We all know that the glitter of gold can be too hard to resists sometimes. This is why investing in gold has become one of the most profitable transactions that you can make these days. When it comes to choosing the right gold products you surely have where to pick from: 1 kilo gold bar, gold coins, gold bullion, one ounce gold bars, gold funds and so on. The variety of gold investments is daunting, therefore making a choice can become a rather difficult task.
Gold is and has been the preferred investment for Indians especially because the potential price increase and because it is considered a hedge against inflation. Studies show that when the inflation rises with 10 percent, for example, then the process for gold will rise for 30%.
Throughout generations, gold has been one of the most trusted investment vehicles. Taking into consideration that the gold production on a worldwide scale is far below than the demand, gold prices are likely to go up in the months to come. Gold has proved itself to be the only medium of exchange that is absolutely free of credit risk. This is why the trend among investors is to invest at least part of their savings in the precious metal.
Buying gold however, can take numerous forms. One of the most popular ways of investing in gold in India is definitely jewellery. For Indians, owning gold jewellery is a sign of wealth and it gives them the advantage of owning physical gold and also being able to use it for fashion purposes at the same time. Of course, there is a downside to this also: the loss of value due to impurities, the high charges and exchange rates when and if they decide to sell them.
Another gold investment product, which has become quite popular is represented by the gold bar. This is the oldest form of gold preservation and the advantage of this product is that it can be found in various sizes: one ounce gold bar, 1 kilo gold bar, 20 grams gold bar and so on. This gold product offers the satisfaction of holding gold and knowing that you can buy or sell it online at any time. When you own physical gold bars then you need to deposit it in a vault and take out insurance in order to protect your investment.
India, as well as other important economic powers of the world, such as China, have started to invest heavily in gold. Therefore, when you want to make sure that you protect your investments then you have to start doing the same thing.
In India, there are basically two types of banks-public and private. It is true that public banks come with their own share of merits. For instance, there are higher openings in public banks and the job is much more secure. The process of recruitment is also simple and not much challenging. Plus, it certainly gives the backward community a chance to gain recognition and status. However, private banking jobs come with their own set of advantages. More and more people these days are looking for jobs in a private bank. This is truer for the urban class and the educated community who are showing preference to jobs in private sector over jobs in public sector.
Here are some of the basic advantages that a private bank offers:
Better salary: The modern man is running after money. And its an undeniable fact that a private bank offers its employees a much better salary than a public bank. This is the chief reason why more and more people are hunting for jobs in private banks. In contrast, even though public banks give higher security, the salary is much lower. On the downside, there are very few vacancies in private banks. So, once you get a chance to sit for an exam or appear for an interview, you need to grab the opportunity with both hands and make sure that you are thoroughly prepared. Remember that more than your qualification, it is your confidence level and personality that matters.
Higher growth prospect: One of the chief complaints of people working in public banks is that they do not climb the ladder very fast. The growth prospect in a public bank is comparatively lower. On the other hand, in a private bank, a talented candidate can quickly make higher progress. Talent surely gets rewarded when you are working in a private bank. Higher wages and better positions await you there.
Fair treatment to all: Private banking jobs also do not suffer from the problem of quota system. Fair treatment and equal opportunity are proffered to every candidate. Thus, talent scores over caste distinction and this is where better candidates do not have to return disappointed.
There is always a demand for the banking job or investment-banking job. The reason is that investment banking is the most money making job. However, it takes time plus dedication to succeed. You must start with the entry-level job in banks.
Outline of the banking job positions:
Investment banking job is not the only banking position and there are various types in banking jobs. A bank teller occupies 67% of the banking positions. Understanding the job responsibility is the first step to succeed. Other job positions in the banks are:
Bank manager: The manager is the main person who operates the entire working of the bank. You as a manager must supervise the banks daily operations and must find out whether the employees are working as scheduled.
Financial advisors: As a financial advisor, you must recommend and give suggestions to the clients. This job is so important bearing great responsibility.
Accountants: If you have a good skill in accounts and if you are well qualified, you can go for this position. This job position is very important because the work performed by an accountant or by a group of accountants will be showed to the tax authorities, investors etc to fix the financial status of the bank.
