If you're looking for a job in banking, or a financial career of any sort you'll know there's a lot of competition out there. In 2007 a lot of the big banks have cut back on top recruitment of top level staff, an effect that has filtered down to all steps on the financial career ladder. However there's still jobs available for the right candidate- whether graduate or trainee- right through to director level specialists and getting on the books of a reputable and specialist banking and financial recruitment agency is the best way to ensure your new or change of career in finance or banking is as successful (and easy) as possible. Below are some pointers on choosing a good agency.
Are they specialists?
Your search for a new job will likely start online and you'll soon become aware there's no shortage of job boards and virtual recruitment agencies out there claiming to specialise in all sectors of recruitment- but do they genuinely know the financial sector, and more importantly know about getting the best placements in banks and finance houses in the UK, Europe or Internationally? The first thing to do is talk to an agent- you'll soon get a feel for what they know and where their priorities lie.
Are they committed to you?
Do you have dedicated recruitment specialist working on your behalf, someone you can pick up the phone and talk to, turn to for advice on interviewing or when it comes to choosing the job that's right for you? Check whether you will have one point of contact- usually smaller, more specialist agencies will be better for this than the big multi-sector recruiters.
Can they get you a job?
At the end of the day this is what you care about- getting your dream job which will push your banking or financial career forward. You need an agency with access to the top positions at the top banks and financial firms, who can speak directly to their recruitment teams and recommend you for the right positions. A good financial recruitment agency will be able to demonstrate their track record of placing candidates at the top banks, just ask.
Once you've got a job offer what do they do?
A good financial recruitment agency will look to line you up with several interviews for jobs you are suitable for. If the agencies have done their job properly they should know the sort of role you are best suited too and so your success rate at the interview stage should be higher than if you are blindly promoting yourself. Hopefully you will have a number of job offers pretty soon- the agency then has the job of negotiating to get you the best employment package from your prospective employers and also advising you on what the vacancy will be best for your career.
Don't forget, when you're looking for a new job or change of career in the banking, leasing, asset finance or any financial sector an agency is a great place to start. But also remember the agency works for you, they should value you and your skills and work hard to ensure you get the career you want. If not, show them the door! Good luck in your hunt for a better job in finance.
Showing posts with label Good. Show all posts
Showing posts with label Good. Show all posts
Wednesday, December 12, 2012
Friday, November 23, 2012
Bad Debt Vs. Good Debt: A Guide To Good Money Management
In today's economy, people tend to think that any debt is bad. While the ideal is to live debt free, that is not possible for many people. It is true that many types of debt will only hurt you in the long run, but there are some types that can be good for you. Learning to differentiate bad debt vs. good debt is an important aspect of wise money management.
What Is Good Debt?
In a nutshell, good debt is any type of debt that will benefit you in the long run. In other words, any debt that provides you a net gain can be considered good. This means financing a purchase which will appreciate in value, or paying for educational opportunities that will enable you to get a job with higher pay. Although you have to take out debt to begin with, in the long run you will be better off for having done so.
A classic example of good debt is the student loan. Taking out a student loans enables you to go to college or to pursue career training, which will pay off by helping you find a better career with higher pay. At least it should, its not advisable to borrow solely to get a degree in basket weaving as the saying goes. Student loans become bad debt if you choose a major that will not get you a good job. However, simply possessing a degree may open more doors to you, so it may still be good debt if you use it to further your goals.
Mortgages are another example of a situation where the distinction between bad debt vs. good debt is not so clear. If your house appreciates in value, then it is good debt. However, with the collapse of the housing market many people are finding themselves upside down on their mortgages, which means you may owe more than your home is worth. That can quickly turn it into a poor investment.
As you can see, it is important to carefully choose what good debt you take on to make sure it actually will pay off in the end.
However, if you plan carefully you will likely benefit and you can work to invest only in good debt and work to move bad debts into the good category.
What Is Bad Debt?
Bad debts are any balances owed on an item that depreciates, or decreases in value. For example, using a store credit card to buy clothing is bad, because the first time you wear that clothing it will be worth much less than what you paid for it. Sometimes this kind of debt is almost impossible to avoid, such as if you lose your job suddenly and need to put some expenses on credit cards to get through.
