a situation where both you and a friend are exposed to the flu but you are the only one who ends up getting it.

This leaves you wondering why your friend is still healthy despite the exposure to the flu. Well, this can mainly be attributed to the immune system. This basically means that your friend’s immune system is stronger than yours.

Well, we can say that the immune system is what shields and acts as a barrier between your body and the things that can make you sick. There are many reasons why your immune system could be weak. This could be caused by your dietary choices, environmental conditions or lifestyle.

Immune system fighting diseaseNatural ways to boost your immune system

Since having a compromised immune system means getting sick frequently, it is important for you to find ways to make it better. Here are a few simple natural ways to achieve this goal;

  1. Diet

Eating foods that are rich in certain nutrients and antioxidants is very important. These foods include fruits, vegetables, nuts, and seeds. The antioxidants are very useful in combating the chemical byproduct that attacks the DNA leading to a weak immune system.

Also, you need to choose healthy fats from fish and flax seeds over saturated fats. This is because they help increase your body’s production of compounds involved in regulating your immunity. Adding garlic and ginger in your food regularly will also help in achieving your goal. This is because garlic contains virus-fighting and bacteria-killing properties while ginger contains a natural anti-inflammatory.

  1. Exercising

There are so many benefits of exercising, it improves your cardiovascular health, lowers blood pressure, helps control body weight and protect against diseases. It is important to note that you do not need to do vigorous training because this may weaken your immune system and leave you vulnerable. However, it is advised to take 30 minutes to walk on a daily basis because this mobilizes your T cells which guard the body against infections.

If you plan on working out using weights and the likes then you need to make sure you have eaten the right food and in the right quantities. These foods will keep your immune system intact and strong even as you workout.

  1. Sleep

It is important for you to get enough sleep to restore all the energy and get your body back into fighting shape. Sleep needs vary from one person to the other but getting in at least 7 hours of sleep is a good thing.

If you avoid sleeping for the required amount of time, you build up a sleep debt that you won’t be able to recover with naps or sleeping in on the weekends. You have to make it a priority to sleep early to ensure that your body is rejuvenated for the next day and keep your immune system at its best.

  1. Vitamins and supplements

To many people, taking their supplements and vitamins is a huge task however, you can have a personalized solution to vitamin intake that fits your needs. Vitamin deficiencies take a huge toll on your immune system which is why you need to keep up with them.

Vitamin B12 and B6 are primarily responsible for immune support. Vitamin B12 manages cell division and growth while vitamin B6 is vital to supporting biochemical reactions in the immune system.

Vitamin C is required by the cells in your body to perform their tasks while zinc fights infections and helps heal wounds.

Being deficient of any of these vitamins will weaken the immune system and leave you vulnerable to diseases. Which is why you need to always remember to take your vitamins and supplements as required.

  1. Relieve stress and relax

Exercise to relieve stressStress is a part of our lives and we really can’t do much about avoiding it. Avoiding stress would mean running away from your day to day life and living a lie. However, we can all learn to manage our stresses and not let them get the best of us.

The best way to do this is by learning how to meditate. Acknowledging that you are stressed out and allowing yourself to think deeply into the matter and eventually figure out a solution for your predicament. You could also talk to someone and share what is weighing on you or work out to blow off steam and punch some bags.

Allowing your stresses to take over your life will lead to a weak immune system which will present an opportunity for different diseases to attack you. Avoid this by doing something that will make you calm and relaxed.

  1. Hygiene

Washing your hands with soap before eating anything, after visiting the washrooms and after handling any dirt is very crucial. You need to avoid disease-causing germs at all cost if your immune system is to improve.

It is also important for you to wash all your foods before eating them or cooking them. With food, you do not need to use soap. Just use clean running water and enjoy your food without any worries.

Diseases are prone to people with a weak immune system which is why it is important to take all the necessary precautions not to make things worse. Work towards getting your immune system to its optimum to ensure you are productive and not too concerned about falling sick all the time.

By following all the above, you can be sure of a healthier life and a stronger immune system. However, you have to keep at it and don’t relax once you hit your goal. This will only take you backward and lead you to a weaker immune system once more.

