financial | Galen Bargerstock

WASHINGTON U.S. Housing and Urban Development Secretary Julin Castro today announced HUD will speed federal disaster assistance to the States of North Carolina, Florida, and Georgia and provide support to homeowners and low-income renters forced from their homes http://www.galenbargerstock.com/tag/financial/ to Hurricane Matthew.

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Retirement Commentator MI 48192

‘There is a way that seemed right unto a man but the end thereof is destruction’

The above saying can be said to be true in some instances, but from the moment when I discovered the true meaning of wealth, I have never met a wealthy man who came into his fortune without having to take certain decisions, actions that seemed futile at that particular moment.

It is an obvious fact that making a headway in life requires a certain level of risk taking ability. Your ability to take the ‘bull by the horn’ in seemingly difficult situations determines how far you go in life.

Let’s take a case scenario of two brothers who happen to be farmers in a village far away from any natural source of water supply. Farmer A and Farmer B plant their crops at the same time in a land not too far apart from each other. After a while, the rains stop falling, farmer A is contended with the natural order of things, but Farmer B is not he seeks ways to provide an all year round supply of water to his crops so he devises a means of transporting water from a faraway stream into his farm land. Now, farmer A tries to dissuade him by pointing out the various disadvantages of irrigation which includes over flooding. Farmer B despite knowing that he risked over flooding his small farm, persisted, ignoring the risk and thinking only of the advantages.

Eventually, it is harvest time, both farmers cultivated their crops but as you must have guessed by now, Farmer B’s harvest was more bountiful than that of his brother in the long run, the end justified the means.

Now the difference between this two brothers is that one of them did things differently from what was regularly obtained. He took the risk of irrigating his farm despite the obvious risk of over flooding involved.

Now let’s relate this story to the present day craze for financial freedom by Nigerians as a result of which most people have bought into the now popular mavoriodian network known as MMM.

A lot of people call this scheme a scam simply because they are scared of losing their money, I mean nobody wants to lose hard earned money especially in this period of recession. Most people want financial stability, but not the risks involved in achieving this stability and as such, they remain in the same position, year in, year out.

Bill gates, one of the world’s richest man of all times, took a great risk when he took over the running of Microsoft world the risk of immediate COLLAPSE but he was not deterred, he knew the rules of success, only the risk takers take it all.

My point being, it is a fact that nothing last forever, the mavoriodian system, might not last due to some situations which includes greediness among-st participants, but those in the business of making money know that a good deal lies in the kind of risk involved the greater the risk, the greater your chances of gaining financial freedom.

Personally, I see no sense in putting my money in a banking system that finds every excuse possible to deduct minute sums under different pretentious guises of which nobody is held accountable for. Why not put that same sum of money in a system that works and ensures that at the end of the month, I not only get my money back, but I also get 30 percent and some bonuses.

To me, it only makes sense to do the latter. I am not one to be convinced easily, but I have tested and tried this system, I have seen millionaires with better finances than I have try this scheme and it worked for them, how much more me, a simple thousandaire

A great man once told me, if you want to be great, then understudy great people, if you want to be wealthy, then you might as well understudy wealthy people. watch the way they work, learn from their investment tactics, their risk taking ventures only then can you truly learn the power of making wealth.

In conclusion, I ll advise that every Nigerian youth in universities, polytechnics and on the streets should key into this system, let us attain financial independence and by so doing, reduce drastically the rate of criminal vices perpetrated daily on our fellow countrymen.

America is great today because of the decisions its people took, seemingly impossible decisions, we too can be great it all starts with you.

Join the MMM movement today and watch your life transform.

Source by Wilson Don Lee Levi

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Personal Finance Practice Middletown

The U.S. Commodity Futures Trading Commission (CFTC) issued an order of exemption from registration as a derivatives clearing organization (DCO) to OTC Clearing Hong Kong Limited (OTC Clear).