However, that should be paid off as quickly as possible and efforts made to avoid this type of borrowing.
Car loans are another classic example of bad debt. They may be necessary if you need transportation and cannot afford a car on your own, but you should strive to minimize the amount you owe and pay it off quickly. Cars depreciate very quickly, particularly luxury cars or other more expensive vehicles.
If you are having trouble determining whether something is bad debt vs good debt, just ask yourself whether it will be worth more in five years than it is now, or whether you will make more money off of it.
For example, a student loan could be good debt, but a personal loan taken to finance a vacation would be bad debt. One will pay off in the future, while the other will just leave you paying a lot of interest.
Bad debt is easily avoided by living within your means and saving up for large purchases rather than giving in to the temptation of putting them on a credit card. Even borrowing from friends or family in a pinch is better than paying on a high-interest credit card.
Getting Out Of Debt
If your ultimate goal is to become debt free, the best way to do that is to focus on getting rid of your bad debt first. Pay the minimums on any good balances you have, but pay substantially more than the minimum on bad debts. If you are just paying your minimum credit card payments every month, you will be paying them off for a long time and paying much more in interest than you need to. Credit cards generally have higher interest rates than mortgages or student loans as well, so it makes sense to pay the cards down first. Once that is done, you can begin focusing on paying off your other bad credit lines and avoiding any additional borrowing.
Figuring out which is bad debt vs. good debt can be tricky at times, but is fairly straightforward if you keep in mind the 5 year benefits test. The most difficult part about it is being totally honest with yourself. Think carefully before you take on any new debt in order to make sure you are making choices that will benefit you in the long run. With a little careful planning and practice it will be easy to make good financial choices.
If you're serious about learning how to have a good money management and make the right decision in choosing the right debt.. If you are sick of making the wrong debt choice... then you found the right person. I'll make it easy and enjoyable for you... AND NOT BORING!
First, click the link below to get the powerful help you need to deal with money problems now. This will get you the immediate proactive help you need now.
Second, look around my website as there are a number of other resources to help, including industry leading offers, money tips and advice as well as do-it-yourself action plans if you prefer just to know how.
Third, with my advice you can stop bill collectors harassing you financially, eliminate your uncertainty, and get yourself back to confidence knowing you've made the right choice and finances are managed properly.. You've heard it all before... I get it. But we've helped save MILLIONS already, and know all the 'tricks' in the book to help you get the most that you can.
Fourth, there is no fourth. Simply enjoy the resources we compiled for your benefit, take action, and use the savings on whatever you wish! If you don't find a solution to your right now financial emergency... I'd be amazingly surprised!
What Is Good Debt?
In a nutshell, good debt is any type of debt that will benefit you in the long run. In other words, any debt that provides you a net gain can be considered good. This means financing a purchase which will appreciate in value, or paying for educational opportunities that will enable you to get a job with higher pay. Although you have to take out debt to begin with, in the long run you will be better off for having done so.
A classic example of good debt is the student loan. Taking out a student loans enables you to go to college or to pursue career training, which will pay off by helping you find a better career with higher pay. At least it should, its not advisable to borrow solely to get a degree in basket weaving as the saying goes. Student loans become bad debt if you choose a major that will not get you a good job. However, simply possessing a degree may open more doors to you, so it may still be good debt if you use it to further your goals.
Mortgages are another example of a situation where the distinction between bad debt vs. good debt is not so clear. If your house appreciates in value, then it is good debt. However, with the collapse of the housing market many people are finding themselves upside down on their mortgages, which means you may owe more than your home is worth. That can quickly turn it into a poor investment.
As you can see, it is important to carefully choose what good debt you take on to make sure it actually will pay off in the end.
However, if you plan carefully you will likely benefit and you can work to invest only in good debt and work to move bad debts into the good category.
What Is Bad Debt?
Bad debts are any balances owed on an item that depreciates, or decreases in value. For example, using a store credit card to buy clothing is bad, because the first time you wear that clothing it will be worth much less than what you paid for it. Sometimes this kind of debt is almost impossible to avoid, such as if you lose your job suddenly and need to put some expenses on credit cards to get through.
However, that should be paid off as quickly as possible and efforts made to avoid this type of borrowing.