Stock Futures, Bonds Steady on Retail Sales

Once again, more data to validate the strength of the U.S. economy — it might be easier just to start issuing the economic reports with one word: ditto!

Retail stores enjoying sales in the holiday seasonNovember retail same-store sales rose about four percent. Retailers, coming off the strongest holiday season in seven years, continue to benefit from rising wages, a robust housing market, abundant credit, and low unemployment rates. Retail stocks, though, have been dragged down by concern that rising oil prices and interest rates will damp spending, Bloomberg reported.

“Right now there’s little reason to expect any major pullback in consumer spending,” Paul Kasriel, chief U.S. economist at Northern Trust Co. in Chicago, told Bloomberg. “But looking ahead, I think the Federal Reserve is going to make sure there is.”

Retail stocks have been the favorite whipping boys of the Dow lately. This report should help the group bounce, at least today.

Stock futures and bonds are steady on the news. There is little new in the market today, other than the decision by the European Central Bank to leave interest rates unchanged. European stocks haven’t reacted to the news; the euro currency is steady, off slightly on the dollar.

Bonds want to break out, apparently waiting for the slowdown theme to emerge once again. Bonds have held up well, with recent economic reports indicating that the U.S. economy is still booming.

Oil continues its seemingly relentless climb. Inventories are tight, but there may be a crack emerging in the cartel. The Wall Street Journal reported the oil ministers of Mexico and Norway said they were prepared to act independently of OPEC, if necessary, to help relieve the global oil shortage.

What is the Safest Way to Get a Refund?

How safe is the direct deposit feature for having tax refunds issued directly to a checking or savings account? What happens if there’s a mistake in the bank account number or routing number? What can be done if there’s a mistake with the direct deposit information?

Safest way to claim your tax refundGenerally speaking, direct deposit is a relatively safe way to receive your tax refund. That’s because there’s no check to get lost in the mail and the IRS can send out refunds faster than by mailing a check. However, direct deposit isn’t completely safe. Taxpayers who have put incorrect bank account numbers in the direct deposit field have encountered numerous difficulties in retrieving their tax refund, sometimes resulting in losing the reimbursements forever. So my advice is: Always get a check, unless you are 100% sure that your bank info is correct.

The IRS can deposit your tax refund directly into your checking or savings account. The IRS publishes a calendar of when they send out direct deposits and mail out paper checks. You can check Publication 2043 to find out when your federal tax refund is likely to be deposited into your account.

Direct Deposit is Available at No Additional Charge

Direct deposit of your refund is a free service offered by the IRS and state tax agencies. Your tax preparer cannot charge you extra fees for using direct deposit (Treasury regulations governing tax professionals forbid this.)

Direct Deposit is Generally Safer than a Check

Since there’s no check to get lost in the mail or stolen by someone else, getting your refund by direct deposit is considered safer. However, you must make sure your bank information is 100% accurate.

Direct Deposits are Sent out Earlier than Paper Checks

Direct deposit faster because the IRS sends out direct deposits earlier than they mail out paper checks. Generally, the IRS transmits direct deposits a full seven days before they mail out a paper check.

Double Check Your Direct Deposit Information

Be sure to verify and check the Bank Account Number and Routing Number when filling out the part of the direct deposit in your tax return. These numbers are just as critical as making sure you have your correct name, address, and Social Security Number. Prepare to call your bank and to ask if you are not sure what these information are.

What Happens if You’ve Accidentally Put Down the Wrong Bank Information?

You should verify your bank account information before sending in your tax return. However, if you discover a mistake in the direct deposit area, you should call the IRS immediately at 1-800-829-1040 and ask that the IRS convert the refund to a paper check.

The IRS will assume that the information you put in the direct deposit area is correct and will initiate the direct deposit in as little as eight days. In fact, the IRS has said that the “IRS assumes no responsibility for taxpayer error” as a result of inaccurate direct deposit information.

Many taxpayers have reported losing their entire tax refunds by merely having an incorrect direct deposit. This is truly heart-breaking.

What to Do When Your Refund is Sent to the Wrong Bank Account

Verify the direct deposit information on your tax return versus the actual bank routing number and bank account number.

If the numbers you indicated on your tax return are correct, then call the IRS can ask them to initiate a refund trace to recover your refund.