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Retirement Services Livernois Rd. Troy

An individual is initially dependent on others during the early phase of life; first 20 years. Throughout this phase, the person obtains knowledge on multiple subjects, attains wisdom through manifold observations, and builds up moral strength by means of spiritual/humane practices. Nevertheless, the person is barely in touch with the business world during this phase. Later on, along with multi-dimensional independent life experiences, the individual, in the second phase of life, is consequentially apprised about economic fields and economic works.

Human life embraces multiple needs and countless facilities for normal living. Basic human needs include healthy food, fresh water, proper clothes, right sanitation, complete shelter, necessary medical aids, easy transportation and appropriate education. The innate human nature extends the individual’s contentment boundary towards countless paraphernalia of life, such as, aesthetic dressing, delicious foods, magnificent residence, superior education, unlimited medical assurances, and so on and so forth. In order to fulfil both, needs and facilities, money is the fundamental prerequisite. Proactive efforts are indispensable to earn money units. Namely, a work for the sake of monetary reward is called an economic work.

Technically, personal economic independence is defined in the dictionary as the income threshold at which a person can live without relying on the support of others. At this stage, the economic agent can purchase required, and even desired, goods for personal advantage. Realistically, stream of successful execution of economic works by the individual is the only way to reach personal economic independence. The main ambition of this article is to portray the roadmap towards the actualization of a stable income stream, and hence, economic independence. I will try to reach the focal point of the paper by providing a simple technique to realize the perfect profession, a proper method for execution of economic work, and effective tips to overcome hurdles during economic struggle.

Opting the Right Profession

There are boundless economic works available in the modern world. Needless to say, the invention of internet and technology has further introduced oodles of online works as well. Selection of the right profession is duty of the economic agent. How may he/she opt for the right profession? Jeff Goins, author of the bestseller, The Art of Work, gives answer to the question. He offers a stunning approach to discover the purpose of life. Once the purpose is realized, one can consequently comprehend the right profession. Jeff writes: when you pay attention to your life and the lessons it can teach you, you won’t feel so lost. Your story will seem less like a series of disjoined events and more like a beautifully complex narrative unfolding before you. You will understand each setback, inconvenience and frustration as something more than what it appears to be. And perhaps, as you listen to it, your life will speak.

Jeff, in his case, listed out a few memories from his life and during the exercise, he was able to grasp his purpose; to become a writer. An economic agent, at the outset, can also implement the example of Jeff. He/she may note down some memorable events from the past and after thoroughly judging the worksheet, the agent will perhaps identify his/her purpose as well.

Execution of Economic Work

An economic work requires three steps for its execution; acquirement of marketable financial skill(s), setting up financial targets, short run and long run, and implementation of financial skill(s). Firstly, it is binding on the economic agent to gain knowledge and establish skills relating to the profession he/she chose. Peter F. Drucker, an American management consultant, in his book, The Practice of Management, inscribes the situation of lacking financial intelligence: if he (the worker) lacks information, he will lack both incentive and means to improve his performance.

Secondly, realize what you want in future and set up financial targets accordingly. A rational economic agent must have purpose(s) to earn monetary benefits; aimless chase of wealth without any specification of income stream is wrong. Lastly, put the acquired financial skills, proactively, in application to realize financial targets.

Hurdles during Economic Struggle

Human beings are weak. They make mistakes time and time again. Despite this weakness, God has gifted powers, latent and patent, to move forward. Economic agents can wisely use these powers to offset their financial mistakes.

In an economic struggle, the agent may face inner fragility, now and then. The vulnerability of the individual can be due to two reasons; inner faults or outer conspiracies. The major interior hindrances that can penalize the agent, repetitively, include indiscipline, fear of failure, get-rich-quick mentality and procrastination. First, getting over indiscipline requires an efficient work timetable, loyalty towards the earning platform and professional approach towards economic works. Second, fear of failure is a common obsession, which can demoralize an economic agent anytime. To drive away the apprehensive feeling, it is incumbent on an individual to solidify self-belief. Third, get-rich-quick mentality is rampant nowadays, especially on the internet. The sole technique to shield oneself from the irrationality is patience. Fourth, procrastination in an economic struggle can be withstood by implementing the maxim, be focused and be proactive.