Tips for success in banking job:
Banking career is one of the most anticipating fields. To succeed in this sector you must remember few factors as indicated below:
You must always be aware of the latest happenings in the business world. If you are aware of it then you will be able to increase revenue for your clients and bank. You are responsible to make sure that your customers are making a smart investment.
Fixing the fees:
As you are an investment banker, you must do some enquiry before deciding your fee. You must be sure that you get a good amount when compared with what you have invested in first place.
Networking in banks:
Like other fields, banking career also has become linked with networking. To recognize the related professionals, to attend the meetings or gatherings, anything is possible through networking.
Dedication towards your profession:
Without dedication, you cannot succeed in any fields. This is true particularly in banking jobs. You must devote all your time towards the bank service and to your clients. If you are working for investment banking, you possess additional responsibility because people enquire you about the means to spend their money.
Although many are not familiar with the term financial infidelity, it has increasingly become a problem in many households across America. So what exactly is financial infidelity? Financial Infidelity occurs when one person in a committed relationship spends or hides money without disclosing it to their partner.
Like sexual infidelity, financial infidelity can destroy one’s marriage. Money problems are known to be one of the leading contributors to divorce. Financial infidelity happens to be at the top of the list of money problems that lead to divorce. Shockingly, Jennifer Brand, a family law specialist in Philadelphia, stated -I see more cases of divorce caused by financial infidelity than I do from sexual infidelity.-
So how many people out there are actually lying to their spouses about money? The numbers are surprisingly high. In a recent survey conducted by Harris Interactive, the following results were revealed:
Approximately 1 out of 3 people admit to lying to their partners about finances
One in Four people state that their partners have withheld financial information
Three out of Four people surveyed stated that they fight at least occasionally about money
One in Four adults believe that financial infidelity is worse than sexual infidelity
96% of the group surveyed reported that it is both partners’ responsibility to be completely honest about financial issues.
The results indicate that financial infidelity is a serious problem. As one can imagine, any form of dishonesty in a relationship can lead to serious trust issues. Those trust issues can ultimately break down the emotional connection needed to make a relationship last. The reality is that the effects of financial infidelity on a relationship are no different and oftentimes worse than sexual infidelity. If you are having a problem with being completely honest around your finances with your partner or are having problems getting over financial infidelity in your relationship, you should consider working with a financial therapist.
Nikiya Spence is a licensed psychotherapist, certified money coach, and speaker. Nikiya specializes in helping individuals and couples transform their relationship with money. Visit her website at www.solutionsoflife.com or call 770-638-7145 for a free 30-minute no obligation consultation.
An entrepreneur does many wonderful things. In fact, many people are amazed with how the entrepreneur’s mind works. But for some who have not taken the plunge, there is some wonderment….some real curiosity….and for some of us, even some questions about successful entrepreneurs morals and integrity….But for most onlookers there are two important questions to ask. How does an entrepreneur become successful? And most importantly, do you want to be a successful entrepreneur too?
First of all, an effective entrepreneur should have great ideas. And then you need to test those ideas…You have to research to be able to make an informed judgement about whether your business idea is feasible. It really is critical to do this investigation, and in many cases its not necessarily a tedious task…Once you have gathered all the needed information, you can decide whether to pursue the business idea now, or simply file it and do it in the future.
The projects undertaken by successful entrepreneurs are normally done in a very careful manner. Research about Demand is a very important aspect to help determine business feasibility. Saturated and established markets can be a big no for entrepreneurs because their aim is to earn more money. Entering a saturated market can be suicidal (unless you have a very unique selling proposition), because of the extreme competition.
If you want to become a successful entrepreneur, you have to work on some concepts such as ROI or return on investment, compounding capital, economy of scale, speed of business returns, and many others. You can’t work your way to success if you dont know these concepts. So you have to study and continue your learning. If you have the opportunity to study a business related course, do so. Gaining knowledge, skill and education, can only help you to succeed in the business world.
According to many expert entrepreneurs, education is not enough. As an entrepreneur, you must have the right attitude and qualities. Now what are these attitudes and qualities? Firstly, you have to be hard working. You have to be willing to work many hours of the day or night especially if you’re a beginner. Almost eighty percent of your time will be allotted for encouraging customers or subscribers. In the case of an internet business, you have to attract a lot of traffic to your site otherwise, your business will fail.
