It is all well and good to start a plan for a solid financial future. We have all heard the sound advice. Buy shares, buy properties, land, precious metals, businesses, so long as you buy something worthwhile, your future financial stability is assured. But is it?
There are three factors that can significantly threaten your net worth, and wealth. These are easily identified by the acronym PIT:
Procrastination
Inflation and
Taxes
The first phase of any financial plan is accumulation. But how many of us put this off until the last minute? Procrastination is an interesting psychological behaviour that we all employ to varying degrees. We often know what we should be doing even though we may not have done it yet. Being aware of procrastination can become the beginning of doing something about it.
Truth be told, until you save, you cannot accumulate. The earlier you start planning, the sooner you will save, and the faster your assets will grow. Remember, it is not about getting it right, it is more about getting going.
When most successful people were asked what they would have done differently, their unanimous answer was, ‘I wish I’d started sooner.’ Do not be afraid of making ‘mistakes’. Think of them as part of learning.
Find yourself a good wealth coach and start taking small steps. Save to invest a minimum of a tenth of your income, regardless. You do not need hundreds, or even thousands to start investing. I know many investments that you can start with as little as £50 per month. Learn as you go and build your understanding and confidence gradually.
The next biggest threat to your financial future is inflation. Inflation is the fall in the market value of your money and is closely linked to the cost of living. Ten years from now, you will still have to purchase goods and services that will cost much more than they do today. Invariably, your pension plan (if you are lucky enough to have one then) that seems like so much today will most likely be a pittance then. You only have to look at how much our parents bought their homes for to realise what impact inflation can have.
The last, but by no means least threat to your financial future is the taxman. Learn to manage your relationship with him for he plans on becoming your financial partner for many years. What inflation does not wipe out, the taxman patiently will. In trying to avoid the taxman, be careful not to evade him. There is a marked difference between tax avoidance and tax evasion.
There are legal strategies and vehicles to avoid paying excessive taxes on your investments. A good tax advisor or accountant can help you with your plan.
In the UK, the greatest tax avoidance vehicle is the Individual Savings Account (ISA). With an ISA, you can save and/or invest up to £7,000 each tax year, and not pay any tax whatsoever on the income and gains you receive from your ISA.
Everyone should have an ISA, every year, before other investments.
Numerous personal requirements and professional desires demand us immediate cash. At such times money gains its value in terms of time elapsed. It’s well known that any loan or debt requires a lot of paper work and valuation schemes, taking much of your precious time. Thus quick cash loans are perfect solution to escape from these obligations. They fill you up with immediate cash satisfying all your personal or professional requisites.
Quick cash loans: terms and conditions
Quick cash loans are applicable to all UK residents who are employed counting self employed as well. The applicant should own a personal account. Quick cash loan is entitled to have least paperwork supporting swift money flow. The requirements laid can vary from lender to lender, commonly employment status attested by all college employees, address proof etc are demanded. Cash is credited in your personal account within 24 hours of application. They do not have a fixed interest rate but depends on the amount borrowed. It’s a short termed loan and can be lent over a time period of 7 to 30 day’s. One has to pay £25 on every £100 lent whether he pays it after 10 days or 25 days. Quick cash loans are subjected to people with sound credit score, though an increase in interest rate can further satisfy the lender.
Quick cash loans: advantages
Loaning business is a competitive one. Quick cash loans are now even supported by online facilities offering you better privacy and time management. One have to now search for the loan on his PC and an application can be made from there itself. Cash is transferred immediately as your application is accepted. In a way it serves your social pride by saving you from all the discomforts caused in case you borrow with friend or family. Repayment can be done either by post dated cheques submitted at time of application or self deduction from account itself.
Quick cash loans: suggestion
Online facilities are advised to use. A high structured search for best suited plan should me made.
Alec Reece has a way with dealing with loans for a long time. Writing articles is just a way to extend this to consumers and provide empowerment through information.
To know more visit easycashloans.co.uk easycashloans.co.uk
Every investor would like to increase their income without compromising their stability. Maybe that’s why Equity Indexed Annuities (EIAs) have become so popular, because of their promise of providing a stable income stream. But there are a number of ways that you can easily outperform what an EIA can deliver. In this article, I’ll show you how to meet your need for stability and income in your portfolio.
