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The Importance of Wealth and Investment Management For Your Life

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The importance of wealth and investment management cannot be understated. The wealth of a family can mean survival. When money is involved, as it is in investments and wealth management, the result can be nothing short of phenomenal. It is not enough to simply have money; you must have a good management plan for it. If you don’t, your wealth could quickly become nothing more than an expense that will be unplanned and unproductive.

Once you have created your wealth and investment management plan, it is vitally important that you maintain these plans. They are vital to your long-term success. If you don’t hold these plans, you run the risk of seeing your wealth disappear, and you will be left with nothing.

What is the difference between wealth management and investment management?

Investment refers to the purchase of assets, the earning of returns, or both. Economists define wealth as the standard of living obtained by a person. Investments in property, business, arts, and other assets are undertaken for creating wealth Tequila. Some investments that earn high returns are the stock market and real estate investments. Most experts agree that there are three major investment types: Individual wealth, family wealth, and institutional wealth.

Individual wealth is simply the value of your assets – money, stocks, jewelry, art, and other items. This includes inheritances and other forms of unclaimed property. A financial statement reflects an account of all of an individual’s assets. The account will show how each asset’s value, including gains and losses, has been invested.

Assets are either liquid or dry. Liquid assets are easily liquidated. Dried assets must remain with a company until it is sold. The financial statement will record each asset’s purchase price and how it was affected by foreign currency exchange rates, interest rate changes, and other economic factors. The effect of these various variables will vary slightly from year to year. It may be difficult, if not impossible, to accurately predict changes in these variables.

The purpose of the financial statement is to provide an accurate portrayal of the asset’s worth. Investments in fixed assets are reported on the asset’s value as of a specific date. Equity investments are reported on the value of the stockholder’s equity. The value of accounts receivable is also recorded on the financial statement. A company’s variable cost account is another way of saying its current cost of goods sold, which includes inventory, freight and distribution costs, and service charges.

Wealth management is a method of directing, storing, and protecting the assets of a company. The manager is concerned with the entire supply chain. This means that the manager is the one who determines how much of the company’s assets should be retained, given their current operating costs. This is also a means of ensuring that all creditors are paid. This also helps keep the company’s debts under control. Investment management is different in that it is more directed towards creating a foundation for growth. An investment manager will invest in a company’s assets to create a future income. Usually, this type of manager will use the assets he or she owns themselves to make investments. Investors will make money when they sell an asset. In the financial statement, the income statement is broken down into three sections: earnings, net income, and net profit or loss.

What does wealth management include?

Many things can be done for a serious person about putting his or her finances in order. Services such as this can take the place of a hired accountant or financial planner. Instead, a service like this will take care of an individual’s day-to-day financial needs. This type of financial service can also involve taking care of investments and retirement funds.

What does it mean to be wealthy? Most people define wealth to be having enough money to support one’s lifestyle. Other people define wealth differently. The only way a person determines what constitutes wealth is by having enough money to support their current lifestyle and future monetary needs.

Many wealthy individuals hire financial experts to help them set up a plan to handle their wealth. Some people simply decide that they do not have time to take all of their finances, and they hire a company or expert to help them do so. When looking for a service to help you with your wealth management services, it is essential to look for a service that will comprehensively analyze your situation and determine just how much wealth you have. Then they will give you a recommended course of action. Many of these companies will also offer you financial advice, investment recommendations, and investment management services.

To make sure that you hire the right company, you want to make sure that you check out all of the available financial services. Look at the reputation of each service. This is very important. There are some reputable and trustworthy companies and experts that will provide quality financial services. On the other hand, some less reputable and not so reliable individuals and companies will provide poor quality service.

You should also look at the types of services that each company offers. It is best to find a service that provides both investment and financial advising services. This will give you the best combination of expertise and experience. The more assistance offered, the better because you want to receive the most benefit at the end of the day.

How do you accumulate wealth?

Are you interested to know how do you accumulate wealth? How do you save money for your future and be rich too? One of the best ways to save and invest your money is by protecting your income. Most of us work on a fixed salary, which is not variable, but your future depends upon your earnings through good savings. How do you accumulate wealth?