If the numbers you indicated on your tax return are incorrect, then you’ll need to deal directly with the bank in which your refund was deposited. You’ll know which bank and bank account it is since you have the bank numbers listed on your tax return.

  1. Find the bank by looking up which bank is associated with the routing number shown on your tax return.
  2. Talk to the ACH manager at that bank.
  3. Persuade the bank to send the refund back to the IRS.
  4. Call the IRS and explain that the bank will be sending back the refund.
  5. Ask the IRS agent to fill out a Taxpayer Advocate Service Request (Form 911) to route your case to the taxpayer advocate.
  6. When the Advocate contacts you, explain that you want this incident added to their annual report as a direct deposit error.
  7. In the future, always get a check, unless you are 100% sure that your bank info is correct.

Identifying the Different Costs in Business

The identification of costs is a crucial aspect of any business and is required in order to understand and set products and pricing structures. For those who operate their business from home, a simple and organized way of identifying costs is to visualize one’s daily activities and record each item which is used and requires purchasing.

Business costs may be divided into three main categories:

  • Capital costs and revenue costs
  • Direct costs and indirect costs
  • Fixed costs and variable costs

Usual items identified as fixed business costsUnderstanding Capital Costs and Revenue Costs

Capital costs (often referred to as capital expenditure) are those related to expenses occurring as a result of purchasing either permanent or capital resources in the organization known as fixed assets. This may include money spent to increase the value of any existing fixed assets such as creating an extension to increase the size of the workplace environment. Capital expenditure also involves money spent on legal fees associated with purchasing property as well as both the carriage and installation of work machinery.

In contrast to capital costs, revenue costs are those which are necessary for the day-to-day running of an organization. Unlike capital costs which typically last a long time, revenue costs include those which are used up within the space of a year. Example of revenue expenditure include items purchased for resale, materials used in manufacturing in addition to common expenses such as heating, lighting, rent, rates, and salaries.

Understanding Direct Costs and Indirect Costs

In the majority of financial management related processes, daily costs associated with running a business unit come under the category of direct and indirect costs. The former costs are those which are essential or directly involved in the production of one’s products while the latter refers to expenses related to supporting the product service. A common aspect associated with indirect costs are those required to undertake processes pertaining to administration. Indirect costs are those which are typically referred to within the business environment as ‘overheads.’

Some costs may be both partly direct and partly indirect, such as in a restaurant where the chef’s salary would come under the heading of direct expenses in contrast to the bookkeeper responsible for the preparation of the restaurant accounts which would be identified as an indirect cost.

Understanding Fixed Costs and Variable Costs

The major difference between fixed costs and variable costs is simple to understand as the former are costs which remain constant while the latter relates to costs which vary in proportion to aspects such as sales or production levels. Fixed costs may include those things which are paid at a fixed rate similar to when one is paying a direct debit that is set at the same specific price each month. Examples of fixed costs are areas such as rent, insurance, loan interest, and staff remuneration.

Variable costs may include things like overtime wages, essential stationery, petrol as well as other business costs. These costs may also include advertising and are related to how productive the business is and budgets.

As highlighted above, costs within the business environment may be categorized into three main groups which include fixed and variable costs, those which are direct and indirect as well as capital and revenue expenditure.

Start the Struggle to Get Out of Debt

The average American household has around $15,800 in credit card debt. And it’s not just struggling young families who are saddled with debt; those hoping to retire are borrowing more than ever. As hard as it may seem to dig yourself out of debt, it is possible. To mitigate and conclusively scratch off the debt in your life, sticking to the plan is a must. It should be a plan that you can follow without a hitch.

Avoid drowning in credit card debtHow Much Debt Are you Actually In?

Though you might pay the same bills every month, we often lose track of our total amount of debt because it’s too painful to face in the aggregate.

  • Collect all the bills you receive in one month. (Don’t forget any payments you make online or that are automatically deducted from your account.)
  • Add them up.
  • Use the debt calculator created by CNN Money to figure out how long it will take you to pay off your debt at your current rate.
  • A debt of $6,600 (the 2018 American average), at an interest rate of 16% and with monthly minimum payments of 2% would take almost 30 years to pay off, during which time you’ll have paid a whopping $11,173.50 in interest.
  • Make a chart that shows what interest rates you are paying on each of these loans and what the total amount owed is.
  • Be honest. Denial is a huge part of being in debt. Realize that your total amount owed is a number you will need to wrestle with, not ignore.
    Being open with your spouse about debt (especially at the start of the relationship) will also alleviate financial arguments down the line.