One of the main sales-points of EIAs is their promise of a stable income stream. Many nervous investors are comforted by the thought of a guaranteed minimum return on their investment of 3%, especially in today’s low interest rate environment. They’re willing to accept this small return, because they think they are able to participate in the growth of the stock market without all the risk.
But what these investors have done is confuse objectives with risks. Because of their fear of losing money in the stock market, they settle for a paltry return. They’re trying to meet 2 objectives: growth and stability, with the same investment. How much better it would be for them if they used separate investments for their different objectives.
Growth and stability investments each have their own set of risks and rewards. By combining the use of both, the risks balance each other and you get the rewards of both. Unfortunately in an EIA, its growth potential is severely limited by caps and high fees. Next week I’ll discuss how to boost your returns in your growth investments. Right now, let’s take a look at how easy it is for you to outperform the guaranteed rates of EIAs.
There are many better alternatives for the stable portion of your money. These include government guaranteed Certificates of Deposit (CDs), U.S. Treasury Inflation Indexed Securities (TIPS), government and corporate bonds, guaranteed investment contracts (GICs), and Real Estate Investment Trusts (REITs).
These alternatives can provide the stability you are looking for without forcing you to commit to them for 10 years. More importantly, if anything happens and you decide you want YOUR money back, you have much greater flexibility in these alternatives than you would in an EIA. On a CD for instance, the penalty for taking your money out early is typically a maximum of 6 months worth of interest. That’s considerably less than the 3 years worth of interest penalty on some EIAs.
The rates of return on these stable alternatives are also better then the 3% offered by an EIA. Three year CDs are being advertised in my local paper pay just over 3%. TIPs are paying close to that and can increase what they pay as inflation returns. Government and Corporate bonds historically have averaged 5-6%. Even though they pay less than that today, interest rates are expected to rise over the next few years. Why would you want to tie your money up long-term at 3% in an EIA when interest rates are at 40 year lows?
REITs can provide a stable income and are a good alternative. For instance, many of my clients have invested a portion of their money in a REIT that is yielding 8.3% and pays the interest monthly. Another is yielding 7%. There are closed end mutual funds that invest in REITs that regular pay between 5% and 8%.
Guaranteed Investment Contracts are like Certificates of Deposit but are offered by insurance companies. They are not FDIC insured but are backed by the ability of the insurance company to repay the money when due—just like all the money you would invest in an EIA. GICs from well-established insurance companies currently pay 3%.
You aren’t required to only choose one of these stable alternatives, either. Depending on the size of the stable portion of your investment, it could be divided between several of the alternatives to increase your safety and flexibility.
The key to having a stable income stream from your investments is to retain flexibility and control, while also keeping a healthy diversification between categories, maturities and issuers. As you can see, it isn’t that difficult to outperform an Equity Indexed Annuity. And you won’t have to lock up your money in the process.
If you have a specific question or would like more information go to guardingyourwealth.com. guardingyourwealth.com. You can also reach me by email at
A financial advisor and friend once told me, “It doesn’t matter how good of job someone has, if they want to acquire wealth in this life, at some point they are going to have to invest in something.” Investing is something most people will do during their lifetime. They may invest in real estate, life insurance, stocks, bonds, mutual funds or a simple 401K.
Good investing can bring peace of mind, security and the lifestyle you and your family want to live. On the other hand, poor investing or not investing can cause a lot of personal and family stress. Here are a few basic ideas and tips for someone just beginning his or her portfolio:
Start Young
Albert Einstein supposedly called compound interest “the eighth wonder of the world.”
The younger you start investing, the less you will have to invest to enjoy the same yield. For example, suppose you have a retirement goal of $500,000 and you want to retire at age 65. (For this example, we’ll use an average return of 6%)
If you start investing at age 35, you will have to invest $498 each month for 30 years for a total of $179,191 to reach you goal. However if you begin to invest at age 55, you will have to invest $3,051 each month, or a total of $366,123 to reach your retirement goal. Money invested while you are young yields a much higher return.
Buy Safe Investments to Start
Entering the world of investments can be an overwhelming and intimidating experience. There is so much information, investment strategies and investment types that it would take a lifetime to learn all of them, and by then, it’s too late. Start with some simple, safe investments while you continue to learn. Not only will you be able to start investing earlier in life, but you will also gain confidence as you watch your portfolio grow.
