Category: Uncategorized

New Tech Products for Seniors

If you are elderly, you might not exactly be on top of the most current trends in technology. This doesn’t mean that you cannot benefit from the latest advances, however. Tech companies know that the senior market is one of the fastest growing marketplaces around the world and they are looking to cash in by creating products with a specific appeal to the senior population. A recent expo in Europe highlighted a lot of the recent products that have been created.

Some of these new products include smart phones with larger buttons, back ache-free vacuum cleaners, and more advanced hearing aids. One of the important features that these devices have is to make sure that they do not closely resemble medical devices. If they did, this would only remind the elderly of their problems. Products are being designed to look sleek and attractive in order to fight this previous marketing flaw.

The market for products for the elderly has a wide array of diversity because this is a very diverse demographic. Retirees have a large set of interests and product developers are trying to take this fact into account. For example, many elderly folk that use mobile cell phones rely upon the alarm clock feature pretty heavily. This is a very basic use, but modifying this to more closely fit the needs of senior citizens can make a big difference. Other features, like a GPS function that can locate the user, also can be very useful for seniors. Still, other cell phone users value simplicity over gadgets. Finding a phone in the traditional market that is not overloaded with fancy bells and whistles might be tough, but there are units designed especially for senior citizens, too.

The Berlin tech expo offered tours to senior citizens intermittently. The goal was not to sell them products, but rather to educate them and explain how they can use technology to better their lives. The senior citizen population is expanding rapidly because of advances in medicine and technology, and it is important that seniors be made more aware of the simple things that they can do to help themselves.

There are many safety features being produced, as well. For example, a new generation of emergency call buttons has been established. This button will call a pre-programmed number, ranging from emergency services to family members-but that is not all it does. This device, which is worn around the neck, can also detect if the wearer has not moved for an extended period of time and can alert the emergency numbers if this were to occur.

New technology has improved our lives and the senior population is no different. Designing products that can specifically help this population is only a smart marketing idea.

Matthew G. Young is a freelance writer who specializes in financial, sports, and health-related topics. To learn more about in home health care visit Paradise In Home Care

The New Generation of Marketing

I am going to get right to the point. The new generation of marketing is internet marketing. If you are an entrepreneur just starting an online business or maybe thinking about it then you must know this. The internet is the biggest thing to ever sweep technology and is getting bigger every day. More and more people are going online every day and will continue for a very long time. Which is why it has never been a better idea to start an online business than right now.

There are so many options of making money online that if you simply type online business you will be swarmed with all these different programs promising you wealth. The truth is that most of those programs may not work well with you and could be scams. Behind most of them there is somebody or a group who have already achieved success with their online business by selling products to people like you every day. But you must ask yourself how can you get on the other end of the deal and start selling products and start money making websites.

What you may not know is how valuable you are with the knowledge you already have about what I just told you. Many internet marketers today are so far behind that do not even know the basics and are struggling with their worthless online business while the rich are just getting richer and doing less work themselves.

The first thing you must do is to start your own website that can be about anything you want. Think of it as your own store where you can get people to go to and buy products off of you. Let me guess you are wondering where to get these products. Well you can either sign up for affiliate programs like clickbank.com or you can make your own simply by writing eBooks about information you already know. It can be about anything like how to garden.

Once you have started a website and designed it the way you wanted. You must get people to go to your website and build you overall reputation online. You must get as much exposure as possible and there are many ways that you can do this. But this is just the beginning. You can make more websites once you already mastered the first one. But that is just internet marketing in a nutshell.

There is so much to learn about online business and how you can build a website into a multimillion dollar company. But to help get you started with a free website and a lot of information on the matter click the link below.

Yet, I’m Servicing a New Generation

What do you mean … “yet?”

“I am a product of my generation,” was to let you think about where you were born, in what kind of an environment and under what kind of condition. What if I was born in the nineteenth century somewhere in 1860?

If you turn this up-side-down you get another statement: although I am a product of my time; I am servicing a new generation.

Things have changed between the time you were raised and the time you have gained your experience. The current time has its own demands in sense of what is important.

As parents have conflicts with their children in raising them this is often about different values. What was important when we were young and what is important NOW. Those parents that stick too much to the tradition of their own times cannot live in peace with their children.

In business this is not very different.

Of course a manager should contribute with what he has learned in his professional life, yet he should also open up and consider what is the difference in the time he lived and NOW. What is currently important?

This requires some flexibility. Most of all because what is important continuously changes. In 2007 performance management was still fashionable, now it is risk management. And those who cannot capture these changes will fail as a manager. They will fail to connect with their environment, team, organization… with the people around.

The real challenge remains not to completely turn to wherever the wind blows, but knowing from what direction will certainly help the sailor (manager).

Ergo New Generation Baby Carrier

Looking for an Ergo New Generation Baby Carrier? I can help you locate a large selection of these carriers at a good price.

Between the time I had my first baby and the time I had my second, I was amazed at how popular these carriers had become. Moms and dad both like the look and feel of the carriers and find that they can be used for several years with each child.

Benefits of Ergo New Generation Baby Carriers

The Ergo New Generation Baby Carriers offer the following benefits:

  • Bonding with your baby. Using the Ergo baby carrier, you have a continuous connection with your baby while they sleep or snuggle
  • Supports baby’s natural growth of spine, hips, and shoulders
  • Ergonomic design helps prevent back and leg strain as you carry baby
  • Multiple position options (front, back and hip), so you can continue to use the carrier as your baby grows
  • Hands-free movement! This is critical when you are trying to go shopping, do household chores, or if you have older children to take care of as well your infant

How Do You Find Ergo New Generation Carriers?