Outer conspiracies are encountered on account of competition and rivalry among workers/businessmen. The economic world is an area of stiff competition, day in and day out. As a matter of fact, lusty workers and greedy businessmen can adopt cunning stratagem(s) to gain money units. Therefore, the economic agent must have strong intuition and lofty wisdom to resist and counteract their vice tactics.

To conclude, the road towards personal economic independence is incessant stream of successful economic works by the economic agent. The above-given work approach will certainly attract success in economic works. In short, economic independence means effective planning, strategic workmanship, patience and wisdom during the economic struggle.

Source by Muhammad Ashhar

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Roth to Riches Bob Mackenzie Denver Colorado

Roth to Riches Bob Mackenzie Denver Colorado

Corporate Financial Reporting is part of corporate reporting that consists of financial statements and accompanying notes that are prepared in conformity with Generally Accepted Accounting Principles (GAAP). The financial statements are summaries of business transactions during the financial year of the corporation. The business world has many forms of organizations ranging from the for profit sole proprietorship, partnership and incorporated businesses with limited liability to the not for profit organizations whose existence is not mainly driven by financial gain.

Regulations that govern the preparation of financial statements largely apply only to the incorporated entities. This has given rise to accounting standards setting bodies and legal provisions that form the frameworks used when preparing the financial statements. The process of preparing the reports in accordance with the GAAPs and legal requirements presents advantages and disadvantages to the organizations and to other interested groups. The International Financial Reporting Standards are increasingly being adopted by many national accounting standards setting bodies leading the way to a single set of accounting standards all over the world. It is therefore worthwhile to look at the advantages and disadvantages of financial reporting to create an awareness of the complexities that corporations and accounting professionals contend with.

THE ADVANTAGES

A number of advantages of corporate financial reporting can be enumerated and perhaps among the most important is that organizations are able to compare their individual performance with others in the same industry or line of business. This is because the established principles, standards and regulations ensure that there is a benchmark to be followed in the preparation of financial reports. Recognition of income, expense, assets and liabilities is standardized by the existing framework and any deviation can be countered with disciplinary or legal action. Organizations strive to prepare their financial statements to closely match the set frameworks as much as possible. In some countries for example Kenya, this has been translated into an annual competition (the fire award) where companies performance in this area is assessed by professional bodies including the national accounting professionals body with the aim of awarding the company with the best prepared financial statements. This in turn promotes staff and professional development which is a desirable aspect in the growth and wealth creation of the corporate organizations.

Investors and owners of companies in jurisdictions where corporate financial reporting follows strong established and clear frameworks can make the appropriate investment decisions. Corporate reporting in this case enhances the development of understanding of the activities of the companies and at the same time keeps the companies themselves on their toes as the wider society is well-informed of the expected reporting standards. This also acts as an incentive to managers to perform at their best and to institute control measures that aid the organization to comply with the frameworks.

Requirements of corporate financial reporting lead to timely preparation of financial reports. This is desirable to the stakeholders who may be more interested in the organizations immediate past rather than wait for a long time before the outcome of their input is known. When financial reports are prepared and published within the stipulated time, it is possible for necessary actions to be taken to correct any anomalies that may have led to undesirable outcomes. In a more serious case where a material error happens to be discovered, it can be corrected and the necessary measures taken to avoid a repeat of such occurrences.

IFRS give room for flexibility as they are based on principles rather than rules. As principles are based on value, corporations can adopt the standards that best suit their circumstances as long as fair value is adequately reported. This also encourages professional development as accounting standards setting requires qualified academics who can develop the required standards after lengthy and rigorous discussions and considerations to come to a consensus.

Overall, corporate financial reporting acts as a control measure as management, owners, employees, customers, creditors and the government are dependent on the reports in their decision-making. For instance the government in taxation of companies relies at the outset on the financial reports prepared and examined by qualified public or certified professionals. Trends on the growth of the companies can also be quickly determined by comparing sets of reports for different periods.