Use a Broker
With the Internet and online stock broking service, it’s easy to buy and sell securities without ever talking to real person. However, when you’re just getting started, it’s a good idea to meet with a broker. Ask friends or family to refer a good, honest broker.
Brokers can explain things clearly, will introduce you to investing and guide you in the right direction. They can help you set up accounts like an IRA or education savings plan. They can even set up an automatic investment plan so contributions will automatically withdraw from your banking account each month. This is also good for someone who has a hard time dedicating money to investing.
Become Educated
We live in a world of information and there is a wealth of information about investing. A lot can be learned from credible websites, you can find books at your local library, join an online investment group, talk to your peers and even sign up for free investing seminars. Lack of knowledge should never be a reason not to invest.
Practice Online Investing
Before you jump head first into the stock market, you should spend some time testing the water. There a couple of ways you can do this. You can start by investing and trading penny stocks. Penny stocks give you experience, let you use investment tools and make decisions based on news without a large initial investment. However, some have deemed penny stocks riskier, but they are a good way to get your feet wet.
You can also use a trading simulation service. You can invest virtual money in a virtual stock market that is based on the real stock market. You will be able to learn to use tools, become familiar with the different types of investments and weigh your risk with no real danger of losing your money.
Invest for Retirement
Retirement is the #1 reason people invest. With a depleting social security system, people are relying more and more on personal investments to insure the lifestyle they want in the later years. Individual retirement accounts (IRAs) and Roth IRAs are account options for retirement. You can see a local investment agent or research the topic on your own to decide which is best for you.
Invest for Higher Education
We not only invest for our own benefit but also for that of our family. An education fund that is started at a child’s birth has a lot of potential. Even if only a small amount is contributed each month. This is also a great way to introduce your children to investing.
Every individual has some unique abilities deposited within him or her. These abilities lie dormant until they are given a definite assignment and by constant use, are developed into skills. Skill is the ability to control a situation with an available resource to achieve a desired objective. It is that problem that you, and only you, knows how to solve best.
Bill Gates is rich today, because there is a problem he knows how to solve best. Igvan Kamprad is rich today, because there is a problem he knows how to solve best. When you solve people’s problems well, they become willing to reward you, or say thank you to you with their money. Your skill gives you and edge over your competitors. Human wants are unlimited. People are struggling everyday to satisfy their wants and make themselves more comfortable. They are willing to do anything, even part with their money to acquire a product or service they perceive would make them become better, or give them a sense of satisfaction. They are willing to pay for a car that would give them prestige, they are willing to pay for a book that would give them valuable information, they are willing to pay for cell phones in order to keep in touch with their loved ones, they are willing to pay for health services to keep themselves healthy. People are wiling to pay for anything that would make them become better in life.
This phenomenon becomes an advantage for anyone who wants to become rich. Find out what can make a group of people feel better and give it to them-they would be willing to pay you for it. This ability to solve people’s problems is called skill and you already have some of them within you. There is a particular problem you can solve very well for people. You are not a liability. People need you to feel better. All you need to do is to find out that ability and develop it into skill. It is your greatest resource for wealth creation.
It could be your ability to smile and ease peoples tension, it could be your ability to speak well and impart valuable knowledge, it could be your ability to sing melodiously and entertain people, it could be your ability to fix machines fast and save people time and anxiety. Any problem it is you can solve very well, that is your greatest resource for wealth creation
Principles of skill development.
1. The principle of interest
You can only do best things you have passion for, and you can only solve best, problems you have passion for.
2. The principle of focus
You cannot do everything. Stay focused solving the problems you know how to solve best and allow other to solve the ones they know how to solve best.
3. The principle of consistency
Keep solving the problems you can solve best everyday, consistently. Think about it, dream about it, talk about do it everyday, consistently.
4. The principle of improvement
Learn from those who has experienced and solved that problem before you develop you efficiency.
Uche Onutochukwu is an internet business coach that helps small abusinesses to succeed online. You can get more about him at 2betterlife.com 2betterlife.com
One of the most important Universal Laws for you to know is that thoughts are things and that YOUR thoughts create your reality. Once you incorporate that ageless wisdom into your consciousness, your life will never be the same. You will begin to take your life back and begin an exciting, new adventure that will bring you more happiness, wealth and success than you’ve ever known.