Car loans are another classic example of bad debt. They may be necessary if you need transportation and cannot afford a car on your own, but you should strive to minimize the amount you owe and pay it off quickly. Cars depreciate very quickly, particularly luxury cars or other more expensive vehicles.
If you are having trouble determining whether something is bad debt vs good debt, just ask yourself whether it will be worth more in five years than it is now, or whether you will make more money off of it.
For example, a student loan could be good debt, but a personal loan taken to finance a vacation would be bad debt. One will pay off in the future, while the other will just leave you paying a lot of interest.
Bad debt is easily avoided by living within your means and saving up for large purchases rather than giving in to the temptation of putting them on a credit card. Even borrowing from friends or family in a pinch is better than paying on a high-interest credit card.
Getting Out Of Debt
If your ultimate goal is to become debt free, the best way to do that is to focus on getting rid of your bad debt first. Pay the minimums on any good balances you have, but pay substantially more than the minimum on bad debts. If you are just paying your minimum credit card payments every month, you will be paying them off for a long time and paying much more in interest than you need to. Credit cards generally have higher interest rates than mortgages or student loans as well, so it makes sense to pay the cards down first. Once that is done, you can begin focusing on paying off your other bad credit lines and avoiding any additional borrowing.
Figuring out which is bad debt vs. good debt can be tricky at times, but is fairly straightforward if you keep in mind the 5 year benefits test. The most difficult part about it is being totally honest with yourself. Think carefully before you take on any new debt in order to make sure you are making choices that will benefit you in the long run. With a little careful planning and practice it will be easy to make good financial choices.
If you're serious about learning how to have a good money management and make the right decision in choosing the right debt.. If you are sick of making the wrong debt choice... then you found the right person. I'll make it easy and enjoyable for you... AND NOT BORING!
First, click the link below to get the powerful help you need to deal with money problems now. This will get you the immediate proactive help you need now.
Second, look around my website as there are a number of other resources to help, including industry leading offers, money tips and advice as well as do-it-yourself action plans if you prefer just to know how.
Third, with my advice you can stop bill collectors harassing you financially, eliminate your uncertainty, and get yourself back to confidence knowing you've made the right choice and finances are managed properly.. You've heard it all before... I get it. But we've helped save MILLIONS already, and know all the 'tricks' in the book to help you get the most that you can.
Fourth, there is no fourth. Simply enjoy the resources we compiled for your benefit, take action, and use the savings on whatever you wish! If you don't find a solution to your right now financial emergency... I'd be amazingly surprised!
Thursday, June 21, 2012
Easy Payday Loans
An easy payday loan is a great way to cover expenses when you are short on cash. This type of small loan is ideal for such expenses as a late phone bill, a replacement tire, covering a dental bill, or even an emergency vet bill. No matter what the situation is, the easy payday loan can help you in your time of need.
However, easy payday loans are intended as loans for the short term and emergencies only. These loans are not to be considered supplemental income and should not be used for trivial situations. Using an easy payday loan for something you truly do not need can throw you deeper into debt or even hurt your credit.
It is best to use easy payday loans for something you need, like an unexpected bill to repair your car so you can get to and from work, or to cover that last dental visit. You should not use your easy payday loan to cover a shopping spree or a new hair style. It is also unwise to take out a payday loan to gamble or to pay off another payday loan. Reasons you should not abuse a payday loan in this way is that payday loans have rather high loan fees, usually up to 25%. If you take a payday loan out for something you do not need, you are not handling your money wisely.
Always make use of payday loans with care and responsibility. Before deciding to accept a lender's loan terms, always be sure to read the fine print and look for any hidden fees or costs that they may have. Be sure you understand the repayment schedule. Furthermore, it should go unsaid that you should only borrow what you know you need not what you want to spend. This way, when it comes time to repay, you will be able to afford to do so.
However, easy payday loans are intended as loans for the short term and emergencies only. These loans are not to be considered supplemental income and should not be used for trivial situations. Using an easy payday loan for something you truly do not need can throw you deeper into debt or even hurt your credit.