Ergo carriers are not found in the larger chain baby stores. And the smaller specialty retail stores often have a hard time keeping these high-demand carriers in stock. There are several stores online that sell Ergo products, and some have discounts and special offers, including free shipping.

So you need to know how how to pick the online retailer that will give you the best selection of Ergo carriers at the best price.

Check out Ergo Baby Carriers for the best online purchasing option.

New Generation of Workers – Better Educated, Mobile and Ambitious

Demand for higher wages and better conditions put the spotlight on China’s young labor pool. Despite concessions, many believe they deserve more and move from one factory to the next.

At first blush, China’s current crop of blue-collar employees seems to have it better than predecessors. Monthly salaries are being raised, the living and working environment is being improved, and some companies are even providing facilities such as Internet access.

Not so, according to the young production staff.

Migrant hands are considered to be in the lowest socioeconomic level. Although monthly salaries have been raised to as much as 2,000 yuan ($295) in recent months, factories are cutting overtime hours drastically while boosting the daily yield requirement. This is resulting in lower take home pay that is often just enough to cover day-to-day expenses.

In many cases, 10 people share one dormitory room, resulting in little or no privacy especially for couples. Hot water is available, but only for a limited period of time.

The Institute for Contemporary Observation director Liu Kaiming agrees it is not easy being a young worker today. Although conditions were worse 20 years ago, workers then were better compensated and had higher than average annual income. A university professor, for instance earned between 200 and 500 yuan ($29.50 to $73.80) per month, while a civil servant received roughly 500 yuan. The minimum wage of a factory worker in Shenzhen or Dongguan, Guangdong province, was at least 200 yuan. Including overtime, take home pay reached 500 yuan each month.

The younger set, however, is much more mobile and less willing to just bite the bullet. They quit their current positions and move as soon as they find factories offering better compensation and benefits, even if these are just free dinners, Internet access or basketball courts. Hong Kong Small and Medium Enterprises Association chairman Danny Lau said at his production facility, almost one-third or more than a hundred personnel fit the bill, a typical young worker who does not stay long at one plant and moves from one factory to another.

Not only are these employees quick to take advantage of better opportunities, they are also much more flexible in terms of where to go. They do not limit themselves to a certain city or province and relocate to wherever the higher-paying jobs are.

Many of the skilled hands at Ningbo Boda Bags Co. Ltd, for instance, came from Guangdong. They moved to Zhejiang because living expenses in the province are 10 to 25 percent lower than in the southern coast. Public security in Ningbo is said to be better than in Guangzhou or Dongguan.

Less savory reasons

Bad pay and conditions are not the only factors driving workers away from their posts. Sometimes, personality issues come into play. Unlike the older generation, the new breed is not as even-tempered and is more prone to engage in fights and raise objections.

“You do not know when you will hear about premarital pregnancies and then you have to deal with that,” said David Wang, sales manager of Topkin Intl Enterprises Co. Ltd. Wang used to run a factory for tiffany lamps and bronze sculptures, but found it tiresome and energy consuming. He has since sold the plant and now focuses on trading.

Lau said some workers quit their jobs because their boyfriends and girlfriends did so.

In addition, China Center for Labor and Environment project manager David Abrahamson believes the younger set is impatient. Although most render overtime, it is hard for many to focus on assembly work all the time. Boredom alone may be sufficient reason for some to look for newer opportunities. For others, being constantly monitored and reprimanded for mistakes can send them packing.

“I could not stand being watched by the QC inspector and yelled at for a small mistake,” said Huang Yemei, a former factory worker in Dongguan.

It is now common for a plant to be 10 to 30 percent short of hands all the time because of the constant high turnover of young employees.

Desire for growth

Ding Zhihing, a lecturer at the Central University of Finance and Economics’ sociology department, did his own research on China’s rural migrant workers. Published in the Lanzhou Academic Journal in 2009, the study revealed that more than 70 percent of the country’s 229 million migrants have at least finished junior high school. More than two-thirds of the labor pool is between the ages of 16 and 30 years old.

Because the majority has a higher educational attainment, they are often deemed more knowledgeable than the previous generation. Lau of Hong Kong Small and Medium Enterprises Association said such employees also learn faster, need much less time to master required skills, understand training manuals easily and can learn new technologies on their own.

Moreover, they are better-versed in obtaining information via mobile phones and the Internet.

These strengths make them more attractive to companies. “The older guys come with too many bad practices and they refuse to change,” said Gordon Styles, managing director of Star Prototype China Ltd. “Also, their techniques are poor.”

The reverse is true, however, for some mature industries such as garments and crafts, where older workers are much more appreciated for their time-honed skills.

But better educational attainment comes with a caveat. Now, the younger set is pursuing opportunities and responsibilities that can help in achieving long-term goals, which go beyond sending money back to their families. An e-commerce student, Huang left her assembly line job in Dongguan to look for sales-related positions in Shenzhen.

Abrahamson said these talented younger workers have greater ambitions. They usually will not work in the same factory for more than two years. Instead, they will try to take advantage of the skills and experience they have gained to look for other promising occupations, including secretarial and sales positions. Some even open their own business.

Moreover, China Labour Bulletin editor Geoffrey Crothall believes the new generation of migrants wants to settle down in the cities where they hold jobs and not in their hometowns. Many are hoping to earn enough money to be able to afford a house, send their children to school and have a comfortable life.

Unlike in previous years, career-oriented workers can find factory jobs that offer internal and external training. Although there is a slim chance those that undergo training will be promoted to a management position, giving employees hope that they can climb up the career ladder is important.

