Financial Economic Crisis

Did you know there are many ways of beating this financial economic crisis? Yes thats right, you can take control of this crisis by creating different ways to earn your money. There is a little catch to making things work toward your advantage. Do you remember the old saying "it takes money to make money." That saying is true, especially in today's economy.

Let's say that you always wanted to know how to build websites for people but you didn't know where to begin. You don't have to go to school to get that degree in building websites. Although it is a good idea, but that costs more than what you want to spend, so here's a suggestion. After getting your first check, you will need to go to Barnes & Noble bookstores and check out their line of program language books. You also want to get some books on program language editor books because there are some languages that require you to have special editors. If you don't, you won't be able to use those certain program languages. You will also want to get books that usually are simple teaching editorials, such as the Sam's teach yourself book line. Now some of these books will even come with some of these language programs in the books. Some of them even supply you with some of the server languages. For example you have the php editor, then you have Mysql with Cpanel, and then you also have Apache server software.

Such as: PHP uses an editor called zend studio, oh one more thing, you will want to try to get the newest version of the language possible because for example if you try to use php4, that version is no longer supported by PHP or zend, the latest version of PHP is php5_5_10.

There are many different styles of languages, as mentioned above there is the php language, then you have html, shtml, dhtml, xhtml, xml, colbalt (almost non-existent anymore), Javascript, Java, etc.

Then you have server languages such as Joomla, Ubuntu, Ajax, Magneto, Apache, etc.

As stated, you don't have to go to college to be able to build those websites that the professionals are building, just go to a local bookstore and buy some of the easier to learn books and start teaching yourself how to build websites, there are even online tutorials that can help you in getting started. Just go into www.Google.com and do a specified search of "learning how to build websites" and you should come up with the search results like I have here: "349,000,000 for "learning how to build websites" (0.30 seconds).

Once you get the mentioned materials, go home and get started with your reading and practicing. It may be frustrating at first, but as they say: practice makes perfect. The more you practice the more perfect you become. I know I had to practice a lot and now I can build websites with the best of them. I started to go to college but they don't teach what I am wanting to learn. And so I am always teaching myself a new language all the time.

Computers are changing the world, they are a great asset when you need something fast. Twenty years ago computers were huge boxes that sat on our desks, now you can have a computer that is as small as your phone, and they will get even smaller as the years come and go by us. I predict that by the year 2015 we will have computers that will be the size of a watch, just think, the CPU's in our computers are getting smaller, why not our computers also?

Financial Freedom in Credit Crisis

1. Your own business

Only one person can take care of you and your loved ones the way you want them to...and that is you! It is time to step up to the plate and swing. Your employers are doing the best that they can for you and your families so that they can take care of theirs but the latter is their priority and this is rightly so.

Our countries are also doing their best to take care of us but it is a complex situation and their responsibilities are to the majority not to the individual. The path to recovery is long and there is no reason to wait upon them. Crisis has been said to be opportunity riding on a dangerous wind. Money is not disappearing off our planet, money is not being "lost".

Lots of people know exactly where it is going, who it is going to and how to put their hand in the huge funnel of money that is simply moving around from who had to who is going to have it at the end of the day. In your own business when you take charge in proven, informed ways you can stick your hand into the funnel of channeled wealth and grab a significant share for you and your loved ones.

Get educated find the tools to take advantage of this opportunity. More millionaires were made in a shorter time with greater wealth than any other time in history straight after the Great Depression. Working in your job is great. A job is an important tangible asset in these times of uncertainty.

But who is in charge? Who is ultimately taking care of you and how long can that be relied upon. Getting into your own business has never in our history been easier than it is today. I am obviously not talking about traditional business. Technology, the internet in particular is offering fast widespread transition of knowledge.

Knowledge = Power = Opportunity = Choice. So there is no ceiling on the amount of internet money that can be made. Millions of people are looking for knowledge, the edge the path to security. A select few already have that knowledge and a lot of their knowledge can be obtained off of the internet. Not only can this knowledge be obtained, but these entrepreneurs make money when you make money applying what they teach in your own internet money/online business.

It doesn't mean quitting your job or huge investments of time or money in risky ventures that put you more at risk, but if you are reading this than you already have everything you need to create your own additional income streams in your own business. Additional income, from your own home, in your control, with proven strategies in a global marketplace = your own business and security and future in your own hands.

So what is your own business? What can it be? Anything that can be transferred (knowledge, skill, product, services, money itself) from one entity to another and money changing hands as a result.