By investing and building a retirement fund, you can create your wealth. You may be wondering, how do you accumulate wealth? If you are a regular employee, then saving your earnings via company-provided insurance plans, pension plans, etc., is a sage decision. In the current economy, saving for retirement is a smart move as there are very low-interest rates, but most of us don’t save enough.

You can also make passive income, such as renting out your unused stuff through online auction sites, classified ads, or your websites. These passive income streams can give you the extra income you need to supplement your regular job earnings or build your retirement fund. But if you want to earn more than 10k per month, then making a business on the Internet is highly recommended. How do you accumulate wealth? To generate more wealth, you have to first establish your financial gravity. Financial gravity is the measure of how much money someone has in his account compared to his expenses. It’s a bit of an ugly equation: how much do you spend per month versus your income? Unfortunately, it takes quite some time before you reach your financial gravity, and this is where saving can help. Passive savings will take care of your estate’s short-term and long-term needs, which will help you achieve your financial goal.

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Getting Ready for Your Foundation Repair Evaluation

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Foundation Repair

When you need help with your foundation, you must have an evaluation of the damage. If you need a repair company, ask friends for recommendations or look online. The repair person needs access to the damaged areas of your home. If you have kids and pets, plan to have them out of the home or in a safe place. You may also need to move furniture so the repair person can gain access to damaged areas. You should get an estimate for the job before you commit to repairs, as well. With proper preparation, you can have a fast and productive foundation evaluation.

Scheduling the Appointment

If you do not have a foundation repair company in mind, look online for businesses in your area. You can also ask friends or family for recommendations. Schedule the appointment when you can stay home, as inspections can take quite a bit of time. Call the company and ask some questions about the process. This can help you better prepare your schedule and home for the visit.   

Kids and Pets

Make a plan to keep your kids and pets out of the way on the day of your evaluation. You can schedule the appointment during your kid’s school hours or have them go to a friend’s house for the day. Pets should also stay away from the service person. Your yard may be included in the inspection, so place the animal in crates inside the home. You can also have a family member take dogs for a walk during the inspection.

The Estimate

You may have concerns about the cost of your foundation repairs. You may also have a tight budget. After the evaluation, you should get an estimate for the repair cost. You can choose to accept the charges or compare them with another company. If you know someone that has had foundation work done, you can ask about the cost, so you know what to expect, as well.

Preparing your Home

If you have damage throughout your home, the inspection specialist needs to see it. You may need to move furniture if it blocks cracks in the wall, for example. If your flooring is unlevel, you may need to remove rugs to expose the hard floor, as well. Ask the company what they need access to before they arrive so you can prepare properly.

When you begin to have foundation problems, you must get help fast. Make an appointment as soon as you notice problems in your home. The damage can progress if you procrastinate on repairs. Get ready for the evaluation by taking a day off to stay home. You can also make sure your kids have a place to spend the day. Secure your pets to keep them safe and for the comfort of the service person. Move furniture or rugs so you can easily see damaged areas. Your professional may need access to many areas of your home and yard to properly assess the foundation problems. After a good evaluation, you can get started repairing your home!

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How Can I Get a ₹50000 Loan Fast

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How Can I Get a ₹50000 Loan Fast

No matter how well settled we are in our lives, sometimes all of us need some form of financial help or the other. When we become independent and start earning our own money, the thought that we will never need any form of financial help all throughout our lives often comes to our minds, but oftentimes we find ourselves in situations where a little cash crunch is inevitable.

Luckily for us, there are plenty of ways to get the cash we need immediately without needing to ask our parents or friends, and in this article, we will discuss exactly that. If you are in India and need a ₹50,000 loan fast, then this article is for you. Let’s get started.

What Is a Personal Loan?

Before we proceed on how you can get a ₹50,000 loan fast, one of the most important aspects you need to understand is the concept of a personal loan. In simple terms, a personal loan can be understood as a short term process wherein you borrow a small amount of money, generally between ₹20,000 to ₹150,000, and return it over a period of 3 to 18 months. 

While the concept of personal loans is well established in the west for a long time, the process has recently become simple and quick in India, thanks to the inception of many personal loan lending companies and apps in India. 

So let’s go ahead and explore a few of them.

Money View: Apply for Instant Loan Online up to ₹5 Lakhs

If you are looking for 50,000 personal loans to avail easily, then chances are that you have already heard of the Money View loan apps. Founded in 2014 by Sanjay and Puneet Agarawal as a money management application for Gen-Y and Gen-Z, the company has launched its lending platform, which is one of the best in the country for quick, short term loans.

