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Invest savings

Why We Should Invest

Many of us start life as employees of big or small companies. Do you set some money aside as savings? If not you should start today for the rainy day. After you have accumulated your cash, you should think of investments. It will not make a big difference when you have all your money in your bank account without it earning you profits or multiplying. If you do not have knowledge on investments, check how to invest in singapore guide by Dr Wealth. So why do people invest?

To Achieve Financial Independence

Growing wealthFinancial independence is not about quitting your job or retiring early but having the freedom to do so. If you lost your job today, will you still run your life generally for the next six months? Financial independence is the ability to run your life normally without relying on a job. If you are financially independent, you should be able to live your life at your terms. To gauge your financial freedom, think of what will happen in the next months if you lost your job today.

Put Your Money to Work

Invest savingsIf you have mastered the art of saving, your money must be parked somewhere, either in your bank account, wallet or a secret drawer in your bedroom. It is okay that you have saved a lot of money but do you know that having it lie in your bank account does not benefit you? It is critical to utilize the money you have now to grow more for the future, and this is what investments do to your money. Multiply and grow it. Allow your money to work for you. Hiding it in your secret drawer is not good enough.

Beat Inflation

So what is inflation? It is the increase in the prices of goods and services over time; you will realize that you can buy fewer products and services with the same amount of money. Different states suffer different inflation rates, but it is there in all economies. If you keep your money in the bank, have it at the back of your mind that it is losing value year after year.


Retired grandpaAfter working in your youth, a time comes when you cannot work anymore. The employment laws have set the retirement years, and when that time comes, you should leave work and rest. If you have not been saving and worst not investing, your retirement years will be stressful. Employees are encouraged to invest in their youth for a happy and peaceful retirement.…

forex trading

Why You Need To Trade At The Forex Market

Forex is known to be the largest market in the financial marketplace. It has a turnover of four trillion every day. This is fifty times larger than the daily turnover of the stock exchange market. Because of this, most people are jumping into this market since they see the significant potential and attractive profit factor. The increasing popularity of forex is not a coincidence. It has numerous advantages which traders can enjoy if they trade in forex. The following are some of its benefits.


dollarsThe forex industry today presents huge liquidity to traders due to the significant volume. This implies that traders will not have any problems entering and exiting their trades. No matter the trading time, you will, therefore, have no problems with your transactions. This implies that you can trade with ease and you do not have to worry about inappropriate times of trade.

Low Transaction Cost

The forex market has a big pile of liquidity and a huge turnover. This influences the pricing of the cost for trading directly. A trader, however, will not need to pay any commission but instead pay a spread. This spread is something that brokers include within their transactions. The spreads charged are usually relatively low, and this depends on the bid. Some brokers offer variable spreads that are adjusted depending on the market while other offer fixed spreads.


The best advantage that traders get from the forex exchange is probably leverage. It can, however, be deadly if you misuse it. Leverage is very powerful for increasing your earning possibility, but it can also destroy you if you do not know how to use it. In the forex market, traders get leverage from 1:100 to 1:500. If the market drastically moves, it can be dangerous for traders who trade with high risks.

Twenty-four Hour

forex trading analysis

The forex market does typically not sleep especially the weekdays. They open from 5 pm eastern and run till Friday 5 pm eastern. Forex markets run throughout the entire time. The liquidity and capital moves throughout the times. They are only differentiated by the different openings times of financial institutions and banks all over the world.

Easy Analysis

Forex is traded in currency pairs. Traders, therefore, can focus on a given pair instead of monitoring all the news out there. For example, if a trader is trading the Euro-Dollar pair, they only have to focus on news related to this pair.

If you are a beginner in forex then always remember to trade with low leverage. As time goes, you can move up the risk factor if you can make consistent winning trades. These are some of the reasons why most people are trading in the forex market.…

foreign exchange

How to Get the Best Currency Exchange Rate

Traveling outside the country is an excellent idea if you know all the expenses. How you spend money on business travel is slightly lower than holiday travels. The way you spend money in your country varies from your expected destination. Things are different from the currency to the prices. The charges might be lower or higher depending on the currency. You should know how to get the best foreign currency exchange rates for your money before boarding your flight. Use the six tips below.


