Money Management Guide

The Importance Of Survival Silver

GuestPoster — Wed, 09 Nov 2011 05:11:03 +0000

On survival blogs and forums, buying junk silver coins is gaining momentum due to uncertainty in the financial markets. The term “survival silver coins” is a term giving by people who believe that the bottom is going to fall out of our monetary system and that it’s a prudent move to have an emergency supply of food, water, clothing, and money to survive the possible closure of the US banking system. Having an emergency supply of silver in your possession is like having an emergency supply of food and water. So what is “survival silver”? Prior to 1965, US coins were minted with 90% pure silver and today these worn and circulated coins are referred to as junk silver. These coins contain 90% silver. They have withstood the test of time as real money and will continue to do so even if the US dollar becomes worthless because of the underlying value of silver.

Most people who buy silver bullion coins do so for three main reasons-as an investment vehicle, a hedge against inflation, or for survival purposes. The concern of most people is the safe return of their money as opposed to the rate of return. Governments that start out with good intentions become hungry monsters that eat up their citizens savings through taxation and inflation.

The Secrets To Finding Discount Silver

Independently Owned Coin Shops

Honestly, I would go to your local coin dealer first. Getting to know your local coin dealer will compliment your online buying by providing you with personal service and instant knowledge of current market conditions. The benefits of personal relationships with local vendors will be priceless during turbulent times. I make it a practice to buy both locally from several vendors and online for my precious metals. While I am not well known to any of them, they know me because I often bring in both of my boys to look for rare coins.

Though I prefer local coin dealers for buying silver bullion, I also buy silver coins from online dealers to spread out my silver buying from various sources. You can find incredible deals online for survival silver that is just pennies over the spot price.

Golden Eagle Coin Dot Com

Golden Eagle Coin is a locally owned company started by two coin enthusiasts that has grown into one of the most respected gold and silver companies in the United States. Golden Eagle coins caters both to numismatic buffs and silver investors. Golden Eagle coin has a small business feel and you will be treated as well from them as any local coin dealer.

I have purchased a $100 face value bags of half dollars and quarters and need to increase my supply of dimes for making change.

Reasons Why Owning Silver Bullion Makes Sense

People who purchase gold and silver coins for survival purposes are expecting the worst case scenarios that have happened throughout the centuries. I am not one given to conspiracy theories. It seems that everyday there are new stories about financially struggling nations. The United States Government via the Federal Reserve has tripled the money supply essentially making each dollar worth approximately 1/3 of it’s value. Since the US dollar has already outlive the average life expectancy of 27 years for a fiat currency, experts are starting to see signs of failure as the Federal reserve keeps the virtual printing pressing rolling. In 1971, President Richard Nixon took the United States off the gold standard to keep foreign nations from turning in their excess dollars and exchanging them for gold. By doing this, he started the run up on the amount of dollars in circulation competing for goods and services. The run up is more commonly known as inflation.

Paraguay and Argentina barred the doors to their banks in 2002 to prevent a run on their currencies. The few people that had the foresight to save part of their money in hard assets like gold and silver fared very well. Eventually, the banks opened their doors and the people could withdraw only limited amounts of cash from their accounts. During the bank closure, the currencies of both countries sank in value. At the same time, neighboring Brazil had financial difficulties of it’s own and defaulted on a large portion of it’s international debt.

Similar to a forest fire burning excess ground cover and dead trees, the free market when left to do it’s work cleans up the financial chaos. No matter how hard the government tries to tinker with their currency, the free market will eventually prevail by crumbling the fiat currencies as well as the governments. Unfortunately, dictatorships often take over the failing government.

I am not an expert on any of these political matters. I have read what has been repeated dozens of time throughout history by greedy politicians and corrupt bankers. When economies fail, people will still need to eat food and drink water to survive. Business will still be conducted. However, it will not be business as usual. Some people will prosper as this has happened during every major financial catastrophe in in history. Survivalist prefer tangible assets that have practical uses such an automobile, garden tools, fuel, land, or livestock. Having items that have practical use will be just as good as owning precious metals to conduct your day to day business

Facts on Morgan Silver Dollar Gold Coin

GuestPoster — Fri, 14 Oct 2011 21:38:03 +0000

Morgan silver dollar gold coin, one of the silver bullion coins dealt in by precious metals industry, has a fascinating and rather tumultuous history behind its minting, circulation, ban, reissue and recirculation. It was first minted in the last quarter of the 19^th century, in the year 1978 with the passage of the Bland-Allison Act that had made it mandatory for the treasury to procure at least $2 million to $4 million worth silver per month and mint it into coins to be circulated in the market. The reason behind this was that the country followed a silver standard then and the farmers plus the other professionals believed that due to the increase in the circulation of the Morgan dollar, the inflation level will go higher, which will ultimately be beneficial to them.