2. Think Global

Local markets are going up and down. International markets are going up and down. Stocks and shares are going up and down. Every time there is a shift in these directions there is money to be made. There are literally thousands of people; the huge majority of current share holders are completely unaware of their own opportunities. Can you imagine that? While the biggest markets in the world have been crashing, the vast majority of people who own shares in it didn't know they could make just as much money as if the market was rising.

Oil rose 1000% then dropped 75% all money markets are halved nearly all commodities also 50% down, it doesn't actually matter the direction fro some those % were % of profit. $500 Trillion dollars changed hands in 2008 alone. The money went somewhere, where were you?

Share trading, options trading, forex trading can be your own business. Is it risky like you've heard? Not as risky as traditional business or being a sitting duck. There are some scams out there that propose guaranteed trading dollars; there are no guarantees in the stock market just clear probabilities in the face of particular information. There are solid reputable world wide businesses that can teach you to be a very acute trader. You can't afford to leave your money in the hands of fund managers in this market; many are under performing the market.But you can take better care of your own money than anyone else. Find traders that will not just manage your funds but educate you on how to take care of your own. Knowledge is power and the opportunities to apply that knowledge are huge in this massive time of wealth changing hands. Every time the U.S. dollar changes against any other currency massive % of cash can be made, and that's happening a lot in this crisis.

The global market can put money in your pocket whichever way it turns. The opportunity to be had in becoming your own Trading business, with knowledge of strategy can create an income stream that can add to your financial security. Do the research; find the people the opportunities are real and can make the difference to you security if your hand is in the funnel.

3. Multiple Income Streams.

How many arrows do you have in your quiver? How many legs under your security table?

If we are hunting the Beast of Opportunity and we are not certain of what we are looking for or when it will pop up how many tools and weapons and traps do you think would be useful to have in your utility belt? Yes! The more the merrier!

When so much information is a couple of clicks away and giant businesses can be forged, why would you stop at just share trading? Internet money is available in many forms. As stated elsewhere internet products can be shipped as text, audio and video.

What do you know that could be useful to others? What is the passion that you enjoy that may be shared by others? Creating a simple e-book or article could easily create a whole new Global income stream. Do you think that in the millions upon millions of people that surf the net that their might be another 100 or even 1000 or maybe 10,000 that could be interested in your angle in what you have to offer?

What light are you hiding under your bushel? It doesn't have to be earth shattering or changing, even a small percentage of the internet market can add an arrow to your quiver that could mean added security. People have made money off of "dog food recipes", or "how to get a nail out" large or small the idea you have something to contribute to the world and contribution of knowledge can lead to cash in the bank.

You can even just market other peoples stuff from your computer and still make money if you think you have nothing to contribute personally. There is a lot of internet money to be made again just through affiliate programs and applying butterfly marketing.

Real estate is in a major slump or are good properties going at bargain prices? Will people ever want to live in these houses? Where do you think the smart money is going? This doesn't mean I want you to become a real estate agent. What if you traded in the right directions from your trading business, what if your ideas or e-book was worth a lot of ongoing cash, what if you marketed good quality products and affiliate programs?

Would you stick the new revenue straight into the collapsing banks? Or just maybe you'd go bargain hunting... Once you've bought property or maybe you already own, could money be drawn down and put back into your other businesses to make them generate more profit which could mean buying more property which would mean more money in the businesses.....just a thought.

This is called getting leverage. A lot of people draw money at of their houses to buy cars or boats but don't stop to think that this could lead to any kind of investing. People do essentially the same with their shares like buying an investment property but not renting it out. Shares can be rented it's called covered call writing.

By having multiple businesses and multiple income streams not only can they support you but they can support each other. If one is not performing so well; the others can buck it up. This will take a lot of stress out of the whole game for you.

When you've only got one stream how much do you have to worry about what happens, when you've multiple opportunities would that alleviate some stress? It may sound big or small to you but what it certainly isn't is hard nor is it brain surgery or rocket science.

It's only information you need to be a multiple business owner, not huge amounts of cash or extra time. If you're reading this and I know you are, then you probably have all the resources and skills you need right now at your finger tips to be financially free in this "credit crisis"

Ways to Organize Your Business Finances

Whether you are a new entrepreneur or a more experienced business owner, taking control of your finances can feel like a part-time job. Some simple tips can help you streamline your time, organize your finances and reduce the stress of business money matters.