It is best to use easy payday loans for something you need, like an unexpected bill to repair your car so you can get to and from work, or to cover that last dental visit. You should not use your easy payday loan to cover a shopping spree or a new hair style. It is also unwise to take out a payday loan to gamble or to pay off another payday loan. Reasons you should not abuse a payday loan in this way is that payday loans have rather high loan fees, usually up to 25%. If you take a payday loan out for something you do not need, you are not handling your money wisely.
Always make use of payday loans with care and responsibility. Before deciding to accept a lender's loan terms, always be sure to read the fine print and look for any hidden fees or costs that they may have. Be sure you understand the repayment schedule. Furthermore, it should go unsaid that you should only borrow what you know you need not what you want to spend. This way, when it comes time to repay, you will be able to afford to do so.
Monday, June 18, 2012
How To Determine If A Deal Is Good For Real Estate Investing
Being able to recognize a good deal is crucial to the success of a in real estate investing business. While you may come across so many properties for sale, not all of them qualify as profitable real estate investments.
So how do you tell which deals to pursue and which ones to trash?
You must follow a simple business model to be a successful real estate investor. It is necessary to develop ball-park figures that help you analyze deals whether you wholesale properties, do lease options, fix and flip, keep as rentals, etc.
The following 3 steps apply when analyzing your deals:
1) Pre-screen your sellers
You must pre-screen all your motivated sellers to gather all the information necessary to analyze your deals. It is important that you invest in a real estate investor website that helps you pre-educate motivated sellers, pre-screen them and pre-negotiate with them.
The information you receive through your website is enough to know if you have a deal or not.
If you still have to pre-screen motivated sellers over the phone, then you must have a script with simple questions that provide all the numbers you need to make a quick calculation.
2) Run comparable sales
You then need to determine how much the house would cost TODAY if it was sold in perfect condition.
3) Analyze your offer
Armed with this information, you can then determine if you have a deal or not. Of course, the mortgage balance and the asking price are the main determining factors when making this determination.
a) Wholesale deals
If the house costs 70 cents on the dollar minus repairs or lower, it probably qualifies as a wholesale deal. You should aim for 65% minus repairs in a poor real estate market.
You must also calculate your profit in this calculation. So if you want to make 00, your buying price would be 65% minus repairs minus 00.
You have to remember that the lower your buying price, the lower you can flip it and the faster you can sell it.
b) Rentals and lease options
If the house needs no repairs and does not qualify as a wholesale deal, then it probably qualifies as a good deal for rentals and lease options.
You therefore need to know the rental rates in the area. Obviously, the monthly mortgage payment must lower than the rental rates for this to be a viable deal. For example if the mortgage payment is 50 and the rental rate is 00, you have at least 0 monthly cash flow.
It is a good idea to use the rental rates for lease options, though you can fetch a higher monthly payment with a lease option.
It is always important to have equity in the deal for this to work.
c) Short sales
A short sale is viable if none of the options above cannot work and the mortgage payments are late.
You can get better results with properties with more than one mortgage.
We have covered short sales in separate articles.
So how do you tell which deals to pursue and which ones to trash?
You must follow a simple business model to be a successful real estate investor. It is necessary to develop ball-park figures that help you analyze deals whether you wholesale properties, do lease options, fix and flip, keep as rentals, etc.
The following 3 steps apply when analyzing your deals:
1) Pre-screen your sellers
You must pre-screen all your motivated sellers to gather all the information necessary to analyze your deals. It is important that you invest in a real estate investor website that helps you pre-educate motivated sellers, pre-screen them and pre-negotiate with them.
The information you receive through your website is enough to know if you have a deal or not.
If you still have to pre-screen motivated sellers over the phone, then you must have a script with simple questions that provide all the numbers you need to make a quick calculation.
2) Run comparable sales
You then need to determine how much the house would cost TODAY if it was sold in perfect condition.
3) Analyze your offer
Armed with this information, you can then determine if you have a deal or not. Of course, the mortgage balance and the asking price are the main determining factors when making this determination.
a) Wholesale deals
If the house costs 70 cents on the dollar minus repairs or lower, it probably qualifies as a wholesale deal. You should aim for 65% minus repairs in a poor real estate market.
You must also calculate your profit in this calculation. So if you want to make 00, your buying price would be 65% minus repairs minus 00.
