Archive for the ‘finances’ Category

Self Directed IRA

Thursday, January 26th, 2012 |

An IRA or Individual Retirement Account is one’s financing security when he or she retires. A self directed IRA is owning of a Limited Liability Company (LLC) which becomes the ICO (Individual COmpany, a combination of the IRA and LLC). Funds from the IRA can actually be legally transfered to the ICO exchanging with the unit shares of the ICO. With this, one can buy a real estate property with a lower cost because of the deferred capital gains through the IRA. The downpayment can be financed by the IRA through the ICO.

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Infinite Banking

Tuesday, January 24th, 2012 |

Infinite banking is the capability of loaning from your own life insurance policy without losing money.

Most do know about the usual way of having a loan. You apply, say, in a bank, and depending on your capacity to pay, the bank will only give you a certain maximum loan. Together with that, the interest you have to pay. On a monthly basis you will have to pay including the interest for the duration of the loan. In the end, the bank earns that interest. If you fail to pay on time, the more earnings the bank will have because you will be penalized for a certain fee.

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Learning from Debts

Monday, August 8th, 2011 |

Who doesn’t have any debts here? Well, probably some of my readers don’t have any but as for me, I have tons of debts that it is so overwhelming that sometimes I just want to get stuck in bed sleeping and not think of it for at least a moment.

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Owning a Motorcycle Can Save You Money

Thursday, June 16th, 2011 |

With the continuous rise of fuel prices, people who own more than one car are starting to look for cheaper options that would allow them to save money on gas. Of course, they still want their everyday commute to be convenient for them especially if they need to go to work 5 days a week. So totally giving up their individual modes of transportation is definitely out of the question. Now what can these people do? They don’t have to part ways with their cars. But let’s say a person owns 2 cars. That would mean fuel expenses for both cars and that doesn’t come cheap.

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Dig Your Way Out of Debt with Bad Credit Paycheck Advance

Wednesday, June 15th, 2011 |

Consumer credit makes the world go round these days. That fact is very much evident in the way that each and every person in the world nowadays is somehow imprisoned by debt in one way or another. This indebtedness has been brought about by the uncanny charm plastic money has on people causing them to spend and splurge more than what they are earning. Sometimes where credit cards are concerned, people forget that there has to be limits in owning one and if these limits are ignored, one could go on spending and living off on his or her card.

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