Posts Tagged ‘economy’

Loanio Roundup – P2P Lending and More

Thursday, July 23rd, 2009

What investments are you making?

Good morning readers and welcome to another edition of Loanio’s weekly roundup. Below you’ll find several great articles under the categories of small business, the economy, p2p lending, and investing. We hope you find them helpful and interesting.

The Economy:

  • Smart Money says Traders are Cautious After Mixed Economic Data.
  • Is business truly the business of business? Debates the Economist.
  • Kiplinger writes about Safe Havens in Real Estate.
  • Market Watch says Stocks struggle for stability.
  • NPR announces ‘Tis Not The Season For Retail Jobs.

Small Business:

  • NY Times on Small Business and the Economic Crisis.
  • FT has Doubts that small business will gain.
  • Arizona Republic says company owners explain how they are scrambling to fund operations.
  • The Chronicle Herald publishes these common sense key to success.
  • Brooklyn Daily News writes Grameen America lending women a hand with small business loans.

Peer-to-Peer Lending:

  • South Coast Today on Peer-to-peer lending: Weighing benefits, risks.
  • NPR writes Peer Lending Spreads In Tight Credit Market.
  • Denver Post says Help from friends boosts loan-challenged.
  • P2P Banking on P2P lending companies by loan volume
  • NetBanker in response to P2P Banking with Peer-to-Peer Lending Volumes Worldwide.
  • Propser Lending Review asks How might an Obama/Biden administration change p2p lending?

Investing:

  • Learn the Stock Market and How to Trade on the Investing Market – 10 Better Things To Do With Your Money.
  • Learn a lesson — before you get one by Market Watch on 10 rules for stock market investing.

Photo Credit: 1

Originally posted 2020-11-23 05:19:07. Republished by Old Post Promoter

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  • stocksJust How Safe is Your Money Right Now? Even after the government took the opportunity to step in and bail out one of our largest insurance companies, the stock market still managed to find a way to completely tank, because many investors were not persuaded that this intervention was going to protect their investments. This is when you……

Personal Budget Planning is Crucial!

Monday, July 13th, 2009

Create a budget.

Personal budget planning is absolutely crucial if you want to build personal wealth and overcome things like the credit crunch and the current problems that the economy is experiencing. The word “Budget” is one that worries a lot of people because it often seems more like a hassle and a chore than anything else, but there are a lot of easy things that you can do in order to create a personal budget planning process that is beneficial to you and your entire family and household. Here are a set of basic steps that will help you build a personal budget that is going to work well for you and your household as a whole

– Begin the personal budget planning process by collecting at least three months worth of bills, expense statements and receipts.

Look at your bank statements, cash transactions and any receipts that you have saved. Look through your credit card statements as well. What did you purchase? What bills did you pay? Were there any fees that you paid? Are there any habits in your monthly bank statements that are worth noting? Are you spending basically the same amount of money every month? Are there expenses that are the same or similar every month? Answering these questions will give you a good foundation for your personal budget planning.

– Now that you have a firm handle on your expenses, the next step is to gather documents relating to your income.

If you are on salary, put together your paychecks and make sure that you are getting the same amount every month. Otherwise you should gather between three and six months of income statements to get an average amount that you earn in a single month.

– Now that you have a good idea of both your expenses and your incomes, the next thing to do is to compare them to see how much money is left.

This may seem like a frightening step, but it is important if you want to know how much discretionary income you have every single month.

– Now that you know how much money exists at the end of the month on average, you can start looking at what expenses can be eliminated or reduced.

Review your expenses carefully to find out how you can leverage additional income on a monthly basis, because this extra money can be used to reduce debts and begin to save money for the future.

Now that your basic budget is outlined, you can begin to work on prioritizing your debts by reviewing interest rates and listing your debts beginning with the highest interest rate and working down. Once your budget and discretionary income have been outlined you can begin to plan for your financial future by outlining both short term and long term goals in your personal financial life. The last step is simply to exercise patience and to stay the course for as long as you can. Personal budget planning is not going to become a habit as quickly as over night, but it will eventually become a habit if you practice it regularly.

Photo Credits: 1

Originally posted 2020-11-13 05:58:04. Republished by Old Post Promoter

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Loanio Roundup – Dia de Los Muertos

Thursday, July 2nd, 2009

Financial State of the Economy

Good morning and welcome to the Dia de Los Muertos edition of Loanio’s roundup. Dia de Los Muertos is a holiday celebration that takes place primarily in Mexico and celebrates the dead. It goes by Day of the Dead in English and correspondingly it matches the Catholic holidays of All Saints Day and All Souls Day. Below you will find links in easy to manage categories on the following topics: the economy, small business, p2p lending, and Loanio. See what people are saying and have a great day.