So…right here and right now, ask yourself if your thoughts are centered on prosperity and success or are they focused on lack and limitation? Next, take a look around you. What you think is what you attract in your life…the people, the situations, your state of mind AND your environment. If you are not currently experiencing the success and abundance that you desire, you may need to change your thoughts and begin to keep them focused on success and abundance and RID your thoughts of lack and limitation. As the very wise philosopher, Vivekananda once said, “Whatever we are now is the result of our acts and thoughts in the past, and whatever we shall be in the future will be the result of what we think and do now.” So….if you don’t like how your life is right now, you CAN change it, but it will take changing your thoughts and beliefs to make that happen, but you can do it!
There are a million excuses we use as to why we don’t have something on our lives. There is a saying, ‘Argue for your limitations and they’re yours!” The ONLY thing that is limiting you right now are your limited thoughts and beliefs. As you think, you either move forward or backward. The Universal Law is impartial. Your thoughts will either pull you up or bring you down.
I know for some of you, this new information is hard to grasp. That’s ok. But be assured, all the principles that I will be presenting here as well as in my future articles and upcoming book, “Change Your Life In One Pivotal Moment,” are very easily understood as well as easy to implement into your life. These univeral laws are well worth learning, for understanding them and implementing them into your life will result in a life that is well worth living.
It is said that those who take up any subject with an open mind, willing to learn anything that will contribute to their advancement, comfort and happiness are wise. If you use these principles wisely and intelligently, there can be no uncertainty as to the outcome of ANY endeavor, and no limits to your possibilities. You can learn to master ALL circumstances and situations in your life. A quote from Democritus will underscore this as he said, “The test of progress is not how much intellectual knowledge you have added, but how many mental illusions you have discarded. There are those who know many things, yet are lacking in wisdom.”
Bottom Line: Your successes will multiply and increase in proportion to your mastery of these laws. We get EXACTLY what we settle for, nothing more and nothing less. You attract people and events on the level you are on and not on a higher level. You MUST raise your level to attract anything on a higher level. As you already know, “Water seeks its own level.”
There is a great saying from Emerson which is, “WHO you are speaks so loudly, I can’t hear what you’re saying!” Whether you believe in metaphysics or not, every single one of us sends out an energy or a vibration which accurately relfects what we are thinking and feeling and people can telephatically pick up on that energy we give out whether they understand it or not…and they respond to us by voting yes or no. Yes, to an energy of positivity, success and happiness and a resounding no to negative, toxic energy. Ask yourself….do YOU want to be around negative, toxic energy? No, of course not, and neither does anyone else. So ask yourself right now what energy are YOU sending out? Your happiness, your success and, YES, your income will VERY much depend on the energy you exude for you are either pulling people to you OR you are repelling them. You do not attract what you want, but what you are.
By getting centered on these universal laws, we can move forward to gaining new insights as to why our life is as it is and start creating new and better situations by holding much higher thoughts and beliefs in our minds. With this exciting, new knowledge, we gain a valuable understanding, an inner strength, and a wonderful new self-confidence emerges about who we are. We can then confidently march out into the world…into our jobs…and people begin to gravitate to us and we begin to pull wealth and success to us with grace and ease and let go of the enormous struggle and torment we are used to.
It is our absolute right as spiritual beings to prosper and succeed in this lifetime. Envying or resenting others who have demonstrated enormous prosperity and success is not the way to go either. By doing that, you are seeing their wonderful success as bad…their beautiful homes, their cars, and other material things they have. Those possessions are not bad whatsoever. In fact, the people who have them simply think of having them as normal and natural and they are CORRECT! It is that type of “prosperity consciousness” that they had that drew the very best that life has to offer to them. If you held those same thoughts steadily in mind, you would also manifest tremendous success, abundance and prosperity in your life.
We all desire nice things and a high quality of life and for the most part (with some exceptions), the people attained their wealth and success through their belief in their ability to attract and have it in their lives. They had the DESIRE, the belief and the tenacity to go after it and obtain their wealth and success. They believed it was normal and natural to have abundance, prosperity, and success in their lives and it was! This MUST be your belief as well as we can only attract to us what we are in HARMONY with. Always remember, “Like attracts like!”