If You Don’t Use it, You Can’t Abuse It

While mortgage payments and student loans are considered justifiable loans (they’re also tax deductible), credit card debt can be avoided, or at least minimized. Going cold turkey on the credit cards is the only way to stop amassing a new debt that will continue to extend your payments.

  • Use cash. Watching dollars leave your hands and go into someone else’s can help you “feel the pain” of spending in a more tangible way than using a credit card can do.
  • Try taking out a certain amount of cash every week that fits your budget. When you’re out of money, you stop spending.
    Rely as much as you can on your debit card for any items that cost more than you are willing to carry in your wallet. If you have enough in your account, that is.
  • Try keeping your credit card(s) in a drawer at home. That way, you’ll be forced to think about big purchases before going home to retrieve your card.
  • Some experts recommend keeping credit cards in even harder to access places, like “a safe-deposit box, maybe, or frozen in a block of ice.”
  • When the holidays roll around, try withdrawing the amount of money you’ve budgeted on each person in your family in cash. Clip each person’s gift money together with a paperclip and a note with his/her name on it, and spend only that much.
  • The hard truth of credit card debt is that we get into it because we want things we can’t afford and somehow talk ourselves into using credit cards thinking that we will either have enough money at the end of the month to pay off our purchases, or we’re simply impatient and can’t wait to save up for the new, new thing.
  • The bottom line is that if you want to get out (and stay out) of debt, particularly of the credit card variety, don’t buy what you can’t afford.


Organize your debt to pay balances with the highest interest rates first.

  • Research all the contracts you are under with any credit cards or other loans and determine your interest rates on each account.
  • When you start your payment plan, you’ll want to pay off balances with the highest interest rates first to save more in the long run.

Figuring out the cards to keep and close the unnecessary onesHow Many Cards?

First ask yourself, how many credit cards do I have?

  • Don’t forget to include department store cards, which often charge a very high-interest rate (around 20% or more!) or gas cards.
  • Also, figure out how much you pay to keep those cards. With so many offers for no-annual-fee cards, you should get terrific benefits from an annual fee card to justify keeping it.
  • Don’t be tempted by discount offers from department store cards or same-as-cash financing unless you know you can make payments in full.
  • Most Americans have between 10 and 15 credit cards. Some have as many as 45 or 50.
  • While there is no perfect number of cards, it is generally recommended that individuals:
    • Have no more than one favorite-store credit card. These cards usually come with high interest rates and no benefits to your credit score because they are so easily obtained.
    • 2 to 6 credit cards is a generally a good number.
    • Of those, you should probably have a MasterCard, Visa, and/or an American Express card, since these are the most frequently accepted cards.
    • For cards you can usually pay off every month, find programs that will give you air miles or other bonuses so you are actually getting a benefit from your credit card.
    • But do be careful closing accounts, because this could have a negative effect on your credit score.

Transfer Balances to Your Lowest Interest Rate Cards

  • Examine what card charges you the highest interest rate.
  • Transfer balances from the highest interest rate card to the card(s) with the lowest interest rate(s).
  • Consider opening an account that offers you a 0% APR introductory period, or another very low rate.
  • But be sure to check the fine print: if associated fees are high, you could be paying as much as you would have in interest on the other card. And make sure you aren’t heavily penalized for one late payment.
  • And make sure to avoid a card that doesn’t jump to a very high APR in only a few months.

NOTE: Remember that applying for new credit cards will affect your credit score. If you don’t think you have very good credit and are unlikely to be approved for a new card, it’s not worth it.

Request a Lower Rate

  • If you can’t transfer balances or open a new card, at least try to get your credit card company to lower your current rate.
  • Because it is advantageous for credit card companies to keep their customers (especially those with high balances they pay over time—this is how the credit card companies make all their money), many are likely to lower your rate if you threaten to close your account.
  • If you have trouble getting your rate lowered, ask to speak with a supervisor. Again threaten to move your balance to a competitor’s card.
  • If you have a credit score of 750, you should be able to get a rate of 10% or under.
  • Even if you can’t get your rate lowered, you might convince a card carrier to waive your annual fee.