1. Keep Your Bills in One Place

When the mail comes, make sure it goes in one place. Misplaced bills can be the cause of unwanted late fees and can damage your credit rating. Whether it's a drawer, a box, or a file, be consistent. Size is also important. If you get a lot of mail, use an area that won't get filled up too quickly.

2. Pay Your Bills on Schedule

Bill paying can be simplified if it's done at scheduled times during the month. Depending on how many bills you receive, you can establish set times each month when none of your bills will be late. If you're paying bills as you receive them, chances are you're spending too much time in front of the checkbook. Although bills may state "Payable Upon Receipt", there's always a grace period. Call the creditor to find out when they need to receive payment before the bill is considered late.

3. Read Your Credit Card Statements

Most people take advantage of low interest credit card offers but never read their statements when paying the bill. Credit cards are notorious for using low interest as bait for new customers then switching to higher rates after a few months. Make a habit of looking at your statement carefully to see what interest rate you are paying each month and if any transaction fees have been applied. If the rate increases or a transaction fee appears on your statement, a simple call to the credit card company can oftentimes be beneficial in resolving the matter. If not, try to switch your money to a more favorable rate.

4. Take Advantage of Automatic Payments

Most banks offer a way to automatically deduct money from your account to pay creditors. In addition, the creditors usually offer a lower interest rate when you sign up for this payment option because they get their money faster and on-time. Consider it as one fewer check to write, envelope to lick and stamp to buy. Just make sure you record the deduction when the automatic payment is scheduled or you run the risk of bouncing other checks.

5. Computerize Your Checkbook

Using a software program is a handy way to organize your finances. Whether it's Quicken(r), Microsoft Money(r) or another package, these easy-to-use programs make bill paying and bank reconciliation a cinch. Computer checks can be ordered almost anywhere and fit right into most printers. Once the checks are printed, all of the information is automatically recorded in your electronic checkbook. Furthermore, many banks have direct downloads into these software packages so when money is deposited or withdrawn, the transaction is entered immediately onto your computer. And, when it comes time to do taxes, it couldn't be easier.

6. Get Overdraft Protection

Most banks have a service where, if you run the risk of bouncing a check, the money will come from another source. For a nominal fee, the bank will link your checking account to either a savings, money market, or credit card so the embarrassment of bouncing a check will be avoided. Call or visit your bank to learn about this convenient feature.

7. Cancel Unused Accounts

Whether it's a credit card or bank account, write a letter requesting that the account is formally closed. Not only will this improve your credit score, it is a useful way to avoid money from being scattered all over the place. Don't let department stores and credit card companies lure you into opening new accounts by offering favorable interest rates and purchase discounts. It's easy for credit to get out of hand by taking advantage of every credit offer that comes your way.

8. Consolidate Your Accounts

If you have several credit card accounts with outstanding balances, try to consolidate them into one. Be careful and check the balance transfer interest rates and one-time fees. Also, make a list of all your open Money Markets, Savings, CDs, IRAs, Mutual Funds, and other accounts to see if any consolidation can be done. Keeping your money in fewer places eliminates all of the guesswork involved and reduces errors.

9. Establish Automatic Savings

Create a link from your checking account into a savings account that will not be touched. This can usually be done through the banks and automatic amounts will be transferred over each month. Most people will not put money into a savings account on a regular basis. They may wait until a large tax refund check arrives or some other event to actually deposit money into savings, retirement or other accounts. If you establish an automatic savings deposit every month, your accounts will begin accumulating money faster than you think.

10. Clean up Your Files

Make sure your paid bills are organized in a filing cabinet. Keep individual files for paid bills. Go through your files at the end of each year and throw out bills and receipts no longer needed for auditing purposes. Contact your local IRS office to see how long records need to be kept for audits. Usually federal tax return audits can be done three years back but cancelled checks may need to be kept for seven. Consult the Internet for auditing and records-keeping procedures for your state or region.

Structured Finance

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Structured finance is a very broad term, which is used to refer to a sector of finance, which was developed to help in transferring risk with the help of complex legal, as well as corporate entities. Such a risk transfer as useful in securitization of different financial assets, such as credit card receivables, mortgages and auto loans, has helped in opening up new avenues of financing for consumers. However, this has also been believed to contribute to the degradation of the underwriting standards of such financial assets. This helped in the rise to the credit bubble, as well as the credit crash experienced a few years ago.

As it is, securitization is a method which is employed by the participants of structured finance, in order to set up the pools of assets, which are used for the creation of end product financial instruments.