Please know that another very important universal law is that whatever we subconsciously wish for others, we wish for ourselves. Wishes are like psychic boomerangs. We get back what we send out. We MUST make sure that we wish only good things for both others and ourselves. As John McDonald wrote in “Message of the
Masters,”…”Remember this great truth; whoever or whatever it is you resist—whether in thought, word, or action in the form of resentment, criticism, envy, jealously, hatred, or otherwise—you most assuredly help, and you weaken yourself proportionately. Why? Because you have deliberately taken a portion of your precious life force so necessary to your progress and transferred it to that person or thing. Have you ever witnessed someone becoming exhausted after a fit of rage? Exhaustion is depletion. Something went out to the other person’s benefit and to your loss. This is an example of the transfer of life force, in a violent form.”
These teachings are about working on SELF and forgetting about what everyone else is doing, being and saying. Take your power back right now and focus and work only on yourself—your thoughts, your beliefs and your actions—and make the them BEST possible thoughts, beliefs an actions that you possible can. You will then ASSUREDLY begin to attract the best possible circumstances to you and those around you will benefit greatly as well.
Remember also the words of Eleanor Roosevelt when she said, “No one can make you feel inferior without your consent,” and also a great and humorous Yiddish proverb which is, “Do not make yourself low; People will tread on your head.” You MUST begin to hold only the highest and best thoughts about yourself and your right to prosper in EVERY area of your life. When your thoughts and beliefs are consistently held with that truth in mind, you will begin drawing your greatest successes to you In One Pivotal Moment!
For more information on this, log onto my website: inonepivotalmoment.com/ inonepivotalmoment.com and click onto the podcast entitled: How To Master All Circumstances In Your Life.
Jane Abram is the creator and host of the LA based radio show, “In One Pivotal Moment.” She has also written a powerful, little companion book to her show called “Change Your Life In One Pivotal Moment” which is available at xlibris.com xlibris.com and also at amazon.com. Her exciting, new book, “Creating Enormous Wealth And Prosperity The Easy Way!” is now available at xlibris.com in print and at Consciouskernels.com Consciouskernels.com in ebook and audiobook formats.
Personal loans are loans that can be taken for any personal use. These loans are broadly divided into two parts: secured personal loans and unsecured personal loans. A borrower has to put up a collateral to avail the loan in the case of the secured option. The equity in the collateral determines the loan amount dispensed by the lender.
With unsecured loans, there is no requirement of a collateral from the borrower’s side. These loans are given relatively freely. Still, to compensate for the absence of a security, lenders tend to elevate interest rates.
Personal loans can be deployed for myriad purposes, like funding a holiday, vehicle purchase, home improvement etc. As far as holidays go, a personal loans is a more desirable method to avail finances than the greatly advertised buy-now-pay-later credit card method. For funding the purchase of a car, a car loan facilitates people to make installed payments, and this liberates other duties.
In the UK, home improvement is gaining rapid popularity. People are constantly looking to augment their homes’ look. Also, the media has exaggerated this aspect. Now you find television programs advertising the benefits of investing on a home. Though, many do not have enough money to meet that need. In this case, a secured personal loan fits the requirement perfectly.
One can get a Personal Loan through several sources. Of these avenues, traditional banks and building societies are the oldest and the best established options. Also, recent trends have suggested the coming of age of private lenders, those who specialise in specific kinds of loans. The Internet, however, is the arguably the best option in terms of choice.
There is a possibility of availing cheap personal loans. However, this needs a little more research and concerted shopping. These days, one can find a vast range of loan companies in the nation’s financial market.
About The Author: The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in business administration and is currently assisting Loans-bazaar as a finance specialist.
For more information please visit at: loans-bazaar.co.uk loans-bazaar.co.uk
Many student lenders and financial aid institutions can now tell you that as a borrower you now more often than not have a number of options that can help you pay off your student loan easily enough. In fact a student loan debt is in general far more flexible than all the other types of debt. Most Federal student loan programs usually offer extended repayment periods. This can lower your monthly costs. However, it must be known that the longer that your loan term is, the higher your overall cost of loan will be. Federal student loans also give you the ability to postpone your payments or even pay less than the entire amount that you owe. This is to protect the borrower in the event of his becoming unemployed or suffering any unforeseen financial hardship.