But such opportunities are not as widespread. “Employers see no value in training people only to lose them,” Styles said. He does not subscribe to this view though, and gives English lessons to his personnel twice a week. Star Prototype also has foreign specialists providing technical training and supervision on site.

A young worker’s perspective

Born in 1988 in the city of Yangjiang in southwest Guangdong province, Huang Yemei is but one of the many young denizens at the Luohu Job Market in Shenzhen. Despite the heat, she braved the crowded hall in the hopes of finding work from the roughly 100 booths, a position that would at least match her credentials. Huang is, after all, an e-commerce graduate from the Yangjiang Technical School.

Wearing a light yellow T-shirt, she sat with a couple of young women of similar age, chatting with them, a PVC file containing a few copies of her CV on the table.

“Unless I have to, I think I will not work as an assembler again,” Huang said, having held similar jobs in Huizhou, Dongguan and Shenzhen in the past. She found working in the factories depressing and did not like being berated by the line leaders even for small mistakes.

Living and hanging out with coworkers of the same age, however, proved to be an enjoyable experience. “We chatted, played poker, went shopping and surfed the Internet in our spare time,” Huang said. She was not thinking too much about the future then, quitting her first job assembling TV sets in a Huizhou factory simply because of friction with some colleagues.

Now, Huang feels being an assembly-line worker is not something she can do on a long-term basis, especially since doing so would not secure for her a good and comfortable life.

“Most employers are more or less the same,” she said. Some factories might offer higher wages but no board and lodging. Those that provide food and dormitories usually pay less. Others deduct the cost of meals from monthly salaries.

Huang has some friends in Shenzhen, which is why she decided to try her luck finding suitable work in the city. But Huang really has not decided where to settle down, as this depends on whether she can land a proper job.

For her, the ideal position would not require too much overtime work, and pay her enough to cover her daily expenses and still have enough to spend on other things such as clothes or travel.

But competition is tight in the job market. She believes younger workers such as herself have an edge over the older ones, as they are better educated and more eager to learn new things. Since there are a lot of them, however, her age is not necessarily an advantage.

This article was written by managing editor Aimee Ocampo originally for Global Sources, a leading business-to-business media company and a primary facilitator of trade with China manufacturers and India suppliers, providing essential sourcing information to volume buyers through our e-magazines, trade shows and industry research.

Can I Build a Home Power Generation Product With Just A Pair Of Pliers?

My name is Jim and I write an online home power generation product review website. I do that in order to try and bring some order into a vast and confusing industry.

Today I would like to discuss some of the simple skills you need in order to build such products. Whether or not an alternative energy resource like home power generation would benefit you or your family is another matter. Your ability to build such a thing is my subject.

There is a striking abundance of alternative energy resources on the market. In fact, I found an absolute swarm of alternative energy companies selling alternative energy home generation programs. I am happy to find that so many are taking home power generation seriously. I am less than happy to see so many who have no idea what they need in order to succeed in the project.

I was totally inundated with lots of hype and lots and lots and lots of slick advertising. Any thinking person must wonder if any of these sellers are really sincere in wanting to provide real alternative energy solutions.

I realize that this has been a really fine hobby for a number of years but now what is striking is the large number of people wanting serious products for serious uses. More and more people are understanding that the energy transition is coming and coming soon.

We’re not building model cars here; this is a serious subject with serious needs. Let’s get into it:

Most of the advertising I found seemed to promote the idea that you could build a project such as this with just a screwdriver and a pair of pliers. It doesn’t take a lot of technical skill and knowledge but you do need some basic skills along with a few tools.

OK, put the beer away and get serious as this is a serious subject with serious consequences for foolishness.

Let’s start with diagrams. Your should be able to simply and with understanding read a device blueprint and an electrical diagram. If you don’t, you can get this knowledge fairly quickly and easily as this is not rocket science (though your friends will probably think so when you build a successful project).

You are going to be putting together electrical components. You are going to need to be able to solder together electrical connections on things like:

1. switches

2. diodes

3. transistors

4. resistors.

We’re not talking about just being able to stick things together. I mean a really good, solid electrical connection.

I know you’re probably thinking that this is just junior high stuff. But think, how long has it been since you have soldered a good, competent connection. If it’s been awhile, get a new solder gun and practice, practice, practice. A good solid connection is important. Then again, maybe you never did anything like this. Don’t worry. Just remember: Practice does not make perfect. Practice makes habit, not perfect. If you practice a hundred times and get it wrong each time, it’s still wrong. Lots of people have the ability to know a good solder joint when they see one. Have someone grade your work. And test.

This is not something to just blow off, saying it will be ok. It’s not. Do it right. Knowledge and competency can come in a fairly short. time. Do it. It is for your family’s welfare. Do it right. The first time.

Your will need to be able to read a multi-meter precisely. Again, it’s not rocket science. The person at Radio Shack can show you and they are not expensive. A little practice and you will be ready for the door.

I realize that some people will actually buy a project and not do it correctly and then it will not operate successfully. Then these same people will blame the seller of the project. I understand that. It also could happen that the buyer will not obtain the simple skills I mentioned earlier. I understand that also. I also understand that the buyer and his buddies might build with the aid and support of a few cases of beer. I get that also. I really do. But I also understand that the web is absolutely filled with scams. Some of which the sellers know perfectly well that their products do not function and lose all interest once they get your money. I know that for sure.

I try to balance all that out. I write what I find. If you buy some of these products, I would like to hear from you and have your views of the products difficulty, complexity, value, etc.