Pay Up!

The more of your debt you can pay down, the quicker it will disappear, and with a lower overall cost to you.

Pay More Than the Minimum

  • Pay as much as you can every month—not just the minimum balance. If you’ve drawn up a budget, you should be able to figure out exactly how much you can afford to pay each month.
  • Go back to your debt calculator to see the difference you can make by paying more than the minimum.

    Remember your $6600 debt at 16% interest? Paying the minimum balance (2%) would get you out of debt in 30 years after making over $13,000 in interest payments. If you doubled your minimum payment, you’d be out of debt in 2 years and seven months, and you will have paid only $1,351 in interest!

  • To pay down debt systematically, pay as much as you can toward your highest interest rate card while paying the minimum balance on other, lower rate cards. Once that is paid off, pay as much as you can towards the next highest interest rate card while paying the minimum balance on other cards, and so on.

Paying up each time you can is a great startFACT:A $1,000 purchase paid back at 2% per month (the average minimum payment term) on a card charging 18% interest will ultimately cost $1803.

Don’t Be Late!

  • Late payment fees not only add up (they usually range from $30-$50 per late fee), but lateness can also allow your credit card company to raise your rate.
  • You’ll also have less bargaining power when you try to lower your rate if you’ve made late payments.

Make it Automatic

  • Consider setting up automatic payments so you never make late payments and can’t wimp out when your bill arrives.
  • With student loan payments you often get a reduction in your interest rate if you sign up for auto-pay.
  • If your employer offers the service, have money taken directly from your paycheck and deposited into a savings account. Then use that amount to pay down debt. You usually won’t miss money taken out ahead of time.

Find Extra Money to Pay Down Debt

  • Determine your “Latte Factor.” If you took the $10 a day you spend on coffee (or magazines, cigarettes, etc.) and use it to pay down your debt instead, in one year you’d be able to pay $3,600 to creditors.
  • Write down everything you spend for a week (or a month if you have the discipline) and analyze your expenses. Anything that isn’t a necessity could be re-channeled to paying down debt. Do you (or your waistline) really need that daily muffin? Some extraneous expenses you could probably switch up or live without:
    • Expensive coffee: try brewing it at home to save hundreds of dollars a year.
    • Magazines at the newsstand: buy a subscription to slash the cover price on any periodicals you buy more than a couple times a year. Better yet, read them at the library.
    • Takeout lunch: make and bring your lunch from home. You’ll save money and calories.
    • Bottled water: buy a water bottle you like and fill it with ice and water from your tap. Not only is this a huge money saver, but it’s hugely better for the environment.
    • New hardcover books: wait for them to come out in paperback. Or buy them used just as easily on Amazon.
  • If cutting back on discretionary spending isn’t getting you too far, try to reduce household expenses: can you use fewer minutes on your cell phone? Refinance your mortgage? Lower your energy bill?
  • Use any windfalls you receive to make additional payments.
  • Don’t use all your extra money to pay off your mortgage if you have other debt. Mortgages usually have lower interest rates, and your payments are tax deductible up to the first $1 million.
  • Use your savings to pay down debt. If your savings account is only earning you 1-2% in interest (which is average), it makes no sense to have that money sitting around while you’re paying 15-16% interest on your debt.
  • Yes, it’s good to have a small cushion for emergencies, but use whatever savings you can part with to pay off debt.

And when you pay down debt, when it’s time for the next big purchase, you will qualify for a lower interest rate because you have improved your credit score. That’s a great start to ease down from the slippery slope of debt.

The Best Ways to Boost Your Startup Brand’s Presence Online

There’s been a lot of talk as to why it’s important to have self-confidence and its crucial role in being successful in whatever field you may be in. Are you having problems with your brand’s marketing? Well, maybe you should look within first.