An important concept in terms of structured finance is that of tranching. It is a system, which is used for creating different investment categories for securities, which are created in the arena of structured finance. It helps the cash flow from underlying asset to get diverted to several investor groups. A major objective of the process of tranching is to set up at least a single category of securities with rating higher than an average rating of underlying collateral pool or for creating rated securities from a group of unrated assets. Now, this is done with the usage of credit support, like prioritization of payments in regard to various tranches.

As it is, credit enhancement is a key for creation of a security, which has an elevated rating than an issuing company. Credit enhancement might be created through issuance of subordinate bonds. These bonds are allocated the losses from the collateral prior to losses being allocated to Senior Bonds, thereby giving the senior bonds credit enhancement. Also, several deals, particularly, deals, which involve riskier collateral like subprime collateral, use overcollateralization along with subordination.

In case of over collaterization, the balance of loans is higher than balance of the Bonds, thereby creating extra interest in the deal. The extra interest might be used for offsetting collateral losses before the losses have been allocated to the bondholders thereby providing an additional credit enhancement. As it is, another credit enhancement includes the usage of derivatives like corridors, swap and caps. Apart from that, ratings too play a very important role in case of structured finance.

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Equity Markets

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There's been a remarkable surge in speculative trading for equities. We've never observed such a big swing in such a short time. The losers? The big Prime brokers. This may partially explain why Goldman Sachs has resumed its hedge-fund tactics, basically leveraging free money from the government to drive principal-trading profits from fixed-income, currency and commodity instruments.

There's a lot of that behavior in equity trading, too. It reminds us of the children's story called "The Emperor's Clothes," where two tailors arrive at the court to make beautiful clothes for the king. They set up a loom and take measurements, and seem to work hard, occasionally asking the king to attend fittings. But there are no clothes. No one will admit it, however, until a small boy says, "What's everybody looking at? The king is naked."

The markets are like that, too. There's no substance to April appreciation. It's traders reacting to each other's behavior, with no one willing to admit The Emperor's Clothes. We don't say this to discourage you, but to help you stay realistic and retain your air of coolness in the IR chair. At some point, this house of cards will come apart again. Markets cannot stay firm for long upon things that lack no value.

One other note: We've seen growth lately on European structured-products desks like Calyon, Newedge, Societe General and SG Americas. These are essentially the same facilities, since Calyon and Newedge are joint-venture platforms between French banks Credit Agricole and Societe General.

What's behind it? They've clearly won business formerly held by American firms. SG is a potent seller of products designed to help big investors like sovereign wealth funds move money nimbly across global markets at minimal risk, using mathematics. On occasion, the data go crazy and structured products get shellacked. Right now, though, they're working. So we think aggressive European, Asian, and Mideast money has chased equity momentum through these facilities.

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Financial Credit Crunch

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The credit crunch and recession has hit the country with a massive impact within the last 6 months and most people have been affected by this, whether it's a shortfall of finances, house repossessions, missed payments or a cut back to lifestyles. If you are looking for loans and credit cards you will have found that many lenders refuse where they would normally accept applications due to the risk and scare that has been spread across the UK.

Even though borrowers have access to credit their policies and standards are tightening which has an adverse affect to you and me. If you have money in savings accounts and in company shares you will undoubtedly have noticed a massive difference since the credit crisis struck, but the biggest difference comes in house prices because right across the UK house prices have fallen by a dramatic amount and if you are in the process of selling then you could be losing anything from £5,000 to £30,000.

Large organisations and smaller business have also suffered and many of these have had to cut staff and even closed their doors because times have got that hard for the owners that they cannot afford to keep staff and companies going. There has been a significant knock on effect from company to company and even though governments are looking for a way out things haven't got much better just yet.

However with all this going on it is still possible to be accepted for secured loans, personal loans and credit cards, and during these periods of financial complications you must keep looking on the bright side and make the best of what you have.

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Tips to Clear Debt

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Clear debt and debt reduction advice is available from many places. In the current economic climate, it seems as though everyone is suffering with financial problems, and so the information is more readily available than ever before.

What can you do today to help clear your debts?

1 Budgeting - By accounting for every penny and pound, you'll know exactly where your money is going. Don't forget to budget for essentials such food, clothes, fuel and items your children might need.

2 Reduce Spending - Once you've written your budget you will be able to see where you can make savings. Do you really need to get your newspapers delivered? Could using public transport be cheaper than using the car and paying for the car park? What about walking or cycling those shorter distances?

