For a moment consider being able to earn a great income all while staying at home with your family. Where you can decide when to work and when to sit on the floor to play with your little ones. If you’re looking to find a home business, it’s important to find one where you can really help people and shed the shackles of the day to day grind. This would put both moms and dads in a situation that would be a dream come true. Something that would save them from having to return back to work after maternity or parental leave, but still allow them to contribute to the home’s finances. As you might imagine, a lot of the people I help are new moms who hate the idea of having to return back to work and leave their babies in daycare.The biggest concern that most have is that the Internet is full of ‘Get rich quick ideas’, so how can you know which are real and which are scams? Not all home based internet opportunities are scams. I was where a lot of other people are and very skeptical of internet based business however I am now in the fortunate position of earning a good living from home, allowing myself and my wife to spend every day with our two young children. By following these two rules, I was able to avoid being “taken for a ride”, and I thank the lord. The two rules of searching for home based business’ are: Number one is to hear a testimonial from a close friend or family member, in this case let me be that friend. Number two, do the research that a lot of people choose not to do. I followed these two rules to help find a home based business that was right for me. It was referred to me by a close friend, and my life was changed in a matter of seven days. There is a business out there for you!Its important to know that most home business’ require no special skills or qualifications. In fact, the only things that assist you is to have a caring, honest personality and a desire to earn money from home. I am a very optimistic and positive person and always try to trust that most people are genuinely “good people”. So how can you help me, you’re asking?Remember the first paragraph of this page? Imagine being able to earn a great income while staying at home with your children. Choosing when you want to work and when you want to spend quality time with your family, all while doing work that really helps people. I want you to know that this can become a reality for you. Do your research! Or talk to a friend in the business, and they will show you how simple it is. By doing this you will be in the position I am in. I did my research and trusted a friend, and my life is completely different today than it was six months ago. If you do this you will receive my promise of success, and you may even have a lot of fun along the way!Here’s how my lifestyle has changed: Six months ago I was the operating manager for one of Canadas top retailers. I was commuting two hours per day. I would get up early and at days end travel home and spend the evening preparing for the next day. Fun and enjoyable right?? Not the life my wife or I wanted. I missed my family, and felt guilty that I wasn’t able to spend more time with them, but I had to work and earn income to take care of them.Today I do a mix of telephone calls, emails and meetings, but my family always comes first. I help to mentor people about the wonders of this thing we call the ” Internet “, and the opportunity we have all been handed, a solid life changing home based business. It is vital to go into any possible home based business opportunity with a clear mind and a trustworthy heart. Remember to do your homework and investigate the company that will make you rich and help you fire your boss, or talk to a trusted friend. Do not fall into the belief that everything is a scam, because it is not! I am living proof. So, does this sound like the lifestyle you would like? Don’t rule out a wonderful life of making money from home and giving your family what they need most ! YOU.
How a Home Based Business Could Be Your Solution to Avoid the Retirement Blues
A home based business is an answer to the retirement worries that everyone is facing when retirement funds are shrinking. Few Americans have saved enough money so that their retirement can last for more than 30 years. People are outliving their money. So what is the answer? Well, you have 3 choices; a delay in retirement by working longer, learn to live on less money, or start a home based business that will be able to give you a residual income to last the rest of your life.Let’s look at all the choices.First choice is a delay in retirement. In order to live at a lifestyle that you are comfortable with, you will have to work past your expected age of retirement. How much longer depends on the kind of lifestyle you want. It also depends on the economy and the cost of living at the time of retirement.Second choice is to learn to live on less money. Here are some steps you would have to consider:Downsize your home – less mortgage and lower maintenance costs
Give up one car – a couple will have to learn to live with one car which lowers cost of insurance and car maintenance
Must Spend Taxable Accounts First – you must use the funds that are taxed each year before you touch your 401K and IRA’s. This will reduce your tax burden.
Hidden Fees – Avoid banking fees, ATM charges or overdraft charges on your checking account. Check out any mutual fund fees or penalties for early withdrawals; make sure you have one of the lowest ones. Pay all your credit cards in full, so you can take advantage their offers (travel points). Don’t retire with debt!
Sign Up for Medicare on Time – you must sign up during the seven month period beginning three months before your 65th birthday. If you don’t, then there is a premium increase of 10% for each 12 month period of delayed enrollment after age 65. If you are still working past the age of 65 and receive health insurance benefits from your employment, then you must enroll within 8 months of leaving the job to avoid the penalty.