Try to chose well and take advantage of any warrantee period. Most people do not as they are not sure if it is them, or if the project would not have worked with an engineer doing it. it really doesn’t matter. If the project does not accomplish what you are trying to do, get your money back.

The energy transition is coming and will not be pleasant for those who wait for some government to babysit them.

An Overview Of The New Generation Of Microsoft Certifications

Do you know why there exists Microsoft Certifications for new generation and what these certifications are? Let us discuss each of these certifications in detail in the coming paragraphs.

These new generation Microsoft Certification programs are designed in such a way that they not only improve the primary technical skill but also emphasizes on the individual’s job role. These new certification programs offer shorter certification path, which helps the professionals to acquire the required skill sets quickly. These certifications are cost effective.

Some of the New Generation Microsoft Certifications include the following:

a) Microsoft Certified Technology Specialist (MCTS)

b) Microsoft Certified IT Professional (MCITP) and Microsoft Certified Professional Developer (MCPD)

c) Microsoft Certified Architect (MCA)

With MCTS certification, you acquire core technology and product skills. MCTIP provides you with job specific skills such as operational processes, operational procedures, and analyzing business problems. Similarly, MCA certification offers you the required skills to validate a business successfully such as technical breadth and depth, strategy, organizational politics, etc.

We saw the various new generation Microsoft Certification programs. Let us find out why these Microsoft Certification program exists. Many IT managers faced problems in choosing the right candidate for the job they offer. This is the main reason for the introduction of new generation of Microsoft Certifications. These new generation Microsoft Certification programs help the IT managers to distinguish candidates who best suit their requirement. These programs are flexible, relevant to the job, simple to learn, and provides credibility to professionals who get the certifications.

Even if you have old certifications, you can still add more credentials to your résumé by getting the new certifications. This doesn’t mean your old certifications will not be recognized. It’s just that these new certifications add more value. You will have to re certify yourself every three years to ensure that you keep in touch with the current IT scenario.

Start learning the new generation of Microsoft Certification today and stand unique in the job market. All the best to get a good job!

Caitlina Fuller is a freelance writer. With MCTS certification, you acquire core technology and product skills. MCITP provides you with job specific skills such as operational processes, operational procedures, and analyzing business problems. Online course is a convenient way to prepare the certification. Even if you have old certifications, you can still add more credentials to your resume by getting the new certifications. This doesn’t mean your old certifications will not be recognized.

Buyers Guide to the New Generation Apple iPod Touch 32 GB

“If you’re looking for more information on the new Apple iPod Touch 32 GB then, pull up a chair buckle down, because this is the article that you have been looking for.”

This new generation product is like a mini computer and portable games player. Listen to a mix of songs automatically put together by the facilities feature. Watch a movie, surf the web, download countless apps, view the latest HTML email to make everything more sophisticated, find your location and get directions with Google Maps, discover games and apps you are sure to love with new recommendations for apps and since iPod touch now comes with the latest 3.1 software already installed, you can start using fun, convenient features right out of the box.

What are the main benefits of the new generation product?

One of the major upgrades included in this new generation Apple product is the media player. The graphics and pixels are well improved to ensure that the customer can enjoy a better resolution when they start viewing any videos and pictures through their Apple product. With the new genius feature, you can get recommendations for the latest apps, that might appeal to you, arrange all of your apps through the homescreen feature, faster viewing experience with the new safari web browser, the ability to buy and watch movies on your iPod Touch, watch the latest video releases from you tube, your own built in sat nav with Google Maps, set you fitness goals with Nike and so much more.

The complete list of features for the new Apple iPod Touch

  • Movies & TV Shows
  • Apps Store
  • iTunes
  • Photos
  • Homescreen
  • Nike Fitness
  • Google Maps
  • Mail
  • YouTube
  • Safari Web Browser

With all of the features of the new generation product, It is only to be expected that, the price for such an item would be quite considerable. It is vitally important to do your due diligence and find out who has the best offers and from a company or business you can trust. Buying second hand may seem like a good option because of the reduction in price but, there are no guarantees that, everything will be in perfect working order and you will probably have little to no come back.

How Crowdfunding Can Help Pay Medical Bills

Crowdfunding can help pay for medical bills… it really is that simple. You can crowdfund for just about anything, including medical bills. Many times people are placed in a medical crisis and aren’t sure where to turn. Medical bills can accumulate in no time and medical bankruptcy is a real thing. You’d be amazed by how many people in “your own crowd” are willing to help.

In a study published in January 2014 from the Center For Disease Control (CDC), one in four families experienced financial burdens of medical care.

This “financial burden” of medical care equates to medical bills that they can’t currently pay and are forced to pay monthly over time.

This study goes on to share that families with lower incomes were more likely to experience the financial burdens of medical care. Those families with incomes at or below 250% of the federal poverty level had the highest levels of any financial burden of medical care.

250% of the federal poverty level (based on guidelines for 2013) means that a family of four with an annual income of $58,875 or lower were at the highest level of the population feeling the financial burden of medical care for a loved one. That’s our middle class America. Those are the families living paycheck to paycheck and not prepared for a medical crisis.

The is a baby with his eyes closed and an oxygen canula in his nose. He was born with a bad heart, a weak immune system, and problems eating which caused a condition labeled by doctors as “failure to thrive”. Isaac spent the first year of his life in and out of hospitals in Las Vegas and at Stanford where he underwent multiple heart catheterizations and procedures, open heart surgeries, and had a feeding tube placed surgically to ensure he received the proper amount of nutrients. Isaac’s family had great insurance, covering 80% of all medical costs. But, they still spent over $100,000 out-of-pocket the first year of his life in deductibles and medical related expenses.

