Rock To Riches – Page 48

Why Do Stock Markets Decline When US Federal Reserve Rates Increase?

Most people pay attention to interest rates, and these surely impact the stock market. You may be asking why so here are some explanation that will help you learn some reasons why interest rates and the stock market are linked.

Interest is the the cost that a person pays for the use of another person’s money. If you borrowed money to buy a house, you should understand this clearly. You may have to borrow money from the bank via a mortgage in order for you to buy your dream home and pay back the bank.

The same thing goes if you are a credit card user. You borrow money now so you can buy something that you really want or need right away.

However, when we are talking about the stock market and the effects of interest rates, there are more to our examples above.

Take a sit, sip a cup of coffee and listen to this video lecture from Sasha Edvakov of TradeFly.com

Did you learn something from the lecture? Nosebleed?

Don’t worry, we will find a much simpler video explanation about this topic soon.

But remember that interest rates are not the only factors affecting stock prices. An increased interest rate is only one of them. You can never conclude that a Fed rate hike will always have an overall negative effect on stock prices.

Know more about factors affecting your investing strategies by subscribing to Rock To Riches.

Rock your way to abundance!

#moneyliferocknroll

P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Due to popular demand, my good friend and business partner Jon Orana will be releasing again his online program called the Internet Business Master Class. This exciting online learning program is about creating and selling e-books in the internet. Here’s a FREE 23-page step-by-step guide on how to make money selling e-books including which topics to write. Attend Jon’s FREE webinar on December 14 to learn more! Click here!

P.S. 3. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 4. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. You may grab your copy before Christmas at your favorite National Bookstore and Powerbooks outlets. Or you can grab your copy yourself at The Pantry at 07 in Makati City and ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email des_feliciano@yahoo.com for more details.

P.S. 5. Yes, our Cyberpreneur Philippines book is now out in bookstores! Check out the chapters from my fellow authors Ray Calbay, Fitz Villafuerte, Ginger Arboleda, Kristel Silang, Marv de Leon, Paolo Lising, Anne Quintos, and other great online entrepreneurs and experts! Score your copy here now!

P.S. 6. Send healthcare and grocery products online to your loved ones in the Philippines via BeamandGo!

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Photo credit: Michael Daddino

5 Foolproof Ways to Boost Your Retirement Savings

Everyone looks forward to a retirement where they can relax, indulge in their hobbies and favorite pastimes, without the need to worry about getting up for work! In order to enjoy your retirement it is essential to plan for it now and build your retirement savings as quickly as possible.

The following methods will ensure you are comfortable in your retirement:

1. Review your current budget

In order to save more you must be able and willing to put more funds into your retirement accounts. The first step in this is to take a look at your current expenditure and where this can be adjusted to release more funds.

Automatic insurance renewal can inflate your annual premiums, unneeded or excessive phone contracts can drain your funds and even eating out regularly can limit you savings ability.

As part of your review, create a realistic budget which allows you to save for retirement and build an emergency fund whilst still enjoying your daily life.

retirementphoto

2. Boost your current income

If the above exercise leaves you scratching your head, unable to locate the additional funds you need to create a retirement fund then you may need to consider earning more. You may be able to obtain a pay rise or work more hours in your current job, or you may need to look for a second job.

Alternatively you can start your own online business! A part time job can also be a useful tool after you have retired. It will boost your income and provide you with both mental and physical stimulation; something which is important for older people.

An important part of this is to check that you are obtaining all the benefits to which you are entitled; these can make a big difference to your lifestyle and savings capabilities.

3. Automation and vision

It is advisable to automate as many of your retirement savings contributions as possible. In some cases this will mean you do not even notice the money having gone; you will certainly not forget to make your monthly contribution!

In order to stick to this plan; particularly when funds are tight it is important to have visual aids in strategic places around your home and even your workplace. This will remind you of what you are saving for and ensure you stay committed.

4. Additional earnings

If you are lucky enough to get a pay rise, bonus or a small inheritance then you should invest this immediately. You do not need it to maintain your current standard of living!

Wherever possible you should seek to maximize your payments to your retirement accounts. The government are no offering investments via PAG-IBIG that are tax-free; mutual fund investments are tax-free as well if you don’t redeem in at least 5 years; if you can afford these then commit the money, you will benefit in the long term.

5. Stocks

The stock market offers an opportunity to boost your retirement income significantly; it can also be a high risk strategy! It is essential to take professional advice and study the market before investing anything; you need to be certain you know what you are doing. The closer you are to retirement and the more funds you need to build the more risky the approach will need to be.

Another option is to purchase an annuity with the funds you have available; there are two main types of these:
The immediate annuity will pay you a lump sum and then a monthly payment for life.
The deferred-income annuity does not provide a lump sum option, it will, however, give you a larger lump sum every month for life, starting from a pre-determined age.

Whatever your situation there is a way to boost your retirement savings and your income in retirement; the important thing is to start now.

Don’t do it on your own if you’re not a financial expert, and look for assistance. An advisor will know exactly what to do to help you boost your retirement savings. With these simple but effective tips you’ll live the most comfortable life by the time you turn 60.

Rock your way to abundance!