The Sherman Silver Purchase Act of 1890 increased the monthly amount of silver to be minted into coins to 140,000 kg for the next one year. The inflation and ultimate recession that ensued in the country led to the bankruptcy of major industrial and financial institutions, prompting the then President of the US to do away with the Sherman Act and mint all the silver in the country into coins so as to tap the increasing inflation. By the year 1904, the US Mints had minted all the silver procured under the Act into silver Morgan dollar and thus in the year 1904, the production of the Morgan dollar was stopped.

Are you wondering about the history of investing in the Morgan Silver Dollar? In the year 1918 an act for resuming the production of these coins with a different design was passed and those that were dated 1921 were called the Peace Dollars. Neither Peace Dollars or Morgan Silver Dollars are eligible for either the gold ira or the silver ira.

At Merit Financial and other precious metals companies, good accountants will tell you that these Morgan dollars are so called because the assistant engraver at the US Mint, George T. Morgan had designed them? The obverse side features a Liberty head, which is essentially the face of a teacher at a Philadelphia school. Date and “E Pluribus Unum” are printed on the obverse side along with the stars on the rim.

On the reverse side, there is an Eagle with its wings outstretched, holding an olive branch in one talon and a bunch of arrows in the other. The words “In God We Trust” along with the denomination and weight of the coin are printed on this side. The denomination of the Morgan dollar is $1 and there are many of them available because the US Treasury and the Federal Government did not call for their destruction or removal out of circulation even when they were not being minted. In the year 2006, Morgan silver dollars were minted to commemorate the foundation of the Old Mint at San Francisco. On the observe side of these coins, a picture of the old mint at San Francisco is there.

What to Expect During Bankruptcy

GuestPoster — Sat, 03 Sep 2011 22:17:03 +0000

Bankruptcy is a word that has been thrown around a lot due to the current economic climate. Despite many people hearing about bankruptcies and knowing that it is an option for their debt issues, many questions still remain. What will happen to you when you file for bankruptcy? How does the process work? Do you really need a lawyer? All of these questions have answers, and many people will be happy to know that in most cases the bankruptcy process goes smoothly.

The bankruptcy process starts out with a petition. Typically this document is prepared by Minnesota Social Security attorneys. The document itself is quite complex and the requirements for the bankruptcy courts are very stringent. This is usually the hardest part of the process and with a good bankruptcy lawyer it is not too difficult. You simply need to give them information about your debts and your financial situation and they will do the rest.

Next comes an Automatic Stay, meaning the creditors cannot come after you to claim their debts. Then the bankruptcy court will send a Notice of Filing and Notice of Stay to the creditors. Afterwards your creditors will meet with you. This is where the bankruptcy Trustee meets with you and your creditors to make sure that everyone is one the same page. You will be asked a few routine questions, and your creditors will voice any concerns they have. Afterwards, you will receive a Notice of Discharge, and then the process is done. Bankruptcy is not a difficult process. As long as you find a good bankruptcy attorney the entire process is usually quite smooth.

If you have any questions, please contact the qualified Minnesota bankruptcy attorneys at 6465 Wayzata Blvd., Suite 780, Minneapolis, MN 55426, (952) 294-0144. They will be able to give you personalized advice and give you specific information about what will happen with your scenario.

All About Secured Credit Cards

GuestPoster — Wed, 24 Aug 2011 10:13:03 +0000

In today’s tough economic climate, consumers are searching for helpful information on how to improve and repair credit. The use of both traditional methods and secured credit cards are among the most popular. Although there are several effective options to assist consumers with this problem; sometimes consumers require a more focused approach. Consultation is the ideal approach for people going through this rough transitional period.

The current tools used by consumers to find and compare secured credit cards has witnessed an increase in quality and quantity in the past couple years. The Internet has become a useful resource in taking the preliminary steps to improving credit. A secured credit card is one of the easiest ways to begin repairing credit. This method generally involves a small cash deposit that varies from $100-$300. Secured credit cards offer a simple way to improve credit.

There are companies that offer secured credit cards such as easy to get student credit cards. You have to consider several factors that effect which company offers the best secured credit card. The most ideal interest rates, annual fees and varying monthly charges make selecting the most appropriate card a difficult process. Some banks consider consumers that use secured cards as high risk. This is the main reason for annual fees. When a consumer is comparing secured credit cards, membership incentives and rewards are always beneficial. These benefits can solidify a company as the most suitable. However, it is important to note that the fine print on any contract should be thoroughly examined.

Although consumers that require secured credit cards may be anxious to begin repairing their credit; it is important to check and re-check all special promotions and advertisements. The most effective way to select the best card is to do personal research and review other consumer testimonials. This will help immensely with selecting the best secured card. The last thing a consumer can do is to make a bad situation worse.