Learning has no end and research is the best way to discover unknown things. You have many sources to conduct your research. From your neighbor who is a frequent traveler to the internet. Nowadays everything is on the internet, Google anything and you will find an answer. When examining the foreign currency exchange rate for your destination explore all other aspects, you do not know. You might add knowledge to what you already know. Investigate the selling and buying rate thoroughly.

foreign currency exchange

Evaluate Your Debit Card Charges

If you own a debit card, find out the charges per expense. The spending rate, withdrawal rate, and transaction cost when you do not have to withdraw the cash. The fees will help you decide on what to use in the foreign country. If you spend, more when using the money directly switch to the debit card without having to withdraw cash. Use the best means you can to avoid paying more when exchanging foreign currency.

Carry a Prepaid Card with You

You may wonder why to carry all these stuff and yet it is a holiday trip. Always have a plan B so that you do not fall on the wrong side. Your homework will give you the correct details of the foreign exchange rate. If the buying rate is high, opt for your prepaid card. Load money in the prepaid card and use it to shop, pay bills, and artistic graphics.

Avoid Exchanging from Crowded Areas

currency exchange ratesIf you want to have a fair game, conduct all your exchanges from less visible areas. Identify the location of the local Forex bureaus. Areas like Post Offices and Banks will have a lower selling and buying rate than in Airports and tourist destinations. You will find a lot of stereotyping going on where foreigners are all over the place. The locals want to set a high buying rate and unrealistic price tags in the supermarkets. You will spend much money exchanging your dollar to the local currency in the Airport. Overspending might ruin your budget and fail to enjoy the entire holiday trip.

Ask Around when Shopping

When shopping in the alien country, carefully read the rates before buying any item. You can also ask the cashier for the data you need. Be friendly with the shopkeepers so that you get to know everything about the money.

You cannot become a GURU through simple reading without experience. Take chances and practice the new things in the world. Travel abroad when you have the tips on how to get the best foreign currency exchange rates for your money.…

singapore mall

Areas to Invest in Singapore

Singapore may not be big, but it has unique neighborhoods which you can invest in. MRT is one of the modes of transportation used in Singapore. Most of the islands in Singapore have access to the MRT. It is expensive to drive in Singapore; thus if you plan to invest in Singapore, then you should aim for areas which are close to MRT.


central Just like the name suggests, central is home to Singapore’s downtown. The real estate in this area is the most expensive in the entire country. The central area consists of little India, Marina Bay, China town, and Singapore’s central district.

It is also near the Orchard district. Most of the developers do not want to give up their real estate in the central area. For this reason, you will only get the property on a leasehold basis. You will get freehold property near Orchard than in the central business district. Most of the condominiums near the central business district are on leasehold.


Woodlands is located in the northern part of the island. The area is fast becoming a favorite investment property for middle-class locals. The area borders Singapore Strait which separates Singapore from Malaysia.

The area has some of the most defined parks. The northern parts of Singapore have many parks since it does not have a lot of high-rise buildings. If you love nature, then this is the place to choose. Also, you will also get the property at lower prices.


Serangoon is a district in the northeastern part of the city. The area is in a convenient location and is right between change airport and downtown. There are also several shopping malls near Sengaroon.

However, you have to be prepared to part with huge sums of money. The reason is that the cost of property in this area is expensive. You can quickly get to downtown when you are in Serangoon district.

Sentosa cove properties

singapore excitesThe Sentosa cove properties are surrounded by the sea. It is a reserve for the ultra-rich individuals. Most of the homes that you will get here have their swimming pools. The price of the property varies depending on the amenities.