#moneylifeandrocknroll

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15 Best Credit Card Balance Management Tips

Credit card balance can often be considered a battle. You know you should be able to use credit cards for its advantages, but credit overload can always get in the way. This article will help you know the best credit card balance tips available.

Tip #1 Limit your Credit Cards

There are several types of credit cards you can choose from. One too many can be a cause of too much credit card balance. You should limit the credit cards to suit your needs. Through Facebook marketing, you can view credit card choices and advantages. You will be able to limit your credit cards in a few clicks.

Tip #2 Prioritize PIN Security

It’s important to keep your credit card’s PIN private. You don’t want to complain to your local bank about stolen money and find out your sister went on a shopping spree without you. Keeping track of your balance means keeping your PIN to yourself. It is also advisable to change it at least monthly. The great deals you get when you keep your PIN are:

Knowing how much you spend for yourself
Keeping spending records private
Assessing your responsibility as a card holder
Avoiding scams and fraud

Tip #3 Pay Full to be Free

You should always pay the full amount of credits you owe monthly. Paying full will help you with all of these factors:

Avoid swimming in a pool of balance
Prevent the temptations of getting balance
Maintain good credit card score
Help you look good for emergency loans

Tip #4 Plan to Pay on Time

Paying on time will help you improve your status with credit. It may even ruin bad credit. Managing Facebook Management to keep you notified about your bank online may also be helpful. Your account will give updates on your bank’s availability to address your credit concerns and help you pay on time.

Tip #5 Check Your Bills the Right Way

Did you know there is a right way of checking your bills? Here are quick steps to take in checking bills:

Set a day and time to check your bills
Check your bills weekly and keep it as part of your routine
Be in a calm mind set as you check the bills
Call your bank right away if you don’t recognize a certain payment

Tip #6 Spending Advice

Spend on money and credit you actually have. Overspending or spending on loans will make your balance worse. It would be best to spend your credit wisely and limit leisure to actual money bills. To spend wisely:

Separate your needs and your wants
Use paper bills to pay for your wants
Save up coins for something you want or a vacation
Use credit card loans for emergency purposes
Separate a card for business or health investments

Tip #7 Read Up to Know More

Your bank may email you notifications about your account. Instead of adding it to your spam or instantly trashing it, you read all of your notifications. Banks will not be responsible of possible fraud if you haven’t read the information they send you.

Tip #8 Marketing Tips

Maintaining your balance means you should follow these marketing tips:

Avoid cash advances because it will make your interest rates shoot up
Avoid being tempted by market offers easily
Prioritize low interest rate cards on the market

Tip #9 Avail Advantages

You should use possible credit card rewards. These credit card rewards are handy on weekends off or any holiday occasion. You should avail the advantages your credit card has once in a way before it expires.

Tip #10 Note down Your Expenses

Another great way to manage credit card balance is by writing down your expenses. The benefits of writing down your expenses are:

Pointing out extra payments you don’t need
Having an available record to match to your bank’s record
Having a good idea of your daily expenses
Knowing your investments with your wants and needs
Knowing the profits you have spent with your job or business

Tip #11 Deal with High Rates

If you can’t avoid high rates, you should consider the following measures:

Change to low rates for mortgages
Try out cards with low interest rates
Prioritize the highest rate
Tick off your debts one by one
Change to low rates with your credit card company

Tip #12 Budget for the Month

Work on your priorities to help pay off bad credit. Budget your needs for the month then squeeze in your wants with extra earnings. You may want your budget to look like this:

Pay the rent or mortgages first
Figure out your groceries for the month
Keep in track tuitions to pay
Calculate financial support given to your family
Calculate investments for your health insurance
Invest a small amount for your business opportunities
Pay your bills for your house and car

Tip # 13 Check out Credit Card Qualifications

When needing a credit card or renewing one, you should check your qualifications. These include:

Financial history
List of assets
Paying bills punctually
Income source

Tip #14 Take Credit Card Receipts

When you take your credit card receipts you will be able to have concrete evidence if there was credit taken from you mysteriously. These receipts are important and should not be discarded. You should always ask them from the services you buy from.

Tip #15 Let Your Bank Know

You should let your bank know:

If you have lost your card
Your credit card was stolen
You will move to a new address
You will transfer to a different card

The bank will help you take measures in dealing with these issues and your credit card balance. If your card was taken or lost, they can cancel the PIN number and give you a new one. The bank will also make certain actions so that your bills will be sent at the right place before deadlines. They are the best experts in consulting a transfer to a new card with lower rates.

Credit cards and having a balance can be a tricky balance. Credit cards should be useful because they’re safer and easier to use. To truly benefit from them, you can always look back at these tips to avoid bad credit and a heavy balance. You will find these tips very valuable. You’d want to share them to your friends and even do a little Facebook Marketing on the credit card advice you’ve learned. Remember that credit cards are also a form of loans, and you, as a responsible owner, should know how to pay your dues. These pointers will truly help you in getting your credit card balance cleared.

Kath Martinez, understands the intrinsic attributes of making excellent content that suits the needs of every business especially when it comes online financing. She can conceptualize and implement marketing plans, explores profitable B2B opportunities. Visit us for more Loan services.

*This is a guest post.