3 Credit and Store Cards - Don't use credit and store card except in an emergency. By not carrying them with you, you won't be tempted to use them, and get further into debt. Also, the interest rate for getting cash out is usually much higher than the standard interest rate for the store or credit card.

4 Economise - Look at cutting down on the luxury goods and non-essentials that you buy each month. Instead of going to the cinema every week, why not go once a month, or watch some of your own DVDs for a change. Perhaps a quiet night in at the weekend will be much cheaper than a night at the pub, or on the town.

5 In the Supermarket - By dropping a brand, or choosing own-brand products, you can save a considerable amount of money. You will then be able to afford the products that you absolutely can't economise on, without feeling too guilty.

6 Debt Problems - If you are having problems paying off your debts, contact your creditors straight away, and they may be able to help you. The longer you leave it, or the more payments you miss, the worse it will be for you. If you need help sorting out your finances, you should seek help, before it is too late.

7 Credit Card Balance - By paying the balance off your store or credit card balance monthly, or paying more than just the minimum amount, this will help to reduce the length of time it takes to pay off the debt, and reduce the amount of interest paid too.

8 Unfair Credit Agreements - Under the 1974 Consumer Credit Agreement, any sort of finance agreement must be drawn up properly, otherwise it is not legally binding, and the consumer doesn't have to pay off the amount of credit owed. It has come to light that many credit agreements have not been drawn up properly and so are unfair, and unenforceable. If you have any loans, vehicle finance or credit and store cards, you may want to have your credit agreements investigated.

9 Unfair Bank Charges - There has been much media attention to Unfair Bank Charges. These are the amounts charged for being overdrawn or for a bounced cheque and so on. In a similar way to Unenforceable Credit Agreements, Unfair Bank Charges can also be reclaimed.

10 Payment Protection Insurance - Payment Protection Insurance may have been sold to you as part of a credit agreement. Many of these insurance policies have been mis-sold, and so you could get your payments back.

Now you know how you can clear debt with a bit of forward planning, and careful budgeting, isn't it time you reduced your debts?

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Manage Debt Control

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After being buried into a mountain of debts for too long, one is left wondering whether its possible to control and get lid of all those financial problems. Well, the answer is yes if you are determined to have the following precautions and strictly stick to them. Its important to seek advice from non profit organizations to have enough knowledge on how to avoid financial crises. Admitting your problems is like seeking cure for a certain disease hence, feel encouraged and listen to the advice.

If in any case you are in bad debts, try to get a non profit consolidation bill to assist you pay your bills fast. A consolidation bill does not lend any money but instead, they negotiate with the creditors and ask them to lower or eliminate their interest rate hence making it easier for you pay without any interest rates. You will only have make one monthly payment and the debt manager will distribute the money to all the creditors.

You should start a budget plan and stick to it all the time. Its also good to start a savings account and save enough money to cater for any emergencies that you may incur. Sell all the expenditures that are not being used in your premises and use the money to pay off the bills or add to the account.

Ignore all credit card offers sent to you through mails to avoid temptations. Once you have paid your credit cards, cut them off and start a pay-cash plan. However, whenever you make a step forward, treat yourself for the great achievement you have acquired.

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Rules For Debt Relief

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The traditional rules of debt have not applied the last several years and now debt relief is a big issue for many people. In some case to get debt relief you have to qualify. These are not strict and are flexible in some cases, but they are guidelines. Read further to find out what they are.

Since there are so many debt relief companies emerging to help these days the competition for you business might make them bend the rules a bit. Most adhere to some basic guideline as follows.

1. Amount - the common minimum amount owed is $10,000.00 unsecured debt.
2. Debt to Income Ratio - the common number we see here is 25%. Again, taking you unsecured debts minimum payment against your gross pay.
3. Future Income - no foreseeable income increases that would allow you to repay your debt.

With the debt situation in such a mess not only in the U.S. but world wide you would suspect these guidelines will be pushed aside. Lenders are happy to recover anything these days and a settlement of some kind is better than nothing. There is no telling how long this debt crisis will last, but that doesn't mean you should ignore it. What's not predictable is how the laws may change against the average debt holder.

This is even more reason that you should explore your options if debt is a problem for you. If a settlement through a debt relief program can put you back on track in 2-3 years it's best to lock it in and do the time. This time passes fast and then you are done with it. If your debt is under $10,000.00 don't give up. We do see a few companies who will handle the smaller amounts, but $10,000.00 seems to be the bottom number for most.

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