The Economy:

Small Business:

Peer-to-Peer Lending:

Loanio in the News:

Photo Credit: 1

Originally posted 2020-11-02 05:24:16. Republished by Old Post Promoter

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Should You Be Worried About the Economy?

Saturday, June 27th, 2009

If you are worried about gas, try carpooling.

If you follow the news, chances are the state of the economy may have you a little concerned. Bad news is rampant, the housing market is shaky and doom appears to be around every corner. While there are some definite problems with the economy right now, that doesn’t necessarily mean that you need to start panicking. Smart money management is always important, but if you find that you are overly worried about the state of the economy, there are a few steps that you can take to shore up your financial defenses and stop worrying.

The first step is to take a hard look at your mortgage payments, car payments and any other loans that you may have. If they are calculated under a variable rate, now is the time to start allocating a little extra each month to ensure that you have enough to keep up with the payments. If your mortgage payment looks like it is going to be too high, act quickly by negotiating with your bank for either a payment deferment or even a refinance. No one wins in a foreclosure situation and most banks will be willing to work something out with you.

The second step is to think about consolidating your credit card bills if necessary. If you are paying on multiple cards that all have high interest rates, you could be wasting a lot of money each month. Take advantage of a low or no interest card that will allow you to transfer those high balances into one. Just make sure you read the fine print to see how long the interest rate will remain low. Or use Loanio to receive a loan from lenders, this is easy and painless to do. This not only helps you save money on high interest fees, but you can also save time by paying only one bill every month.

Next, you can take a look at what you’re spending and how rising prices are affecting you. For example, the cost of gas right now has many people worried. You may find that you’re spending more to get to work than you may make for the day, or the ratio may have changed dramatically. If this is the case, consider setting up a carpool with other workers to save money, or you may even be able to arrange to telecommute. There are many ways that you can reduce your monthly expenses and free up more money to handle the rising cost of necessities.

This is also a good time to think about setting up an emergency fund. This is a very beneficial type of savings account that can tide you over if you run short during the month, or if you end up with a personal crisis on your hands. When you have the security of a savings account, emergency fund or other means of income, you’ll be in a much better position to weather any economic storm.

While the economy has been better, there is certainly no need to start panicking right now. Simply follow smart money practices, and you’ll be in a position where you can withstand whatever comes.

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Originally posted 2020-10-28 20:01:41. Republished by Old Post Promoter

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Loanio Roundup – The Economy, Small Business, Loans, and P2P Lending

Thursday, June 25th, 2009

The Economy, Small Business, Loans, and P2P Lending

Welcome to the fourth edition of Loanio’s roundup. There’s more on the peer to peer lending industry in this post with several links for small business entrepreneurs to check out as well. Browse through and make sure you’re up to date on all the financial information. Might want to grab a coffee first.

We hope the remainder of your weekend is great!

The Economy:

Small Business:

Peer-to-Peer Lending:

Loanio in the News:

Photo Credit: 1

Originally posted 2020-10-26 05:40:29. Republished by Old Post Promoter

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Is Leasing an Auto a Good Option Right Now?

Wednesday, June 24th, 2009

Should you lease a car?

With the current state of the economy and rising interest rates, many are considering leasing an auto instead of making an outright purchase or financing one. While there are a few benefits that can come through a leased vehicle, this is a decision that will require some careful thought and weighing of the pros and cons before leaping. This is particularly true if you have never leased a vehicle before. Let’s take a look at whether or not leasing is a good option right now.

First and foremost, the most important thing to consider about a lease is the fact that you will have a buyout price at the end of the lease period. Many people forget about this extra fee and at the end of a few years find out that they really aren’t in any position to purchase their car. Unless you have more than enough money saved up to pay that extra fee at the end of a lease term, this may not be a wise option.

Another common problem facing those that lease is the fact that once the lease is complete, you won’t have a vehicle to trade in unless you do decide to purchase the leased vehicle. While leasing is convenient, it is often very difficult to get another car, especially if your funds are limited. Unless you plan on leasing for many years to come, this is something that must be considered. Essentially you’ll be paying for two to three years on a car, but at the end of the term, you’ll have little to show for your efforts.

While the interest rates for leases are usually a bit lower, there are some extra fees that may be included that can reduce any potential savings dramatically. It is vital to read through a lease document completely before you sign it to ensure you understand how much you will be paying now, during the term of the lease and when it is over. You may be told that your lease payment will be a certain amount when you are shopping for the car, but in actuality, you’ll have to add in other fees on top of that initial quote and your payment can be affected. Dealers that are above board usually do not tack on extra fees, but it does pay to be cautious.