Before buying property in Sentosa cove make sure that you check the occupancy rates. Most of the properties are sparsely occupied. It is advisable that you buy the property that is in a place with low vacancy rates. Watch the video below for more insights on where to invest in Singapore:


Advantages of Unsecured Loans

In the current economy that we have, there has a lot that has been said when it comes to the unsecured loan but what are some of the advantages? Even if any business is doing so well, they will need help sometimes. Like for new business they still need help to start or the already established business they need the assistance so that they will keep the doors open. Click on the highlighted link for the loans for bad credit.

Even if there are risks that will be involved with the borrowing of money, if you get the right planning and spend money responsibly, the risks will be so minimal. In this article, there have been several advantages of secured loans that are discussed.

No collateral required

collateral The person in need of the secured loan will be able to get the loan without having to give the collateral. You will not be asked to secure the debt with vehicles, property or any other asset.

Having to give the lender collateral can be risking if you won’t be able to pay back the loan. You might end up losing your home. But with the help of the secured loan, you don’t need the collateral so there won’t be any loss of property.

Loan is open-ended

Other loans will have the terms, and they will have a pre-determined end date, but that’s not the case with the unsecured loans. There are no approval guidelines that have to be met, as long as you have made the payments as agreed, then you will be able to avoid any default.

If you honor the terms to the end, then you will be able to access the funds whenever you need them. Borrowers will think that if the secured loans don’t have collateral that they will not be any default penalties, but if you default payment they have the right to correct their debt.

Financing is restricted

financing The unsecured loans you don’t have any limitations of how you will spend the money, as long as you spend for business expenses then the floor is yours to spend the money how you want it.

You just have to be sure that the way you are spending the unsecured loan it will be able to help you pay back the loan. So that you will not have to face the default payments and the embarrassment. Whatever the goal that you have the loan will be able to help you achieve exactly that.


Financial planners

Check These Qualities When Choosing the Best Credit Solution Providers

Guidance is one thing that most of us crave but get less of it. One of them being advice and hacks on the way to go, especially on money matters. It is never too late to start looking for the ideal solution providers. This is an area of your life that should be handled with great care and precision. After having ransacked all the sources you know, you are probably wondering what next.

If the creditors are on your neck, you probably need urgent bailiff help to understand your rights and the way forward. In this case, it is advisable to get the best experts in town. Here are some qualities that should be of help to you when looking for the best credit solution providers.

Years of experience

Financial planningThe credit topic is nothing to laugh or crack jokes about. Instead, it is something you should look deep into. Your associates must be well versed in all things that have to do with credit. You can be sure of this quality when they have been in operation for years on end. As soon as this quality is in place, you can rest assured that all other areas will fall neatly into place.

Licensed and certified

Working with a company or individual that is certified is as bad as handling an account t that is jumbled up. You have to be sure that the people you are working with are in good books with the law. Failure to which will lead to an even bigger mess than the one you are trying to solve.

Before you begin discussing any serious matters, you can start by asking your credit solution providers about how legit they are. You may want to keep your distance if they are hesitant about fulfilling your request.


Excellent credit solution providers must always understand that not all clients will catch up at the same speed. This is where the quality of patience comes in handy. Troubled clients love it when they can rely on someone with the patience to listen.

Afterwards, they have to come up with a viable solution to curb the tension. Patience also comes up when a certain procedure takes longer than expected. It is not the time to start throwing up feats and making the situation worse.

Excellent networking skills

This is also same as having the skills to air out your credit issues in the most discreet manner. They will know exactly what to do about your case simply by looking into all the right contacts. As we saw earlier, the credits topic is not something to joke about. It is for this reason that all the right parties must handle your case. This way, the solution will find its way to you on a hot plate.

Maturity and soberness

PlannersWhat is meant by maturity is the ability to utter the right words at the right time. Also, taking acceptable measures when handling your credits situation is a plus. It can be quite a circus when dealing with the wrong team. Once you land on a capable and mature pair of hands, you are assured of nothing but a peaceful sail.