THE DISADVANTAGES

Corporate financial reporting does not bring desirable results only. There are some undesirable outcomes that should be mitigated against. The consideration of cost guides many companies in their operation. In preparing corporate financial reports in accordance with laid down standards and rules, expertise is required and the company has to engage highly qualified professionals for this task. The fee payments to qualified professionals can be prohibiting especially to small companies controlled closely by their owner managers. Compared to larger companies the small entities do not have adequate resources to implement adoption of the standards or even to train or employ qualified staff. In many instances such small and medium enterprises (SMEs) are tempted to forgo compliance with certain aspects of the standards or rules leading to problems with regulatory bodies including the government.

Freedom to adopt standards that suit the particular circumstances of the company leads to manipulation of reports. Disclosure of important information is in jeopardy as there is no legal enforcement for implementing the standards. Even where the government imposes legal obligations on what financial reports are to be prepared, there are still loopholes that can arise especially when the accounting standards and the legal stipulations are not in conformity in some areas.

For multinational companies, there are challenges in preparing their consolidated financial reports especially where operations are in countries with different accounting standards and legal regimes. There are also other challenges in dealing with for instance exchange rates, interest rates and transfer pricing where treatment of such aspects may be considered differently in different countries. Taxation and existence or non-existence of dual taxation treaties also poses another challenge.

CONCLUSION

It can be concluded that corporate financial reporting is essential and the gains from following accounting standards based on principles far outweigh the disadvantages as freedom to prepare reports in whatever way organizations deem appropriate may lead to financial chaos.

Source by Peter K Maina

Investment Advisor N Lapeer St, Lake Orion, MI 48362

Investment Advisor N Lapeer St, Lake Orion, MI 48362

Tips On How To Manage Your Personal Finances

Whether you know a little or a lot about managing your personal finances, you can always benefit from knowing a little bit more. Education is key when it comes to controlling your money. The article below discusses tips and advice to help you stay on top of your personal finances.

A useful personal-finance tip is to investigate different funding sources prior to shopping for a new vehicle. Local banks and credit unions can be terrific sources for advantageous auto finance rates, often beating the manufacturers’ captive finance arms. By arranging your own financing prior to visiting a car dealership, you can be certain of getting the very best rate possible.

If you are trying to repair your credit score, you have to be patient. Changes to your score will not happen the day after you pay off your credit card bill. It can take up to ten years before old debt is off of your credit history. Continue to pay your bills on time, and you will get there, though.

A good personal finance tip that can help you save money is to share an entree with your spouse or friend when you decide to eat out. Some restaurants serve portions that are too big for one person anyway. By sharing an entree, you’ll save a lot more money.

A great personal finance tip is to start improvising with your workout routine. You don’t have to spend a fortune on a gym membership or on expensive equipment. There are a lot of great body weight exercises that you can do at home, and you can get plenty of cardio done outdoors.

Giving children an allowance is a great way to introduce them to personal finance and teach them how to manage money. When they are given age-appropriate chores and paid for a job well done, not only are they motivated to continue doing good work, they are learning about responsibility and the value of a dollar.

Keep your checkbook balanced. It’s really not so hard and can save you the expense and embarrassment of bounced checks and overdrawn fees. Do not just call the bank for a balance and count on having that amount in your account. Some debits and checks may not have cleared yet, resulting in overdrafts when they hit the bank.

Read books about personal finance and make a point to do this consistently. Motivational books about personal finance keep you on your toes and help make you make great strides in this department. Dave Ramsey has some really great books out, and I definitely recommend his book Financial Peace. It is a great read!

By buying gasoline in different areas where it is more affordable, you can save great amounts of money if done frequently. The difference in cost can add up to savings, but be sure that it is worth your time.

Now that you’ve come to the end of this article, it is clear what you need to do to manage your personal finances so that they don’t spin out of control. Take what you’ve learned here to heart, and apply the information as necessary. You are now on the road to being financially independent.