It’s easier said than done, though. How do you gain that confidence? You may have wondered how many of the people you look up to manage to exude such an irresistible charm and command attention. It all boils down to having a healthy sense of confidence. Don’t bring yourself down if you know that deep down inside you know you are shy or having an inferiority complex when in the presence of such magnetic personalities. You, too, can have that confidence. You have to be persistent because there are many ways to build that self-confidence. And if you build your confidence, you get the audience pass on that confidence to your brand, as well.

Here are some of them:

Harry infront of the Erised Mirror1. Harness the power of visualization.

If you have seen the first Harry Potter movie entitled “Harry Potter and the Sorcerer’s Stone,” there is a scene there where Ron Weasley, Harry Potter’s friend, faced the Erised mirror and saw himself as a sports star and a student leader. The magical Erised mirror reflects an individual’s innermost desires and dreams. Later in the series of Harry Potter movie adaptations, Ron was portrayed as a Head Boy and played for Gryffindor’s Quidditch team. It further validates the power of the mirror and the individual.

What happened was Ron seeing himself in the mirror motivated him to work on his dreams so they could come true. It works, too, in everyone’s real lives. If you visualize yourself accomplishing your goals and fulfilling your dreams, then there is an excellent chance that you will succeed. Imagining yourself with a positive image will enhance your self-esteem and help you work on your limitations to turn them into strengths. Famous self-help American author Napoleon Hill once said, “What the mind can conceive and believe, it can achieve.”

Having the can do attitude2. Tell yourself that you can do it.

Sometimes you wonder why despite having the necessary skills and technical knowledge, you still fail. That is because you lack self-confidence, you don’t believe enough that you could do something, or you’re afraid to fail. One way to boost your confidence and to banish your fears is to find something you’re good at and to focus on it. Keep saying to yourself that you’re good enough. If possible, face the mirror, talk to yourself, and say it out loud. Say, for example, you know you’re a good writer, but you’re afraid to speak in public or to face a crowd, keep saying to yourself, “I write well. I know readers like what I write. They will also like it when I read aloud my stories.” By focusing on that one good thing, you’ll be able to manage your fears and overcome your weaknesses.

The only way to change yourself is by changing how you see yourself. Remember the magical mirror? Say to yourself the things you’re good at. Be kind to yourself by allowing yourself to make mistakes and learn from them. Do not let those mistakes discourage you. If you keep a healthy positive self-image, you will then be able to face even the difficult tasks.

3. Plan but be flexible and kind to yourself.

Anxiety and fear of the unknown are the usual culprits as to why you are not feeling confident enough. It is usually the result of not planning efficiently. Try to list down your tasks, what action steps you are going to do to accomplish one job, and what could be the possible outcome. Should you feel that it’s taking you a long time to do a task or the result is not what you expected, try to assess the situation and plan again. If you cannot achieve your targets in online marketing, you can always seek the help of professionals from SEO Services New York. Do not focus on what you cannot do as this will only lead you to failure. There are people who can help you lead to the right path of digital entrepreneurship.

Facing your fears to achieve success4. Face your fears.

We are all only human, so it is okay to be afraid. Do not, however, let your fear hinder you from working towards your goals. Face your fear and resolve to overcome it. It will help if you list down your worries, so you know what you are facing. Visualizing yourself in those situations where you feel such fear or anxiety helps you to be creative in finding ways and solutions. For example, if you are afraid to speak in public, do not go out at once and speak before hundreds of people. Gather a few friends and practice first until you feel you’re comfortable. It also helps if you could ask feedback from your close friends, so you know what to work on next time. Keep practicing until there is no more fear. Then cross out that fear on your list. Tackle the next one and so on so forth. Keep in mind that mistakes are inevitable. They are not supposed to make you weak or afraid, but you should use them to improve yourself.

Before you expect your brand to be successful online, you first must have the confidence within you that you can deliver the product or service being offered without hesitations.

Do’s and Don’ts When Managing Your Finance as Business Partners

Bits of advice about getting rich quick, starting up a business, setting a budget, or saving for the future are not necessarily taught in school. We’re lost in all the slew of information, navigating through life and debt on our own, charging everything to experience. It can turn out to be costly, and even weigh heavy on your relationship as business partners.