Today student loans have a large variety of repayment options. These options even include some payments that rely on salary, also called income sensitive payments. These can be graduated payments that will start small and then slowly rise over time. This gives you as a student borrower enough space to breathe. There is now also a provision for a possible rehabilitation of a loan that is defaulted. This will see that some or all the negative information about your loan is removed from your credit report.
However this is only done after twelve consecutive monthly payments have been successfully made.
Private student loans make up approximately twenty percent of new loans that are disbursed to students. Now even these loans permit consolidation, deferment and forbearance that in turn help by lowering the monthly costs borne by the student borrower. So it can be well concluded that student loan debts are not difficult to pay off considering the various consumer friendly options that they come with.
e-studentloandebt.com Student Loan Debt provides detailed information on Student Loan Debt, Student Loan Debt Consolidation, Student Loan Debt Elimination, Student Loan Debt Forgiveness and more. Student Loan Debt is affiliated with i-StudentLoanRefinancing.com Federal Student Loan Refinancing.
The Joint Legislative Committee on Government Consolidation and Shared Services held its first meeting on 8/806. Senator Robert Smith the Committee’s Co-Chairman said “home rule has lead to New Jersey having the highest property tax burden of any State in the United States”. However, he said that their is no single silver bullet to solve New Jersey’s excessive property tax burden. Nevertheless, the committee is charged with coming up with a legislative action plan to be submitted to the Legislature.
Senator Smith believes New Jersey should look to states that rely on county school districts, instead of the local administration in New Jersey that has produced more school districts than towns. He called it the most inefficient system in the country. In an August 9, 2006 Asbury Park Press article called “Sharing Services May Not Pay Off”a New Jersey School Board Association spokesman said the current law provides that if school districts merge, the larger district’s union contract is to be the one used — even if its salaries are more generous and there fore costlier to taxpayers.
Testimony before the committee reported that the State has 1,389 different entities that can levy property taxes, including municipalities school districts and fire districts. What struck me after listening to the testimony given to the committee about the history of consolidation in New Jersey is the disjointed, fragmented, locally driven parochial measures that have dragged the State into its current State of law and practice regulating consolidation.
Ultimately, I believe there is not enough political courage, legislators realize that forcing consolidation will likely cause them to lose their job, This is especially true if the State uses the stick approach and forces consolidations that at best “over time” saves only 10% to 20% in costs and therefore reduces property taxes by a like amount. What is worse is that consolidation in some cases could wind up costing more!
I am waiting for the discussion to commence on which local municipal services are essential local government functions and at what cost. Further, if they do not belong at the municipal government level then which government level should fund them? I believe New Jersey will shift certain local government and school functions to a higher level of government in the State and establish appropriate cost and service levels. District schools consolidated at the county level, the prosecutor’s office, county jails, county school superintendents, moved to the State level. But, this represents a very daunting task for a legislative committee to assemble into a legislative action plan by November 15, 2006.
Why do New Jersey residents cling to the concept of home rule? It is because they like their local school whose teachers and principal they know. They like knowing the people who serve on their local planning and zoning boards, they like their local recreation programs and fear that under consolidation they might be spirited off to some other venue if local control was lost. Some residents in small towns have built up a report with their local public works staff to get their roads plowed first … so that their husband can get to work on the midnight shift. Other like the patrol car coming by once a day, or the fact that the local police are the first to arrive when there is the need to call an ambulance.
These are the items that build character into a community that people want to retain. I believe that generally people do not care who the business administrator is, or who the assessor is, what office handles the collection of taxes (but lets not have to drive to the county seat to pay our quarterly property tax bill). I do not believe people generally care about whether their town has civil service or not. I would venture to guess most residents do not even know which departments in their town are governed by civil service rules. Home rule has its virtues but at what cost will property taxpayers say the hell with home rule. At some point coercion to consolidate is not coercion if it is the will of the people said Senator Smith of the committee. Has the property tax burden on home owners in New Jersey reached the breaking point so that New Jersey legislators and the governor will favor the big stick approach of mandatory consolidation?