The most important factor in selecting the best secured credit card is to ensure that the bank issuing the card reports positive credit. After consumer credit begins to rebuild, it is vital that the card can become an unsecured card. The best way to select the most suitable card is to conduct personal research. Although this process may be tedious, if properly conducted, the consumer will be on the road to re-establishing their credit.

Why now is the time to plan your retirement

GuestPoster — Fri, 19 Aug 2011 14:30:08 +0000

When you are young, old age seems a long way off. The need to begin to plan for retirement when you are in your early twenties is a difficult concept for most young people to grasp. But rest assured, those that are able to get past that psychological barrier, take the long view and start planning and saving early, are far more likely to enjoy personal and financial peace of mind during their retirement years.

Those who put off retirement planning for too long may find themselves old and nearly destitute, struggling to survive. The quality of life you face in the future depends to a large degree on how well you plan for retirement.

What is retirement planning

The ultimate goal of retirement planning is to ensure that you have enough income to live comfortably and enjoy your interests once you stop working. It’s important to be able to envision your retirement. How do you want to spend your time? Do you want to travel, go back to school, move to Spain, devote yourself to volunteer work, start a part-time business or spend your time pursuing all the hobbies and activities you didn’t have time for when you were working?

How to get started

When you have a clear idea of your objectives and what type of retirement lifestyle you will need to maintain, you can begin to develop a retirement planning strategy that strikes a balance between your objectives and the expenses they are likely to incur.

The next step is to evaluate your current financial situation. Do you have any investments, including pensions and what is their present value? How much money do you, or could you, save each month for investment purposes?

Are you passing up any free-money opportunities? If you are working for a company that offers a pension scheme were the employer matches employee contributions, you should be participating in it; it’s free money. Better yet, if you are lucky enough to work for one of the few employers that still offers a final salary or defined benefit pension scheme make sure you don’t miss out on it.

What else?

You also need to attempt to forecast what your situation will be in the future. At what age do you hope to retire? How long will your retirement funds have to last? Many retirement planning experts suggest that you should plan to fund your retirement for thirty years if you retire in good health at age sixty-five. You can use a pension calculator and an annuity calculator to figure out how much you will actually need to accumulate to achieve these goals.

Summary

The biggest threat to a comfortable retirement is procrastination. One day of not planning, saving and investing will turn into another and before you know it the years fly by. If you don’t already have a retirement plan, the time to start is now.

What Is The Best Way For Kids To Save Money

GuestPoster — Wed, 03 Aug 2011 16:38:04 +0000

As a parent it’s important for your kids to get a good financial education on how money works. It’s also important to be a good role model in showing them how to properly save money even when starting at a young age, after all are kids money habits tend to be a direct reflection of are own.

However you also need to consider where you want to save money for your child as well. A few places that come to mind are your local bank savings accounts, a certificate of deposit, or even a money market account. However one that I suggest over all others is the ING Direct Kids Savings Account, and in this article I will show you just why this account is the way to go.

First off, the reason the ING program is the best kids savings account is because it’s all done online, allowing your kid to be a part of the entire process in showing them why saving money is so important.

Next, saving money for your child is also an investment in their financial future. Today doing even just the normal things in life from going to college, to getting married, to buying that first home cost a good amount of money and by getting your child started early they’ll have a much higher chance of succeeding in life.

Third with the ING Account your child will earn a 1.00% variable interest rate. Now I know that don’t sound like much but if you can tell me any other savings account that is offering more than that I would like to know about it.

Fourth, with the ING account you don’t have to invest a certain amount of money up front to open the account, in fact their is no minimum balance you have to maintain to fund and open the account.

Fifth and finally, their is no fees involved with the ING DIRECT kids savings account. This means more saving for your child over the long run.

In the end the ING Kids Savings Account is a good financial investment for your child. To get started today check ING DIRECT today to open your account.

Tips on Getting Small Business Loans for Veterans in 2011

GuestPoster — Wed, 03 Aug 2011 14:44:05 +0000

If you are veteran who has a startup business which needs funding or if you want to expand your already existing business, you should be aware of the ins and outs of getting a small business loans for veterans so that your chances of getting that application approved will be much better. Here are suggestions from some of the top experts in the market. Incorporate these steps in your life so that you will have a thriving business despite the very competitive market. There are also many reasons you may be declined a bank loan and you want to avoid all of them.

Be ready to offer collateral. The days when you can get something for nothing has long been gone. Today, if you want something you have to be ready to give something in return. A significant source of collateral may be needed for your loan application to be approved. Hefty loan amounts are less likely to be offered to people who do not have collateral.

Keep meticulous records. In today’s time not just one, two or three people file loan applications for short term business loans. There are thousands of people who need funding for their business and you are in competition with all of them. Before you even apply for a business loan, make sure that you have all the necessary records ready like your personal financials and tax return records. Make a copy of your loan application too.