Find a Prescription Drug Plan – you must check out-of-pocket costs of the prescriptions you are receiving not just the cost of the plan. Compare all the plans. Seniors can only switch drug plans during open enrollment, which happens only once a year, so be careful.
Delay Signing Up For Social Security – benefits start at age 62, but benefit checks are reduced by 20-30% for workers who claim their checks at this time. Full retirement age is now 66 (if you are born from 1943-1954) and you can then claim full benefits. If you are born after 1954, full retirement age is now 67.
Leave Expensive Cities – now that you are no longer tied to your job, you should consider moving to a city where the cost of living is much lower, taxes are lower, and housing is cheaper.
Cut Expenses – Get rid of your land line phone, your cable TV, and some hobbies such as golf, bowling, theater tickets, and gym memberships.
Find free entertainment – either by volunteering at your local theater or your local botanical gardens. You will have to look for less expensive hobbies.
Resist Gift Giving – you will have to resist spending money on your children and grandchildren. This is the hardest, because emotionally you want to but financially you can’t.
Eat Out Less And Cook More – you will have to become part of that “early bird” crowd or share meals.Sounds pretty bleak, doesn’t it? It doesn’t have to be because there is a third choice, start a home based business. This can be done either part-time or full-time.Your home based business can give you a residual income so that you don’t have to worry about any of the above. You can live the lifestyle you either are at now or have always dreamed of. The statistics for a home based business failing are high, but a home based business with a great marketing system can give you a great advantage. A marketing plan can bring your business to another level.
Various Options for Small Business Loans With Bad Credit
Though the lending for small businesses are reaching the highest point in the curve, still there are challenges that many small business owners with bad credits face. Many banks and financial institutions are still not ready to lend a loan for small business owners with really a bad credit rating. Though many companies have valid reasons for having a poor credit history, those are not still considered by the banks. For example, during recession time, especially in the year 2009-10, many small businesses failed to pay their vendors or faced problems in correcting their cash flow issues. The bad remark on any company may take years to get corrected. In the meanwhile, the company may require some kinds of loans. Luckily, there are many lenders other than banks who are ready to sanction loans even if the small business or the business owner has a bad credit score.
Funding Options for Small Business Loans with Bad Credit
There have been studies conducted which shows that only 25% of bank loans or credit card options have been sanctioned to small business owners. This means there are many other options available for business owners other than these, which is really a comforting fact for many.
Home Equity Loans
To start up a business and build a credit score on it would take months together. In the meanwhile, a small business entrepreneur can apply for a home equity loan if he or she owns a home. But while applying for such a loan, one must think about various risk factors involved in the business, as he or she is pledging the home.
Merchant Cash Advance
This is a very short-term loan which is approved to a business owner in a lump sum against the business’s few future credit-card or debit-card sales. These loans are sanctioned for a short-term, generally for 24 months and the payments can be made in small installments, usually on each business day. These kinds of loans are not like regular bank loans where one needs to pay in lump sum every month and for a longer period of time. Many financial institutions which sanction such loans approve the loan application within 48 hours and the person applying needn’t have excellent credit rates. The only drawback in such loans may be the high rate of interest.
Family and Friends
Seeking loans from family and friends is also a good option. According to statistics, about 50% of families and friends like the idea of small business and entrepreneurship, and come forward to help someone in the business. This is a very good option as no relatives or friends look into credit scores before giving a loan, as they believe in one’s character.
Lending from Suppliers and Vendors
Many businesses thrive on one’s vendors and suppliers. If the supplier is ready to supply products on credit and then report to the credit agency, then it is going to be a good option to improve the credit scoring. But the credit scoring will improve only if payment is done on time.
Business Credit Cards
Business credit cards help a businessman to improve his credit scoring and at the same time get finances to improve his business.
Microloans
Many non-profit organizations and online non-bankers lend microloans to entrepreneurs anywhere between $5000 and $50,000. These loans are specifically designed for women and minority entrepreneurs and also for companies who work for economic empowerment zone. These are really excellent for people with a low credit score, but with a higher rate of interest. But, compared to credit cards and other loans the rate of interest is nominal and affordable.
These are a few loan options for small businesses with bad credits, which may help one to either start a new business or develop an already existing business with confidence.