Basically, property taxpayers want services they can afford, service levels that will maintain the character of their towns that support the values incorporated in their homes which is their largest source of wealth in most cases. People also want their services delivered in the most economical way possible. Senator Smith said to reduce New Jersey’s average property tax on home owners to the national average will take a very big vision answer.
Tom Hester in an Asbury Park Press article on 7/3/06 called “Some In N.J. May Be Big Loser”said a 2003 Rutgers University study found that reducing the New Jersey’s 616 school districts by half would save $365 million after four years, doing little to cut the $20 billion collected annually in the New Jersey property tax. Hester went on to quip that the State has set aside $600 million in the current year’s State budget to cut property taxes, but it would have to cut property taxes by $6 billion to put itself at the national property tax average for the average home owner.
Senator Joseph Kyrilos, Jr. noted at the committee meeting that in New Jersey 50,000 people have ben added to the government payroll over the last five years while 120,000 business jobs have been lost. I think his point was you have to be careful about trying to extract more taxes from the business community. Others at the committee meeting noted that property taxes in New Jersey have risen three times faster than personal income in New Jersey over the last five years.
Testimony at the committee hearing from administrators in the front line of consolidating local government services said that consolidation is not the panacea to New Jersey’s excessive property tax burden. Those administrators said after 30 years of attempting various consolidation laws, consolidation is just a finger in the dam. Further testimony at the hearing reported that New Zealand went through a government upheaval and accomplished a 20% reduction in local government employees and reduced their over 600 government units to 80. Apparently the lesson from New Zealand is to go after the big buck items. If consolidation is just done on the margin then it will represent nothing but a castle of sand — a lot of work undone in a moment with the next wave of property tax increases.
Biography: Gerald ‘Jerry’ Dowgin “The Property Tax Doctor” and the author of the Homeowner’s Assessment Review Guide ( propertytaxdoctor.com propertytaxdoctor.com) a former tax assessor worked in the field of public finance at the State and local levels in New Jersey for more than three decades until his retirement in 2001. As a Supervising Tax Analyst in the Office of Research and Statistics in the Division of Taxation in the New Jersey Department of Treasury he worked principally on local property tax issues. Then he joined the Office of Legislative Services (OLS) in 1983 and served as the Secretary to the New Jersey Property Tax Assessment Study Commission for four years. While working in the OLS, Local Government Section he researched, drafted, and estimated the cost of the Senior Property Tax Freeze Bill which was signed onto law and worked on legislation that became law that virtually stopped the tax assessment practice of “Spot Assessments” in New Jersey that had treated many property taxpayers unfairly.
The daily routine of a modern man demands his own quick means of commuting. Car manufacturers are meeting this demand with constant supply of new cars. Buying a car has become very easy, even for those who cannot save up enough money for this purpose. There are car loans, the ultimate source of cash for many car purchasers. One can finance a car through the car dealers, but this option is not as favourable as car loans.
Financing a car with the traditional car dealers means that you get the right to drive the car, but do not own it. Same is the case with the manufacturer. Going through them you will have a car, but you will have the ownership only when you pay off the amount you borrowed. On the other hand, purchasing a car with car loans is just like buying a car in cash. The lender will not interfere in the car purchasing process. He will simply provide you with the cash you need to purchase the car.
Another benefit of car loans is that they carry much lower interest rates. Research shows that the interest rate charged by traditional car dealers or car financiers is much higher than car loans. Beside that you can enjoy flexible terms and conditions. Car dealers fix rigid repayment terms. They also take any missed repayment seriously. Repeated missed payments may result in the seizure of the car. Worst of the lot, there will be chances of nasty surprise down the line in the form of hidden charges.
Car loans are free from all these negative factors. These loans are available to all types of lenders. Whether you can offer collateral or not, car loans will be accessible to you. Those who can offer collateral can go for the secured car loan. They can also go for the unsecured one. Those who cannot offer collateral will have to be satisfied with the unsecured car loan.
The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in Business Administration and is currently assisting E-Business Loans as a finance specialist. For more information please visit: adverse-credit-car-loans.co.uk adverse-credit-car-loans.co.uk adverse-credit-car-loans.co.uk adverse-credit-car-loans.co.uk