Have a plan ready. One more thing which can convince a lender to lend you money is to have a no-nonsense business plan. Include all the necessary details about your business. Design your business plan to address questions such as how will your business operate, how much it will cost to operate it in a year and what experiences the manager and you have when it comes to handling a business.

Challenges With An Instant Approval Credit Card

GuestPoster — Tue, 02 Aug 2011 13:21:03 +0000

Anyone with a desire of applying for a rapid verified credit card might encounter the “instant decision” phrase. Even though this appears to have similar meaning as “instant approval”, it requires an extensive credit check and might take a lot of time, hence a delay when it come to using the new credit line.

The “instant approval” phrase for credit cards is no longer strange especially for someone already experienced the nightmare of a prolonged credit card verification process. Instant credit verification is stress free, no need to wait for an approval through your mail box, no any phone interview or scheduling meeting with company elevators. One needs to just give few details, a few clicks and you are quick to go for approval. However any credit card applicant must consider these two words, and keep off from them.

Instant decision credit cards are very different from instant approval credit cards than one may think. when applying for a credit card offering “instant decision”, one is guaranteed a “conditional verification” that appears appealing. One must remember that there conditional verification always amounts to particular conditions. Under this circumstance, the terms consist of total credit check via various credit bureaus prior to full verification is issued.

Instant credit card decision is not bad in itself. For security purposes the approved cards are mailed out and activated by the applicant prior to any purchase using the credit card. It is worth noting that credit approval doesn’t mean instant credit. With the availability of the best college student credit cards, the phrase can easily confuse college students and especially someone who’s searching for quick credit.

Despite both being “instant” one must constantly be cautious when applying a brand new card, and take some little time to carefully read the details to easily make a decision as to whether to go for the instant decision or the credit approval option, it never hurts to take some time.

How to Remove a Bankruptcy from your Credit Report

GuestPoster — Thu, 28 Jul 2011 03:27:04 +0000

Bankruptcy is very often the last resort for those who are financially overwhelmed as it can wipe out most types of debt, but it comes at the cost of a severely damaged credit report. It can cause your score to drop enough to make it difficult to qualify for a loan or mortgage, rent accommodation, or even be given a promotion at work. There are many websites explaining how to remove a bankruptcy from your credit report, but do these tips really work?

First of all, you have to acknowledge that claiming personal bankruptcy enables you to have your debts discharged and start over with a clean financial slate. This comes at the cost of a credit score damaged by as much as a few hundred points and a reference to the bankruptcy that will remain on your credit report for 10 years for a Chapter 7 filing and 7 years for a Chapter 13 filing. This mark is designed to ensure that people do not abuse the system by repeatedly filing for bankruptcy the moment that they max out their credit cards.

If you wish to hire a company to remove a bankruptcy from your credit report, or if you wish to do it yourself, the process involves disputing negative marks on your report. The burden of proof is on the credit bureau to prove your error and according to the Fair Credit Reporting Act anything that can’t be verified must be deleted from your record. Although the credit bureaus have 30 days to respond, they do not all keep internal records, therefore they are sometimes unable to provide the verification and are forced to erase the negative marks.

Keep in mind that erasing negative marks will increase your credit score, but the bankruptcy will still appear on your record. Companies that claim to sell you the secret of how to remove a bankruptcy from your credit report are all rather shady and you will probably just end up spending money to increase your score by a few points.

For more information on the personal bankruptcy process including information on how much is it to go bankrupt, please visit claimingbankruptcy.net.

How To Acquire The Best Commercial Insurance for Your Business

GuestPoster — Wed, 27 Jul 2011 05:11:04 +0000

Any person who is starting to establish a business of his own, has one major goal, and that is to earn money. He learns the basic points of what ever type of business that he wants to engage in, and finds a way to make it grow and expand to increase the potential income that he can gain. But what ever the skills and expertise a manager of a business establishment has, there are always unforeseen events and circumstances that put your business in risky situations which can endanger your investment. Events like natural calamities can damage your business property which will give you a hard time in recovering the losses that you incurred.

It is strongly recommended for any business to get a commercial insurance. This type of insurance is any business owners protection for many unforeseen events that endanger his business. Commercial insurance can protect you from events like liability, property damage, and theft. An insurance can also help your business in case there is an interruption of the work flow due to work related injuries which can happen to your workers.

Every type of business has different needs, that is why there is a unique type of commercial insurance that is suited for every different types of business. If your business is only a small store, you may only need a commercial property insurance and not a commercial auto insurance. Even if you still do not need some of these insurance, it is still recommended that you learn all types of commercial insurance because when your business grows, its needs will also increase, and maybe the need for additional types of commercial insurance will arise. In choosing a commercial insurance company, talk to several insurance agents about the types of commercial insurance that they offer. It is still best to make choices from different options so that you can pick the right company that can provide your business the protection that it needs.