Here are seven do’s and don’ts to help you manage your finances as business partners:

1. Do: Take account of your expenses

Plan your expenses BEFORE your money gets into the bank. Don’t begin spending for something you can’t afford to pay. You have full control of where and what you will be spending on in advance. If you need help, tempCFO as the best financial services outsourcing firm to keep tabs on your ‘numbers’. Keeping a budget and sticking to it before the entry of money can avoid all the hardships of debt and ensures discipline especially when sales try to lure you to spend more than you should.

2. Do: Know your limits and spend accordingly

Taking to account all your accounts, investments, assets and perhaps net worth, you and your partner will be able to see just how much you can spend and invest in per month. Having a clear picture of what you can or cannot afford keeps you in check and your spending too.

Try comparing each month’s expenses and see if there are ways you can save or do without a particular expense. Discuss with your partner some of the things that are essential to your business and those that are not basing it on what you can and cannot afford. It helps both of you participate in financial decisions and a way to get to know your partner more.

Buying only the things you need to avoid making a dent on your cash flow3. Don’t: Give in to Impulse Buying

The latest trends and sales can lure you into purchasing something unnecessary that would only gather dust in the house and affect your business budget. Marketing is a billion dollar industry that aims to get you to spend more on something that you don’t necessarily need at the moment. They seek to tickle your fancy and get you to bring out your wallet by making you feel incomplete without their specific product. Buyer, beware!

To protect your relationship with your partner, here are some tips to keep you aware of the seductive schemes:

  1. Understand what the company is selling. Is it happiness? Belonging? Achievement? Will the product bring you all these?
  2. Cash is best used when making purchases outside the budget. Can you afford it?
  3. Stop the entitlement. Yes, you may be having a hard day at work and think that you deserve that product. But in the end, giving into the emotions will only burn a hole in your pocket. Live with contentment and gratefulness.
  4. Stick to the budget. Don’t buy items that weren’t in the grocery list lest you go over the budget and cause tension with your partner.
  5. Use the 24-hour rule. When you see something you really like offered at a great price, consider waiting at least 24 hours before purchasing. What’s meant to be yours, will be.

4. Do: Save

Make sure that savings are also included in your financial goals as partners. There are ways to ensure that contributions are made, such as setting up the auto-debit feature in your current account. Instead of withdrawing everything at once, have a system set to make you save for your future as partners. Try splitting one account into several accounts each with particular purposes like savings and investments.

5: Do: Be aware of your Credit Report

Adulting is hard work and keeping your relationship void of financial woes, and your savings intact are even harder tasks. Your Credit Score and Credit Report are essential factors that will follow you and haunt you especially in making financial decisions as partners. Don’t take this for granted because it will affect your future and that of your partner. When looking to invest, it is best to have a good Credit Rating already covered to ensure you get that loan, car, or even house that you may be needed as your business grows. Pay those bills off. Keep your rating spic and span. Think future forward!

Partnerships should be mutually beneficial in order to grow6: Do: Enjoy your workplace benefits

Before getting into any employment, we usually ask what’s in it for us. There are benefits each company provides that you still may not know the full scope of. Understand your rights and benefits as both an employee and employer by checking in with the HR, understanding your work contract, and even researching the laws. Don’t underutilize these benefits that you and your partner are entitled to. There are many companies out there that offer rebates on insurances, leaves, loans and other financial means. Make sure you’re in the know with the latest memos on these.

7. Do: Live within your means

There’s no need to “keep up with the Joneses” or the Kardashians. Let’s be honest, who are we really trying to impress with that last luxurious expense? You definitely won’t find favor in your partner for it. Think before you buy. Maybe you feel pressured to spend when you’re with a certain group of friends, take a good look at that and evaluate whether these friends are worth trying to impress. If your neighbors buy a new car, should you too? Beware of covetousness that may lead to debt and of course the inevitable arguments with your partner. Learn instead to live within your means. If you can’t afford it, if it’s not in the budget, don’t.

Save your business partnership by saving your finances. Use these tips to live a life free of debt, stress and unnecessary headaches. Reach your partnership goals through these financial do’s and don’ts.

Influential Factors Pulling Share Prices in the Stock Market

Share prices can be extremely volatile in a day or even for briefer periods lasting a couple of hours. Alternatively, shares may remain stable for days or weeks before a discernible trend emerges. It is this uncertainty and unpredictability of share price movements that makes investing such a fascinating exercise.