At a Glance

  1. Any amount between ₹10,000 to ₹500,000
  2. Flexible repayment from 3 to 60 months 
  3. 24-hour approval & transfer 
  4. Lowest interest rate starting from 1.33% per month 
  5. Trusted by more than 1 crore Indians

Bajaj Finserv: Apply for Instant Personal Loan

No matter which generation you are from, chances are that you have heard of the name Bajaj at least once. The brand, which is now a conglomerate of many different businesses, has become a household name in India thanks to its great service and loyalty to customers. Bajaj Finserev, the lending company of Bajaj, has come up with a service wherein you can borrow up to Rs.25 lakh with instant approval. 

At a Glance

  1. Personal Loan up to Rs.25 lakh
  2. No collateral needed
  3. Quick and instant approval 
  4. With our flexible tenors ranging up to 60 months
  5. Brand trust & guarantee from Bajaj

Cashkumar: Peer to Peer Lending in India

A relatively new entrant in the industry, CashKumar is a favorite among the many young earners in India. Started by 3 friends from IIM and IIT, this young fintech startup was founded in 2014, and since then, the company has slowly but surely gained momentum and traction among young earners and borrowers.

At a Glance 

  1. Lend any amount between ₹20,000 to ₹150,000
  2. Repay between 3 to 12 months
  3. Zero pre-closure charges
  4. No collateral needed
  5. Backed by the best alumni in India

Loan Baba: Compare and Apply Loans Online in India

A fintech startup based out of the financial capital of India, Mumbai, LoanBaba is a well-known name in the mini loan and short term instant loan industry. The company which primarily works through their website offers a variety of short-term loans starting from Credit Card loan, Instant loan, Loan against property, loan against gold and also home loan. One of the biggest USPs of LoanBaba is the fact that they have tie-ups with some of the most trusted banks in India, starting from SBI all the way to HDFC and Kotak. 

At a Glance

  1. Variety of loans on offer
  2. 2 hours or less approval process
  3. Quick loan amount between ₹10,000 to ₹50,000
  4. Paperless process 
  5. Flexible repayment schedule

Credy: Apply for Instant Personal Loan

If you are an individual who shops using their credit card a lot, then you must have heard about Credy by now. Started as a credit card financing company, it grew famous when it introduced an approval process that does not solely rely on the credit score of the individual but also takes into account various other factors of approval. 

At a Glance

  1. Education Loan, Emergency Loan, and Credit Card Financing Available Up to  1 Lakhs
  2. Repay between 3 to 12 months
  3. Money is transferred in 24 hours or less
  4. Allows for applicants with low CIBIL score as well
  5. Fast & Reliable Service

Conclusion

Getting a loan in India of 2020 has become a cakewalk thanks to the many startups who are focusing all their efforts solely on this. All you need to do is to make sure that you have a decent credit score, a few documents handy and you will get your ₹50,000 straight to your bank account within 24 hours or less.

Author Bio: Surya Patra is a qualified webmaster by profession and Marathon Runner/Cyclist by passion with more than 6+ years of expertise in the financial domain. Surya is also an entrepreneur, enthusiastic in storytelling, content writing, and digital marketing professional.

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Meditation will bring peace of mind, learn how to meditate. Stress-relieving therapy

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John Nolan , Joy TaylorWorks as a mindfulness teacher and therapeutic coach. His background is in counselling, holistic bodywork, NLP (neuro linguistic programming), ACT (Acceptance and commitment therapy), hypnosis and transactional analysis.  His special interests are helping people deal with trauma, depression and overcoming adversity.

Painful life is a victim of mental depression or anxiety, keep some time in your own hands, you will find relief No matter how many headaches there are about physical health, but how much everyone is worried about mental health remains a question. As a result of the constant increase in stress in the brain, its effects can be noticed in the body and mind. And there is only one way to deal with this problem, meditation.

Today is World Meditation Day. Meditation is the ability to remove all thoughts and focus on only one thing. Meditation is also a form of meditation, the various problems of society that affect everyone’s mind, to keep oneself mentally away from those subjects for some time.The lasting answer for this condition lies in common treatment and private therapy in havening.