We’ve gone over quite a few negatives about the leasing process, but there are a few positives to consider as well. First and foremost, the monthly payments are usually quite a bit lower. Considering the state of the interest rate market at this time, this is usually a very attractive selling point for many car buyers. The warranties are usually a bit better on leased vehicles and you may even be able to take advantage of some tax benefits if you do decide to go this route. Leasing is not for everyone, but with careful management and a complete understanding of the terms, they may also be very beneficial.

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Originally posted 2020-10-24 04:55:29. Republished by Old Post Promoter

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Loanio Roundup – Credit and P2P Lending

Thursday, June 18th, 2009

Credit and P2P Lending

Welcome to the third edition of the Loanio Roundup. This edition looks at what is going on in P2P lending, the economy, and more. There are some links on college financing and a swift look at the auto industry. Browse the links below and tell us what you think. What are you most interested in hearing about? Have a good weekend!

The Economy:

Auto:

College:

Peer-to-Peer Lending:

Loanio in the News:

Photo Credit: 1

Originally posted 2020-10-19 05:45:40. Republished by Old Post Promoter

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  • Lending Club vs Prosper — The 1st 100 Days Recap and Modest Proposal Last week week I wrote a comparison of Prosper and Lending Club based entirely on loan volume in reaction to the Lending Club claim: 100 Days and a Million Dollars in Loans! Prosper had 2.6 times the loan volume: Lending Club vs Prosper — The First 100 Days Take 3 Lending……

Welcome to the Loanio Blog!

Monday, June 1st, 2009

Now that we are deep into the first 24 hours of going live, I would like to take a moment to officially kick off the Loanio Blog. For more about our official launch, please click here to view our first press release.

The week leading up to this launch has been a wonderful time for me and my family. My son just turned one, I won $1,000 in the New York State lottery, the Jewish New Year began, and now Loanio has finally launched! However, the week also continued with lots of uncertainty about the future health of U.S. financial markets and economy. I for one am quite confident that things will eventually get back on track, but I believe we have a long road ahead of us. With that said, I suppose you could argue that it is either the best of times to introduce a new “alternative” lending and borrowing platform-like Loanio-or the worst of times. We are passionate about the former and we hope you are too.

At this time, I wish to thank everyone who has been supporting this project from day one. The development of this website has been a very long, complex, and winding journey-it simply would not have been possible without them.

I am extremely excited and bullish on the future that is ahead for Loanio and the rest of the peer to peer lending community. I invite you to join us toward the goal of bringing these great alternative borrowing and lending vehicles to everyone.

Michael Solomon
CEO and Founder

Originally posted 2020-10-02 07:55:23. Republished by Old Post Promoter

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Prepare for Your Retirement Now

Sunday, May 3rd, 2009

Plan for Retirement Now!

If you are young and just beginning a career, then the concept of retirement planning may seem so far away that it is the last thing that you put any consideration into. However if you are on the opposite end of the fence and retirement is just around the corner, then you may find yourself struggling to figure out how to keep things handled. Regardless of what your unique situation currently is, it is an absolute must that you begin to prepare for your retirement now if you have not done so already. Considering everything that is going on right now, like gas price fluctuations, fears of recession and the instability of Social Security, planning for retirement is simply not what it used to be. You need to invest, plan and save for your retirement these days rather than simply saving and hoping for the best.

First of all, your place of employment may be able to offer a retirement plan or 401k plan, but this is not always the case. Back in the day, 401k planning was known as pension planning, and it was a vital and solid part of the retirement planning process. However, as the economy turns into an economy that is more competitive than ever, these older and more reliable retirement plans are becoming a thing of the past. Still, 401k planning can be absolutely vital, and most employers do offer 401k planning support to their employees.

401k planning is a vital and powerful way for you to invest for your retirement over a period of time. 401k planning usually allows for you to invest in a number of different company stocks and mutual funds. When making your selection for investments, it is important that you learn how to practice diversification, which means spreading your investments out into different asset classes. Most importantly, it’s important for you to learn from others mistakes. Do not put all of your retirement funds into the company’s stock, for example. No matter how solid you think the company is that you are working for, things can go wrong, and you can lose your retirement plan when you lose your job if you’re not careful.

Now, if your employer does not have a 401k planning process, then it is more important than ever for you to take a proactive approach to retirement planning. You can set up an IRA or Individual Retirement Account, which is an excellent way for you to kick start the retirement planning process when you do not immediately have 401k planning options available to you. Traditional IRA accounts allow you to deduct your contributions so that you can take advantage of growth with taxes deferred until retirement. Roth IRAs work differently, in that they are not deductible when you contribute, but when you go into retirement they will be completely tax free.

401k planning is an important part of preparing yourself for retirement, so take it seriously and do not wait. The sooner you begin planning for your retirement, the better off you will be.

Photo Credit: 1

Originally posted 2020-01-02 05:53:44. Republished by Old Post Promoter

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