Shocking… right?

I know… My name is Kathy, and I’m Isaac’s mom.

I remember people asking us if they could have fundraisers for us, give us money… they would offer to do anything just to help. At that time, I could not have imagined the costs that we would incur, nor could I imagine all the things that insurance doesn’t cover. You assume that you pay for insurance, you’ll have a deductible… The End.

If that were only so.

Words of Advice:

Start a Crowdfunding Campaign Immediately

Don’t be too humble to let other people offer to help you. You really can’t imagine the costs of things in the medical world and how they add up. It is TOO hard to think about money when you’re talking about the healthcare of someone you love. You want anything and everything done… you’ll worry about the bills later.

From a Mom that’s Been There

Don’t expect the people in the middle of a medical crisis to be thinking clearly (well, I sure wasn’t). If you’re related to the family or just a loving friend… talk to them about the medical bills and the reality of the situation. Talk with them about what they need now and what their needs may be in the future and help them come up with a budget and plan to get everything their loved one needs. From bills, equipment, therapy sessions… even therapy dogs, all these things can be a necessity now or in the future.

How exactly will crowdfunding help pay my medical bills?

Well, they can’t send a check to the hospital for you, but they can offer you a platform that will help you tell your story as well as share it with your friends and family. The right crowdfunding platform will provide support for you all along the way, from guidance writing your story, picking pictures to post, sharing on the social media channels, and even help writing press releases to get national exposure.

Crowdfunding can help you pay for your medical bills by allowing YOU to take care of your family and letting your “crowd” help YOU. Donations will be made by people you have inspired and want to help you. These people will have a platform to donate to you on their schedule and an amount that is within their means. They will be assured that the funds are going directly to YOU and not an anonymous organization.

You are not alone in your medical crisis. Crowdfunding is a viable source for helping to pay for medical bills and other medical related necessities.

The Process of Car Repossession – Understand It So It Doesn’t Happen to You

In a perfect world, things would always go as they should.

Sometimes that’s just not the case.

If you’ve found yourself in a bind or on the verge of falling behind on your payments. The best thing to do is contact your credit card, mortgage or auto loan companies and explain your situation.

Take action

If you have a car loan, you understand the importance of paying your loan on time. If you cannot make your payments on the exact due date.

You are granted a 30-day grace period to make a payment without having this late reported to the credit bureaus.

If you don’t think you’ll be able to make a payment before the 30-day grace period ends or foresee yourself being in a bind that will last longer than 30 days, there is something you should know.

Ignoring calls from your creditor is the wrong route to go.

*While you may feel embarrassed or reluctant to contact your creditor, you are not alone. Thousands of people fall behind on their payments due to financial hardships. The person on the other end of the phone is trained to handle these types of calls and will be more than willing to help you the best way they can.

What should you do?

Most car loans have a stipulation that allows you to defer your payments for a short amount of time while you get your finances situated. Other options besides deferment might be offered such as lower payments until you can make the full payment.

Your options will depend on your specific car loan and terms agreed upon at the time of sale.

If you are currently in good standing:

Call your creditor and explain that you’ve had some setbacks and ask about your options to defer your loan payment until you can make payments. This will usually give you about 2 months to catch up.

If you are currently not in good standing(late beyond 30 days):

Call your creditor back and explain that you’ve had some setbacks and would like to make a plan to catch up on your payments or defer a future payment. Ask about your options to defer your loan payment until you can make a payment. You will usually be asked to make your account at least current up to 30 days before a deferral can be granted.

How will this help you?

Car repossession doesn’t end well for anyone. Not you and certainly not your creditor. Once a car is repossessed, it is usually sold at an auction for a fraction of the cost. This is a lose-lose situation for everyone.

While your loan is in deferment you will not be reported late to the credit bureau as you have made an agreement with the company to pay at a later date.

The downside to this, of course, is that your loan agreement will be extended and you will end up paying more interest in the long run. This is, however, a better alternative to having your vehicle taken.

When can your car be repossessed?

It all depends on the specific car loan you have in place. You are usually considered in default of your loan agreement as soon as you miss a payment.

With that being said, you are granted a 30-day grace period. Some states allow cars to be repossessed after one missed payment. The longer you take to make your payment is one step closer to having your car taken and a serious ding on your credit report.

A repossession will remain on your credit for up to 7 years and hurt your chances of obtaining other car loans in the near future. Even after a repossession, you may still owe the difference between what you owed your lender and what your car was sold for. This is called a deficiency balance. A deficiency balance is usually the norm especially if you purchased a newer vehicle.

Please note that these options are for those experiencing temporary hardships. It is not recommended for long-term foreseeable situations.

All You Need to Know About 2 Wheeler Loan Finance

With growing demand in semi urban and rural areas, 2 wheeler industry is a high growth sector. The industry is estimated to be Rs.6, 000-Rs.7, 000 crore in size. This means there is abundant opportunity for 2 wheeler finance companies. There was limited awareness about financing for a 2 wheeler in the olden days but with the increasing penetration of financial institutions across the country, it has become possible to obtain 2 wheeler finance quickly and conveniently.

Getting 2 wheeler loan finance has become easy. The eligibility criteria, documentation requirement and the process has been mentioned below:

Eligibility:

Individuals above the age of 18.
Salaried individuals who have been employed for more than a year.
Business owners who are running a business for over a year.