Benefits of meditating:

• Meditation helps to increase concentration. Increases the ability to concentrate on any subject.

• Meditation increases the brain’s ability to hold information, meaning it helps to increase memory.

• Helps to relieve mental fatigue. Meditation eliminates thousands of thoughts, work stress and

physical fatigue throughout the day.

• The chances of suffering from mental depression are also reduced.

• This solves the problem of loneliness, anxiety, etc. It builds a good habit.

• This habit will increase confidence.

• Patience will increase, you will get rid of the problem of getting excited in words.

How to meditate:

• Choose an empty space to meditate.

• When you meditate in the morning, the freshness of nature also touches your mind.

• After light clothes, calm your mind and sit for 20 minutes.

• The environment should be pleasant and clean.

• Now you have to sit straight on the seat and close your eyes.

• You can continue any meditation music. Because it is not possible to bring the mind under one’s

complete control from the first day. It has to be increased through practice.

• Then try to concentrate by remembering one of the focal points in one’s mind. Meditation can also be

done by chanting Om without the help of music.

• Forget all the thoughts around you and relax your brain for a while.

 • Sit still and meditate, in many cases meditation can be started by praying.

Mindfulness Mavericks was begun by John Nolan and Joy Taylor, two Sheffield based Mindfulness/Meditation specialists each with more than 20 years experience and havening therapy in havening in the fields of normal wellbeing improvement, self-awareness and psyche/body mending.

They’ve prepared and concentrated widely with numerous excellent educators in their particular wellbeing and prosperity related fields including Paul McKenna, Richard Bandler (Co-maker of NLP) and Shamash Alidina (Author of Mindfulness for Dummies and a few other care books).

We’d love to hear from you. Please leave a message by filling the contact form below. https://mindfulnessmavericks.co.uk/

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4 Tips for Customer-Centric Selling

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It’s easy to find platitudes like “the customer’s always right” and “the client comes first.” But actually putting this advice into action can be challenging.

This is true whether you’re a salesperson or you’re overseeing a team of sales representatives. Either way, it’s important that you invest the time in figuring out how to truly put the emphasis on the customer.

Here are some tips and suggestions to help you create a customer-centric selling strategy.

1. Start with the Numbers

Any good customer-centric sales process should be built on an analytical foundation. This helps you avoid wasting valuable time trying different things that don’t work. Successful sales analytics breaks down existing information in order to find out, among other things, valuable customer insights. These can then be used to target and inform a customer-centric sales strategy.

For example, analyzing past customer behavior and data can help you understand several things. It can reveal customer problems and concerns. It can also help you understand common preferences. This can enable you to segment and personalize your sales process.

In addition, things like email tracking can provide tremendous insight into customer behavior. You can see who is opening your email, how much content they’re reading, what links they click on, and so on.

Collecting customer feedback is another excellent way to implement analytics. You can request feedback regarding products and services, the sales experience, your website, shipping, and even customer support. As you gain information, you can use this to help target your sales strategy towards the customer.

On top of that, it’s wise to implement a customer relationship management (CRM) tool. This can gather and organize all of the known information about existing customers. Quality CRM software can also offer other tools, such as marketing automation, personalization, and customer support. All of these can further help you focus on putting the customer first.

From analytics software to email tracking, collective feedback, and CRM software, there are many ways to use information in the sales process. If you want to put the customer first, a solid sales analytics foundation should be in place. This gives you a look at past and present customer information to help inform and improve customer-focused interaction in the future.

2. Foster the Right Soft Skills

All salespeople need soft skills. Interpersonal interactions and the transfer of information always require some amount of people skills. However, if you want to put the customer first, you need to ensure that you or your team have the soft skills to do so. There are many soft skills that can smooth this process. Three of the most important include:

  • Communication: Two-way communication is key to customer-centric selling. Use tools like active listening to help understand each customers’ pain points. From there, you must avoid the temptation to simply push your own sales solutions. Instead, use the information to help find and fit solutions to their problems.
  • Empathy: Putting the customer first requires the ability to understand and empathize with them. Once again, quality listening helps with this. Reflecting information and sentiment back to the customer can demonstrate that you understand them. It can also show that you’re interested and invested in helping them.
  • Adaptability: Prioritizing the customer requires a certain degree of flexibility. You must be willing to adapt to whatever situation or circumstances a client may find themselves in. You should also be ready to adjust timelines and other expectations to match your customer’s needs whenever possible.