All the answers you seek regarding your credit matters will be conveniently answered only when your financial solution providers are sober and mature. Impossible as this quality might be to find, it is very vital.…

how to change money spending habits

Breaking Bad Spending Habits in the New Year

Mastering your money habits in the new year can leave with a substantial change in your bank account balance. There is no magic bullet of knowing your money habits and being their master. People are unique. Our cravings too vary like that. Therefore, you must understand a few things about yourself and the way you spend money for you to make changes and become a star at managing your money in the new year. Read on and understand ways of breaking bad spending habits in the new year.

Understand the psychology of money

spending habitsThe money you spend will pain you when you see it going away. Thus, spending cash will feel more painful than charging your card, or using mobile payment solutions. When you want a tight grip on your money, you go with cash spending. There is a reason why casinos give people chips to play. They know spending cash will feel painful, so they convert it to something that you do not associate with money.

Another psychological tip about money is that you can only work on what you track. You must know where your money is going. For some people, use of credit cards comes in handy because they have the accountability report. They will know where their money went. Unfortunately, that takes a while before you see the report.

Remove the automatic checkout options online

When you first check out online, most retailers will ask you to allow them to retain your card details. After that, you will check out almost automatically in future purchases. You will only confirm a charge on a particular card, and whoa, the transaction ends. Thus, you can make a major mess to your financing in a fraction of a second. You need to force yourself to input the details all the time so that you can at least think about the money that will be coming out of your bank account.

Read also: Savvy Ways to Save Money Today

Use website blocking software

Make sure you have software to block shopping sites so that they remind you that you did not want to go shopping. You have to list everything you want to buy and then buy it at a later day. That is the best way to be in control of your money. You must always work on the things that matter now, with a planned approach. Money matters and you need a planned approach to tackling it.bad spending habits

Use wish lists

Have a list of things you want but do not buy them immediately. Set the cash aside for them. You can keep it aside physically or open a new bank account where you send expenditure money every time. When your expenditure account’s balance is zero, you stop spending and work towards adding money to the account. You must embrace the rule of only buying what is on your list, at least thirty days after you write it. The thirty days will be for you to evaluate your desire and see whether you need the item or you just had impulse instincts.…

sources of business capital

Ways to Fund Your Small Business

While you will see advertisements and press releases all over putting the message forward that banks are committed towards lending money to business start-ups and boasting on the amount of loans that they have given to small business entities, the truth of the matter is that these same banks do not like giving credit facilities to small businesses and actually if you carry out further research you will realize that they do not give out this loans as much as they say.

Thus if you want some financing for your business, you will need to have a lot of collateral plus a good credit record, this will allow you to get a personal loan. But it is very hard to get a business loan if it is not tied to something like your mortgage. So what options are you left with to finance your business? Below we highlight some of the ways through which you can finance your small capital


You will realize that majority of entrepreneurs will fund their businesses by themselves. One will use his/her savings or undertake a personal debt so that they can fund their business. Alternatively, if you are really into funding your business and you see that it has a prospect of bringing returns you can sell off some of your assets and put the money generated into your business, with the hope that it will generate profits.

Family and friends

The other way that you can raise funds to finance your small business is engaging family and friends. They can give you funding by either providing debt funding or equity funding. Even though this is a good way that you can finance your business, it is important to be careful about such engagements. If the business does not go as projected, there is a risk of ruined friendship. Thus you should ensure that that the friends and family know the risk that is involved before they commit their funds.


Another way that you can fund your business is bringing on board a business partner. You can either incorporate them as employees or not. It is important that you get a strategic partner as they can easily align their resources with your business goals.


crowdfunding for startup capitalOne of the most effective ways of financing your business which has gained popularity in the recent past is crowdfunding. This is where you will put your business idea on the web, and hope that quite a good number of people buy into the idea so that they can donate to you so that you fund your business. Look at the most popular crowdfunding portals, post your idea and formulate your funding campaign and it is likely that you will receive funds from potential investors to finance your business.

Venture capital

You can also source funding from such firms. These are the type of firms that are willing to invest in business during the early stages but are still looking for large investments that they can take a large and significant share of that particular company. They are often looking for a controlling interest.

Some of the other ways that you can finance your business include: seeking for angel investors, cloud funding, or even taking up a loan.…