What moves share prices? A host of factors- some internal to a company and some external. Broadly, the fundamental strengths and weaknesses of a share and its technical charts govern its price variations. In reality, though, there are many variables which can affect investor sentiment and hence share prices.

We will attempt to analyze factors influencing share prices in stock markets.

Traders hustle for stock price updates in NYSECOMPANY FUNDAMENTALS

Share prices do reflect the company’s fundamentals as a rule. This means a company generating healthy revenues and profits year after year will appreciate over a period. This explains why value and growth investors hold on to such shares as they are not concerned with short-term price aberrations.


Investors instinctively determine whether a share is overbought or oversold at a given point in time. Understanding the available charts visualizes a particular stock has breached its short term/medium term/long term resistance and support levels. For the benefit of the laymen, a breach of major support is a bearish signal and a break above the resistance level a bullish signal. There are several parameters based on which an investor takes an investment call, and this at the macro level becomes an essential factor influencing sentiment and share prices.


Government policies are unpredictable and can change at short notice. To tackle shortages in essential commodities, a government may resort to imports to cool commodity prices in the domestic market. This affects the profitability of local companies and has a direct bearing on their share prices at least in the short term.


A bonus or a rights issue at a steep discount to current market price is likely to influence the company’s share price in the near term. Similarly, a merger announcement can send a company’s share price soaring if it is perceived to be adding value to its business.


In today’s environment, the fortunes of companies are highly dependent on external factors. The recent crisis in the financial markets is fresh in everyone’s memory. The recession that gripped the US economy in early 2008 took its toll on industries and companies across the globe. Exports to the US were walloped as inventories started piling up and retail sales in the US slowed down as consumer spending went into a tailspin. A sector badly affected was textiles as sales realizations fell steadily.

Other equally important factors to watch for its influence on share prices are interest rates, currency fluctuations, the extent of leveraged positions in the derivatives markets, foreign portfolio investment inflows and outflows.

With so many variables at play, some of which are unknown and unpredictable, it is never easy to predict which way a share will move in the short term. It is relatively easier to visualize the fair price of company stock based on its projected earnings multiple and its revenue guidance issued by analysts. This is all the more reason to be cautious while investing both for the short term and long term. Investment in equity calls for regular monitoring of stock in your portfolio to separate the non-performers from the steady performers.

Making Cash Using Stock Options

Stock options can be extremely risky. It just depends on what the investor feels comfortable with. Unlike stocks, stock options expire. The options are cheaper the closer it gets to their expiration date. So if a stock is about to take a drastic move, and investor purchases a stock option that is about to expire, they can make a great deal of money with only investing a small amount.

Finding a stock to invest in. When investing in a stock option, it is important to find a stock that is moving or will be moving. If a stock stays near the same amount that an investor buys it, it will slowly depreciate. Without movement, it can be extremely difficult to make any profit at all. By reading a stock’s charts, an investor can make an educated guess on what the stock will do next. Many of these technical indicators will help point in what direction a stock is moving. One option that an investor can do is buying a “spread.” A spread is where “calls” and “puts” are purchased. Calls are when money is made when a stock is going up and a put is when the stock is in a downtrend. This way as long as the stock moves hard in one direction, a profit is made.

Stock options can be a high risk investment but high rewardBuying near expiration. If a stock is about to move quickly, an option near the expiration date can make a hefty return. This is because the stock option is so much cheaper because there is not much time left to exercise the option. Stock options are already very risky because of the time frame on them. Options that typically would cost a dollar a share might be less than ten cents. So a great move can multiply the investor’s money by an outstanding rate. Investing in higher risk options can quickly pull in over a 1,000% return. But it doesn’t give the investor much time to make money. Each day the stock doesn’t move can significantly affect their investment if they try to resell a stock option.

Investing more in a low-risk stock option. If an investor does not feel comfortable investing in a high-risk stock option, they can look for something low risk. But for them to make the same type of return as a high-risk stock option, they will have to invest more money. This is because the rate of return on a low-risk stock option is smaller. Sometimes an investor can tell a stock will be moving in a certain direction but will not know how quickly it will happen. By purchasing a stock option with a longer expiration they will have more time to wait for the stock to jump.