Secondly, you need to be a risk taker. Most entrepreneurs are not afraid to take risks. This does not mean that entrepreneurs enter the market with their eyes closed hoping for success. Entrepreneurs are willing to take risks especially if after a careful study they can see high chances of success. Not many individuals are willing to take risks because they are afraid to fail. But you see, an entrepreneur learns a lot from past failures. It’s all part of life and so you should not be scared. Its also important to be organized.
Home loan modification is a term used to determine a process that you can go through whenever you are burdened with paying off your mortgage. This process is used by a lot of people, because it allows them to modify the terms of their mortgage, making it favorable for both the lender and debtor.
Believe it or not, there are millions of property owners who are having problems when dealing with their mortgage. Some people even resort to filing bankruptcy, which should only be used when all available methods have failed. Home loan modification is rapidly becoming popular among mortgage holders, because it helps them ease the terms of their mortgage without damaging their reputation as debtors.
Applying for a home loan modification has a lot of benefits like reducing the interest rates that are being charged to you monthly, reducing your principal balance, you can also change the terms from adjustable mortgage to a fixed mortgage rate, and you can ultimately increase the duration of your loan.
If you are going to ask a bank, they will never advise you to apply for a home loan modification due to obvious reasons – they will earn a lot less if you are paying under a modified term compared to paying for your original mortgage terms. This is also the reason why there are a lot of mortgage holders who are not familiar with this method.
A typical modified loan takes 30-90 days to complete and make sure that you are paying all obligations during that time. This will slightly increase your chances of getting the loan modification approved. You also need to keep all the documents and statements that you have received from your lender because these documents are often required when applying for a modified loan.
If you are looking for a company that will help you apply for a mortgage modification, then you can start searching the Internet. There are a lot of companies who are willing to help people like you to ease the burdens of their mortgages. Just make sure that you pick the right company. Always look for the testimonials and feedback from past clients to determine whether a particular company is really capable of helping you with your mortgage.
For detailed facts and essential tips about how you can be approved for a loan modification, visit this simple, easy to understand loan modification guide and resource:
Imagine that you have just entered your favorite coffee shop. You can already smell your usual, and you can’t wait to taste it. But, as you look around the room, you notice that the place is so crowded that you can’t have a table to yourself. You’re going to have to share with someone else, just as many other people seem to be doing already.
Now imagine that you’ve collected your coffee and have sat down at a table with someone who you’ve never seen before and haven’t met. After exchanging the usual pleasantries about the weather and how full the place seems to be, you discover that this person is a self-employed millionaire. And to look at him, you’d never guess. He’s not wearing a tailor-made suit, a shirt with French cuffs, or a tie.
In fact, he’s dressed just like you: in a comfortable, well worn casual shirt, that’s open at the neck, jeans, and tennis shoes. And you learn from him that he divides his time between working from home and coming to a coffee shop like the one you’re in. And as you both sip your lattes, you also learn that not only did he not make his money as the result of creating some fantastic software that everyone now uses.
He didn’t start a business in the financial sector. Nor the real estate market. Instead, he made all his money in an online information business.
Wouldn’t you want to know more? Wouldn’t you be just a little curious as to how someone with no technical skills had managed to go from where you are to earning 20 times what you make in a year, and doing it every year?
What questions would you have for this ordinary person with such an extraordinary income? And how would you feel if this person was willing to spend an hour or so telling you how you could do the same thing.
Would that interest you?
What does he consider to be success as an entrepreneur?
How does he think being an entrepreneur has hindered you from becoming a better person?
What systems has he set up in his home business to help it grow?
Besides money, what is his favorite ways to compensate people?
What’s the strangest thing h has ever done as an entrepreneur?
These kinds of question rise in your mind and you would start communicate with him. So this is the very closer thoughts for those who are going to start their business.
Terry Dean is such a person.
And you can hear what he has to say about how he did it in an interview that I did with him.
You may remember in your business subject class, than an entrepreneur is someone who has a great possession of idea, where he is the venture owner and will be accountable for all the adherent tasks it compromise. Being an entrepreneur is a task one should not easily take but will surely embrace all its advantages. Listed below are the admirable traits of a successful entrepreneurs:
Has Vision – in all types of people, whether you are not entrepreneur, people who always succeed are those who see their selves in future and do something for it.
He who set goals – someone plans ahead of time, someone who set parameter to achieve something he would want for his self.