It doesn’t matter what you’re selling or who you’re selling it to. If you don’t have soft skills like these, it will be challenging to get the job done.

If you’re a team leader, look for job candidates that have these skills. Cultivate them within your existing staff as well. If you’re a salesperson yourself, it falls to you to hone your soft skill set. The better it is, the easier it will be to prioritize your customers.

3. Anticipate Customer Needs

Anticipating your customers’ needs is another great way to center the selling process on the end-user. This can come through the utilization of both of the first two tips.

You can use data and analytics to gain insight into common customer needs. From there, you can use things like communication and adaptability to understand each individual customer’s current issue. You can then direct them toward existing solutions that you have already set up.

One clever way to do this is to create an omnichannel selling experience. The goal is to bring all of the touchpoints where a user interacts with your brand together into one seamless experience. This knits every customer interaction into a single-minded focus on your overall product and brand.

An omnichannel retail strategy is a great way to put the customer first. It resists the classic approach of taking a prospective customer and plunking them at the beginning of a sales pitch. Instead, it adapts to wherever each individual is in the customer journey.

If they’re seeking information about a problem, make sure you can provide it. If they already understand their need, you can offer expertise on the different solutions available. If they’ve decided on which solution they want, you can help them make a purchase.

Omnichannel marketing is a great way to bring a customer-centric focus to your selling strategy.

4. Be Accessible

Analytics, soft skills, and anticipating customer needs are all important. At the end of the day, though, if you want to put the customer first, you have to be available to them. It’s as simple as that.

Accessibility should be a priority for every customer-centric sales strategy. This should start from the first point of contact and continue throughout the sales process. It should also carry past the point of a sale through prompt customer service. By being accessible, you show the customer that you’re ready and willing to do everything you can to solve their problems. From calculated analytics to nuanced soft skills, customer anticipation to steady accessibility, there are many ways to focus your selling on the customer. By utilizing these four tips together, you can create a synergistic selling strategy. Used in concert, all four can help you put your best foot forward every time a customer makes contact with your brand.

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Using a Free Web Builder vs Hiring a Designer

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When it comes to making a new website, many people these days are flocking to some of the free tools that exist online such as Wix and GoDaddy web builders. In this article we look at some of the pros and cons using these versus getting a professional web designer:

Ease of Use

As technology improves on a day-to-day basis, web or page builder are becoming better and better, and therefore much easier to use even for those with zero programming experience. Whereas in years gone by, you would need at least some experience using HTML for example, nowadays you can literally create the whole website with no knowledge at all of tags and code. This means it is much more accessible to the mass market, and literally everyone now can create their own website.

Hidden Costs

One of the key disadvantages of some of the popular ‘free’ website builders is the hidden costs that are involved. Although you can make the site free of charge, the hosting costs are very expensive in relation to a normal website host. In most cases, if you have a cheap web designer on board for your new website, it makes much more financial sense to hire a designer. However, if you are using WordPress (which requires a little bit more knowledge), then you have the best of both worlds, when it comes to a free website builder.

Time

Depending on which page builder you are using, you will need to be able to dedicate quite a bit of time to upgrading and maintaining your website. If you are using something like WordPress for example, then you will need to bring yourself up to speed on security. Although WordPress is a free page builder, it really does have numerous security weaknesses, that can quite easily catch out a website novice. With that being said, there are now lots of very easy to use plugins such as Word Fence that can do a lo of the heavy lifting for you, and really are just a one click install.

Display on Different Devices

One of the key things in today’s age is ensuring that your website looks great on all the different devices. For a novice website designer, there can be issues that you will run into whereby the website does not display exactly as you need it do on different devices. Even though this is improving all the time as well, this is where you might need some knowledge of code to make your website look great on all the different devices. When you consider that more people view websites on smaller devices these days, than the traditional desktop, it really is quite an important factor.

Website Page Speed Then there is the speed of the website. Google and other search engines now use the page load time as a ranking factor. Again, if you are using WordPress you will be able to use plugins to help you. However many of the other free website builders just don’t have these options, and so this can be a major drawback for some.

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