Documentation:

Identity Proof
Address Proof
Income Proof
Valid KYC documents
Passport size photographs

Procedure:

In order to apply for 2 wheeler loan finance, the applicant needs to scout the market for various Banks and financial institutions offering the loan. Based on the terms and conditions of the respective financial institutions, the applicant should choose the one that suits his requirements. The application process is quick and transparent. The applicant needs to meet the eligibility criteria in order to apply for the loan. Further, the applicant needs to submit the application form and provide the required documents to the financial institution. The customer executives are friendly and will guide through the entire process of application. The application will be processed within 48 to 72 hours and the loan will be approved in no time.

It is advisable to seek a loan from a trustworthy financial institution. They offer flexible tenure and easy repayment options. With a low rate of interest and a flexible repayment tenure, purchasing a 2 wheeler has become quick and easy. Individuals with a positive credit history can get the loan approved quicker and are also eligible for the special schemes. Once the loan amount has been disbursed, it is not possible to change the tenure and amount, hence it is important to give the loan application a good thought and settle for a repayment tenure which is possible based on the monthly income of the applicant. Financial institutions offer customized solutions to the applicants based on their requirements. Depending on the type of 2 wheeler to be purchased, the loan amount will be sanctioned.

The applicant will only be required to pay a small amount as down payment and the balance can be converted into a 2 wheeler loan which is to be repaid in easy monthly installments. Upto 95% of the on road price of the vehicle is available as a loan to the applicant and the repayment tenure ranges between 12 months to 48 months. With the increasing demand of 2 wheelers across the country, Banks and financial institutions are offering loans which meet the requirements of the consumers and they also settle the terms accordingly.

Some of the Biggest Mistakes When Looking For a Motorcycle Loan

The Essentials in deciding On Motorcycle Loan.

Sometimes the necessity or excitement of owning a motorcycle cast a bad spell on our buying decisions, especially when the purchase form is a loan. So, before making that impulsive mistake only to regret later consider these essential factors when deciding to apply for a motorcycle loan.

  1. Interest Rates:

The moment you think of a loan, the interest rate coupled with it should ring a bell. Most often attract interest rates over shadow the risk factors involved. Always begin with good amount of research and comparison of interest rates. You do not want the burden of high interest rates steal the joy of riding your new bike!

  1. Smart negotiation:

When you are about to make a purchase decision, do not merely focus on the form of payment and negotiate on how you intend to go about it. A smart negotiation effort would include, negotiating on the payment. Payment always precedes the payment method!

  1. Loan Inclusions:

Discuss with the lender all the accessories that the loan is inclusive off. You do not want to pay additional bills besides paying off your loan. The wiser discussion and decision would be to know about the inclusions and the exclusions of the loan you have applied for.

  1. Loan security:

Always consider what is at stake should you face difficulty in paying off your loan. Some lenders hold the purchased motorcycle as the security, failing to pay will mean ceasing your bike. Some other lenders may consider other collaterals as security. Unsecured loan plans are other alternatives but comes with a high cost of increased interest rates. So, your loan security should be well thought through deliberate decisions considering all the risks involved. You do not want to risk something in vain!

  1. Loan penalties:

Pause before you sign your loan agreement. Although knowing the details of the penalties tailed to your loan amount can be cumbersome and you want to skip through it, it may not be the best of your decision. At best, avoid signing loan agreements that come with stringent penalties. A decision in time, saves you from a future disaster!

  1. Easy loan termination:

Most lenders allow early clearance of your loan and some do not. It is best for you to verify the termination policies before you sign that loan agreement. You do not want to pay with interest rates, while you own the money to clear a credit.

Owning a motorcycle is useful as well as exciting, but what is more important is sustaining both while using it. Using the right loan tailored to your needs is worth every effort.

Hidden Advantages of Outsourcing Services for the Car Loan Industry

Let us face the reality that today, we live in a ‘do-it-yourself’ way of life. As they should, people want to show off their auto repairs, home improvement projects, and many other tasks that majority of us would more often not seek professionals to perform the task, as they just prefer to do it by themselves.

It is absolutely a great value in a number of ways. You can gain expertise from your experience. Sometimes, it does not necessarily mean that it is a better way to go from doing something by yourself because oftentimes, it pays more to hand over and look someone for help.

Many of the car loan businesses are beginning to worry about not only getting in the game but also in maximizing their returns with all sizes racing to compete in the lending market. To outsource car loan business services, many industry experts understand that it is often considered more cost-effective.The most obvious reason for doing this is because industries don’t have to hire new staffs or underwriters solely for car loan operations and services. You have to keep in mind that those industries are also avoiding the other expenses related to assisting the infrastructure associated with an internal underwriting team.

But the advantages don’t stop there because there are a number of hidden advantages that many businesses fail to consider when entertaining ideas of outsourcing their car loan business processing that includes staffing and funding. Here are some of the hidden advantages of outsourcing for car loan business:

Increase the Number of Loans that Leads to More Net Profit

Just consider it as any consumer business committing to sales. As this dealer management is all about being able to see, looking for your niche and catering your offers to the biggest needs of your dealers. Better and stronger relationship with dealers and having more dealerships in the network in order to drive portfolio growth is one of the end goals of outsourcing some services when you are in the car loan business.

Improved Relationships with Customers

Your staff will be able to intensify its focus on strengthening relationships with your customers- making visits, gathering feedback and better addressing their needs that will drive growth for your car loan business portfolio.

A Guideline that Allows the Outsourcing Provider to Serve as an Extension of Your Car Finance Team

Your outsourced car loan provider should be able to efficiently, quickly, and easily customize its financing scorecard to fit your representation. By doing this, it guarantees that making a decision for car loan financing is consistent and fits your appetite and business plan.