He who is an opportunist – entrepreneurs were known as opportunist because of their attitude to grab the bacon as it was presented to them.
He who knows the Competition – a good entrepreneur is someone who knows the demand in the market. Biz Mirror a real life business magazine featured the life of Lawrence Robinson who gained five business branches in two years. According to him, knowing the demand of the public will surely be an edge, since he is a pool owner, he found out that aqua rite and pool chlorinator are the demand of the market. So what he did was to look for a high end aqua rite and pool chlorinator that he can offer to the public, after a year, his store in Los Angeles, became one of the most sought after pool store in California. He was able to put five branches in two years time and he was so thankful with the idea that he was able to achieve this success because of his aqua rite and pool chlorinator idea.
He who has love and passion for his business – it can be notice that all the successful people are those who love and untiringly work for their work, if you would want to be an entrepreneur, then you must always fall in love and work the best for your business.
Business opportunities in the food sector are unlimited. If you know the tricks and are well informed, you can no doubt give shape to your business dreams in no time. Restaurants today run well depending on a number of factors; these are brand identity, quality of food items served, menu, variety, courteousness in handling customers, locality, to name a few. When you can be an owner of a reputed brand in your area by buying a restaurant franchise, why not grab the opportunity. And if the menu well suits the Indian taste such as snacks food, namkeens, traditional sweets, Bengali sweets, chaat like pani puri, South Indian food, the effort of buying the restaurant franchise is well rewarded.
When you buy a restaurant franchise, you will have to pay some royalty money as well as percentage of the profits every month or annually or as decided. You no doubt become the owner of the restaurant, but you will have to follow the same method of food preparation, besides having the same menu. You will notice an increasing crowd right from day one. A little advertisement will further add to the crowd pulling factor.
You will always find sweets in the menu in every festive occasion. It is also in marriage, birthday, anniversary, and other functions. where all traditional sweets including Bengali sweets rule the roost; this is because having as well as distributing sweets is considered as good omen. Pani puri and chaat items are also served in most occasions. Another item that is served with tea or coffee is variety of namkeens. The most savored namkeens include bhujia, chana masala, mini samosas, dalmoth, and more.
The rasgulla and the rasmalai are two of the most popular Bengali sweets. Both the Bengali sweets items are found in sweets shops in every corner of the country. Preparation of rasmalai involves cooking of rounded pies of fine milk curd in syrup such that a unique texture is created. The pies are then soaked in full cream milk and then served with a shower of chopped pistachio nuts.
News trading is an excellent way of profiting in the Forex market. Economic news usually has the ability to increase volatility and thus potential trade opportunities in the market. However, it is important to only trade the news that has the highest ability to cause movements in the market. As much as the markets often react to the majority of economic news from different countries, those from big economies such as the U.S. and Europe play a significant role on currency market moves.
Here are some news reports that are trade-worthy:
Interest rates have the ability to cause significant movements in the Forex market. By increasing, maintaining, or lowering interest rates, central banks exert influence over the value of currencies. If raised, the exchange rate of a particular currency would appreciate in value, and if decreased, the exchange rate would depreciate in value. When an interest rate rises, it would offer lenders in an economy a higher return as compared to other countries; therefore, there would be an increased inflow of foreign capital that ultimately would cause the value of a currency to appreciate. Generally, it is seen as a good thing when interest rates increase and a bad thing when interest rates decrease.
Economic indicators give a picture of the general performance of the economy of a country. They enable analysis of current performance and future forecasts of the economy of a country. Economic indicators comprise of various indices, earnings reports, and economic summaries, and some of which include Gross Domestic Product (GDP), Gross National Product (GNP), Consumer spending, capital expenditure, and government expenditure.
As a general rule, a country having a high inflation rate usually has a weak currency, since its purchasing power decreases as compared to other currencies of its trading partners. To strengthen the value of a currency, the central bank of a country may make a decision to increase the interest rates.
In order to comprehend the economic health of a country, it is essential to know the employment statistics of that particular country. Therefore, various employment indicators released on a regular basis are very important in affecting the value of currencies in the Forex market. An example of this is the U.S. Non-Farm Payroll released on a monthly basis.
Balance of trade announcements
As a general rule, a country with a positive Balance of Trade (BOT) usually has a rising currency.