You have to remember that the lower your buying price, the lower you can flip it and the faster you can sell it.
b) Rentals and lease options
If the house needs no repairs and does not qualify as a wholesale deal, then it probably qualifies as a good deal for rentals and lease options.
You therefore need to know the rental rates in the area. Obviously, the monthly mortgage payment must lower than the rental rates for this to be a viable deal. For example if the mortgage payment is 50 and the rental rate is 00, you have at least 0 monthly cash flow.
It is a good idea to use the rental rates for lease options, though you can fetch a higher monthly payment with a lease option.
It is always important to have equity in the deal for this to work.
c) Short sales
A short sale is viable if none of the options above cannot work and the mortgage payments are late.
You can get better results with properties with more than one mortgage.
We have covered short sales in separate articles.
Friday, May 25, 2012
Choose Good Role Model
It is naturally to have a role model at young age. The idols influence on young people's behavior, on the way they speak or dress, affect on the acts they take, the choices they make Basically the term role model refers to the positive role models, but in praxis is not always like that, for example the celebrities often choose to build an image of a rebel and young people find it more attractive than the image of lamblike person that speaks about peace in the world.
When we speak about role models, the term is also related with idolatry that describes only the bad side of its meaning. It is little bit immature for an adult to believe blindly in some ideology, unconditionally bonding with the subject of his worship. It seems like helpless connecting to character from the favourite rpg games, but actually choosing a good role model could give many benefits in life, if you choose wisely. If a person is influenced correctly, the role model could help become better and inspire to make a difference. Here are some steps how to choose good role model.
- A good role model is a person that knows who he is, he doesn't pretend that he is someone else, just to be good for other people. Find a person who has a lot of confidence in his abilities, someone who is down will bring you down too.
- Find someone who is kind and can interact well with people, someone that doesn't always take credit for what he does.
- It's good to be someone who appreciate uniqueness and who is similar to you in some kind of way. Maybe it's about the person you want to be but it's desperate to try to be something that is opposite of your own nature. It should be someone that makes you feel good about being yourself, you should not compare with him wishing you were prettier. Emulate him, but put your own individuality into the things he does.
- Look for someone who lives his life the way you would like to. If you want to be a famous musician, your role model could be someone who is successful at playing or composing.
- True role model are those who possess the qualities that we would like to have and those who have affected us in a way that makes us want to be better people. We often don't recognize our true role models until we notice our own personal growth and progress.
- Your role model doesn't have to be a real person, or someone who is alive. It may be a character from a book. If you need an advice ask your self "What would he/she do in my position?"
And last, you should be aware that some poorly chosen role models may direct you to a wrong place where you don't want to be, so be careful.
When we speak about role models, the term is also related with idolatry that describes only the bad side of its meaning. It is little bit immature for an adult to believe blindly in some ideology, unconditionally bonding with the subject of his worship. It seems like helpless connecting to character from the favourite rpg games, but actually choosing a good role model could give many benefits in life, if you choose wisely. If a person is influenced correctly, the role model could help become better and inspire to make a difference. Here are some steps how to choose good role model.
- A good role model is a person that knows who he is, he doesn't pretend that he is someone else, just to be good for other people. Find a person who has a lot of confidence in his abilities, someone who is down will bring you down too.
- Find someone who is kind and can interact well with people, someone that doesn't always take credit for what he does.
- It's good to be someone who appreciate uniqueness and who is similar to you in some kind of way. Maybe it's about the person you want to be but it's desperate to try to be something that is opposite of your own nature. It should be someone that makes you feel good about being yourself, you should not compare with him wishing you were prettier. Emulate him, but put your own individuality into the things he does.
- Look for someone who lives his life the way you would like to. If you want to be a famous musician, your role model could be someone who is successful at playing or composing.
- True role model are those who possess the qualities that we would like to have and those who have affected us in a way that makes us want to be better people. We often don't recognize our true role models until we notice our own personal growth and progress.
- Your role model doesn't have to be a real person, or someone who is alive. It may be a character from a book. If you need an advice ask your self "What would he/she do in my position?"
And last, you should be aware that some poorly chosen role models may direct you to a wrong place where you don't want to be, so be careful.
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