Access to Consultation and Expertise

It allows your business to avoid common pitfalls that businesses fall victim to when trying to get in-house functions off the ground when outsourcing your car loan business processing. Through outsourcing, those businesses must hire the expertise that is readily available.

After-Hours Process

By waiting until the next business day to respond to proposals, don’t miss out on those deals especially over the weekend when many consumers have time to hunt for motorcycles, cars, and trucks.

It will absolutely offer a significant benefit over businesses with in-house operations that are confined to traditional business hours when you have an access to after-hours processing service.

Are you ready to revolutionize the way you do business? Grow your business by outsourcing.

Systematic and Unsystematic Risks: How to Mitigate Them

There are always risks in the business world. Understanding these risks enables us to seek the most effective approaches to mitigate them. What are these risks and how can they be categorized?

There are two major components of risk: systematic and unsystematic. Let’s explore each risk and learn the best way to mitigate it.

Systematic Risk
Systematic risk, also known as “market risk” or “un-diversifiable risk”, is a result of external and uncontrollable variables, which are not industry or security specific. Generally unavoidable, it affects the entire market leading to the fluctuation in prices of all the securities. The risk can be attributed to a number of broad economic factors such as inflation, changes in interest rates, fluctuations in currencies, recessions, etc.

Since systematic risks cannot be controlled, investors can avoid them by staying away from all risky investments.

Financial Planning- Mitigating Systematic Risk
Systematic risks can be mitigated with certain courses of action. How can they be mitigated?

Asset allocation can partially mitigate systematic risks. Owning different asset categories (i.e. bonds, cash, commodities, etc.) with low or zero correlation helps because they reach differently to macroeconomic factors; some asset categories may increase and others may fall.

Asset allocation should also be adjusted according to valuations. Investments that are overpriced should be avoided or owned less. When mitigating systematic risks within a diversified portfolio, cash may be the most important and under-appreciated asset category.

Another way to reduce systematic risk is through hedging. Investors can use options such as purchasing protective puts on their securities. A protective put is risk-management strategy that investors use to guard against the loss of unrealized gains. Put value will rise if securities value drops. However, options are for a certain time and once they expire, investors need to buy new ones to stay hedged.

Unsystematic Risk
In contrast, unsystematic risk refers to risk factors that are specific to a company, industry and sector, and can be controlled to a certain degree. These factors include a company’s management, financial practices, financial health, and its competitive position in the market.

Financial Planning- Mitigating Unsystematic Risk
Unsystematic risk can be reduced by diversifying. To achieve this, the investor can diversify its product portfolio so the revenues are not solely dependent from a few products only. Much risk is reduced when an investor’s risk is spread among different industries (such as banking or healthcare) and asset classes. For example, if an investor owns a diversified portfolio of more than 10 individual investments as opposed to only one, the damage done to their portfolio is minimized when something negative happens to some of the companies.

Again, unsystematic risk can be nearly eliminated by diversification as it is not correlated to market risk.

Both systematic and unsystematic risks are part and parcel of businesses. Through risk management solutions as mentioned above, these risks can be partially mitigated, and investors will be able to see an increase in portfolio returns and optimization in investment portfolio.

Seven Cures for a Lean Purse

1. Make your purse – or wallet – get fatter.

That doesn’t mean filling it with receipts for all the items you’ve bought with your credit card. It means, fill your purse with money. And the best way to do that is to spend less than you earn. This cure follows from the first law of gold that we looked at last week: aim to save 10% of your income. Minimum. Save more than that if you can. Save for the long term, for your mortgage deposit or pension, depending on where you are in life. If you need to save for short to medium term things, such as a holiday or car, that should be in addition to and separate from the 10%+ that you save for your long-term needs.

Your 10% can include your pension contributions, ISAs, premium bonds or any kind of high interest/restricted access savings account. With compound interest, your purse will get very plump over the coming months and years, even if interest rates remain low.

2. Control your expenditure.

If you’re going to save at least 10% of your income for the long-term, you must make sure that your current spending is no more than 90% of your income. This means wherever you are on the income scale, you’ll need to apply some self-discipline when it comes to treating yourself and your loved ones.

For a start, keep your credit card(s) for emergency use only, and if you do use them, pay them off before you start racking up interest. Similarly, avoid taking out loans, unless you can justify the interest you’ll end up paying for that privilege. A car acquired on one of the popular leasing schemes can be justified if it’s essential for your work or business. But a loan for a holiday? Staycation would be a better choice. Learn to distinguish between wants and needs. A roof over your head and food on the table are needs; a month in the Maldives is a desire. Treat yourself to that when you have saved 10% of your income for a year or two and you can afford to fly off to paradise without dipping into those savings.

The secret to controlling your expenditure is to build a budget and then stick to it. If you have Microsoft Excel you can download a template to help you track your spending over a week or month. You can also find ready-made templates on the internet or apps for your phone. Work out how much you spend on mortgage, rent, travel to work etc. and set yourself limits on items such as eating out, entertainment, travel etc. This will help you keep below 90% of your income.

3. Make your money multiply.

You are looking for steady returns over the long-term, not a lottery win. What you need is a steady increase in your capital, your core wealth, such as compound interest from an ISA or savings account, or – more risky – dividends from shares you hold in well-managed companies, including your employer, if they have an employee share ownership scheme. If you are not an expert in financial products and investment vehicles, find someone who is. Don’t make any commitments until you talk to a professional financial adviser. Explain what your investment goals are and ask them to help you develop a plan for realising achieving them.

4. Guard yourself from loss.

The sickening nightmare of seeing your dreams of wealth turn to dust as Bitcoin plummets or the bloke you met in the pub the other night disappears with your life savings. One way to guard against loss is to make it an unbreakable rule that you do not touch that core wealth that you are saving and investing for the long-term. Keep a ring of steel around that! If you are tempted to try your luck with Bitcoin or currency trading, only use money that you can afford to lose. That means any money that you have left over after you have saved your 10%, paid the bills and filled your belly. Money that you might otherwise spend on nights out can be handed over to the online bookies, if you can budget for it – see the second cure above. Never use a credit card or a loan for spread betting, gambling or any high risk investments. Before you engage in any high risk investing or betting, though, make sure you have thoroughly researched the field and that you understand what you’re getting into. If online poker is your dream, practice with your mates for match sticks first.

5. Make your home a profitable investment.

Owning your own home (and ideally a few buy to let properties) has become an obsession over the last thirty or forty years. Given the way property prices have ballooned over that time, it makes perfect sense to get on the property ladder as soon as you can, particularly when house prices are increasing at a much faster rate than incomes.

However, be aware that at some point the bubble may burst. Yes, people have been saying that for years and it hasn’t happened yet. But it is becoming increasingly likely that the authorities will take steps to let some of the air out of the property market. Potential measures include revaluing property tax bands and punitive taxes on buy to let properties and properties left empty. A major increase in house building is unlikely to have much impact on house prices by itself, but when combined with the potential tax changes, we could see prices reach a plateau and stay there for some time.

Given all that, the best approach is to find an affordable house or flat in an area where you would like to live for the foreseeable future, bearing in mind such things as local amenities, schools and the journey to work. Think also of the benefits of paying a mortgage and gradually acquiring total ownership (leasehold and freehold issues aside) of your home over 25 or 30 years, compared with being beholden to a landlord who can raise the rent or evict you at a month’s notice, and who will still own the roof over your head despite all the £000s you put in his or her pocket.

If you can’t afford to buy outright in the area where you want to live or work, consider such options as shared ownership and self-build. Check out what schemes are available in the area where you want to live.

If you already own your own home you can use it to generate extra income by taking in a lodger. If you live in a major city, a good source of lodgers is contractors – professional people working on a project local to you who need a place to stay for a few months and don’t want to use hotels. Often they will go home for the weekend so you have the place to yourself. Another option is to take in exchange students. They will usually come in for a week or two. You provide them with a bed, breakfast, a packed lunch and an evening meal, and get paid for doing so. Another option is to use your home for holiday lets while you’re on holiday yourself. This works particularly well if you live in a major city or a historic town.

Even if you rent, take a lodger (if your landlord will allow this) or run a home business (see below). You can still make your home a source of extra income, even if you don’t own it.

Two other things to consider. First, home and contents insurance. Make sure you have adequate cover for the worst that can happen: fire, flood, burglary. Second, if you have a mortgage, look at insuring it against unemployment and illness. Take advice and make sure that any policies you take out are fit for purpose and will pay out if the worst happens.

6. Develop a future income.

Who wouldn’t want to wake up in the morning knowing that whatever happens, they are assured of a steady income for eternity? Well, you can achieve this through your long-term savings, that 10%+ that you put by month after month, year after year.

When you talk to your financial adviser (as you must!) about your saving and investment goals, the first two issues you should focus on are a pension for you (and your partner, if you have one) and providing for your family when you’re no longer around, i.e. life insurance. Your financial adviser should also point you to other investments that can deliver additional income for you and your family, such as ISAs, unit trusts and government bonds.

Your aim is to ensure an adequate income for a long old age. Remember, people are living longer, but not always healthier. It’s not pleasant, I know, but think about the worst that can happen to you (short of an early death). You or your partner become chronically ill or disabled and need long-term care. How will you fund that? If you sell your home what will you leave to your children. This is the kind of issue you need to discuss with a financial adviser. You need a pension, plus other income streams, that will pay for all your needs for perhaps thirty or forty years after you stop working. Develop a plan, implement it, then get on with enjoying life.

7. Increase your ability to earn.

There is no such thing as a job for life anymore. These days, even professional occupations such as lawyer, accountant and insurance underwriter are threatened with automation and off-shoring. So, it makes sense to develop additional skills that you can make use of if you find yourself out of work.

If you think you’re at risk of being replaced by a robot, you should look very carefully at “future-proofing” your career. Think about jobs that are unlikely to be automated or off-shored in the future. They tend to be ones that involve face to face contact e.g. complementary therapies, nail technician hair stylist, personal trainer, life coach, counsellor. Also, jobs where a local presence is essential: electrician, plumber, lock-smith, builder.

Of course, many of these jobs are relatively low-paid and are in highly competitive sectors. That means you need to find a unique selling point: something you do that no one else does, or no one else does as well as you. Focus on something you are genuinely interested in – or better still, passionate about – and that you know you can be brilliant at. Be realistic about the potential income, the competition and the time and energy needed to make it work. Unless you already have experience in your chosen field, you will need to devote a lot of time, and perhaps money, to acquiring the necessary skills and certifications. You will also need to decide how you will operate: sole trader, limited company, franchise? Take advice before committing yourself to anything.

A popular option for generating extra income is online selling. Even if you’re in full time work and happy with your income, you can try it in your spare time and get a feel for what’s involved. A regular declutter will reveal all sorts of things you can sell: clothes, DVDs, mobile phones, unwanted presents. If you enjoy online selling, you could develop a successful business without risking your core capital.

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