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Planning Consultant Lucerne Mines

Money does not buy joy. It isn’t more crucial than family, your pals or your quality of life. But why don’t we perhaps not kid ourselves monetary protection offers you the freedom to make the choices which can be best for your needs, and freedom could be the crucial to joy. We’d all prefer to improve our cash management skills, and the first faltering step toward improving at one thing is understanding it. Therefore why don’t we look to the twenty-first century’s primary supply of information: Google. And that is when it gets somewhat hairy. This is one way a prominent web site defines ‘money management’:

‘The process of managing cash, including assets, budgeting, financial, and taxes. Also referred to as financial investment management.’

You’re not likely experiencing very inspired at this time. In reality, if you are like the majority of folks, reading which has probably got you convinced that ‘money management’ is one thing most readily useful kept into the specialists people who know one thing about cash. But what you might not have realised is, regarding your cash, the one who understands the most about it is you. Let us be obvious: cash management is a large topic, and there are numerous books, articles and guidance that will help cope with the precise issues you will deal with as you work toward monetary freedom. But definitions of cash management that get bogged straight down in the details skip a significant point: the key to good money management is easy. You simply require dedication and organization.

You understand how much cash you create and how much spent all things considered, you are the one spending it! Whether you are investing in the stock exchange or buying a sandwich, you create cash management choices each and every day you will ever have, of course you don’t like the results you are getting all you need to do is replace your practices. Like most topic, monetary guidance includes its very own language, so you’ve probably heard words like ‘budget’ and ‘statement of web worth’. This terminology can be somewhat intimidating nevertheless thing to remember is these are merely names the resources that will help sort out the amount of money you have got, where it is going and how you can generate more of it. If you learn completely what they are and learn to make use of them to generate income management an integral part of your daily routine, you can make the most useful utilization of your sources and create a lifestyle on your own that is a lot less stressful, with more options.

So what precisely would you do? Well, even as we stated, cash management is a large topic and the discovering procedure will be much easier invest the it one little bit at a time. You can easily browse our range of articles for particular subjects and you can take a look at our web store for comprehensive guides on the best way to create strong monetary foundations for your family. But before you decide to do either of those things, you’ll need to commit to it and obtain organised. Sit-down with your household and determine what you prefer away from life, and commit to doing the things you’ll need to do to get what you want. After that start organising. Find out your bills, statements, receipts alongside crucial monetary documents, blow the cobwebs off them and begin producing a system that cause them to become simple to find. Utilize expanding files or files to produce separate rooms each different type of document and sort them all into chronological purchase. When you can actually state you know where everything is, you are willing to start the process of consciously managing your cash with a bit of assistance you’re going to be prepared for almost any challenges you will deal with along the way.

Money management is an extensive topic with lots of different elements, therefore it is unsurprising that Google brings up some complicated results. But it isn’t anywhere close to as scary as it can appear. By being alert to everything do with your cash, you can use the maxims of cash management to build wealth and manage your personal future. And hey Google is not always scary. Most likely, in the event that you ask it to, it’s going to provide you with right here.

Resource by Analaura Luna

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Financial Firm Troy MI

If you haven’t seen a copy of your credit report, you should seriously consider ordering one today. Now days in just a few minutes you can see your free credit report online.

Free credit score online is one of the best ideas to improve or increase your credit score. There can be many errors in your credit report that can obstruct your financial flexibility. Some people have the opinion that checking score can reduce their credit http://www.getting-unmarried.com/10-ways-prevent-divorce-ruining-finances/ but it is not so. Checking does not harm your credit score. In fact credit score check improves the credit score rating of an individual.

Why Check Free Credit Score Online?

Many lenders and retailers who extend credit facilities use credit score. The main purpose is to eliminate bad debts or any such poor line that may involve in the transaction. If you have bad credit score the lender may refrain from extending credit facilities but person with good credit score does not face any financial shortage. If you desire to have good credit score or want to increase credit score scale then you must check your credit score periodically. It is always advisable to check your credit score once in six months. Remember a minor error in your credit score can cause major destruction in your credit score rating.

Credit Scoring: Advantage

Your credit score reflects your past payment and debts history. Because of this credit score and reports many financial institutions are able to lend instant credit to the borrowers. Now days if you intend to purchase a car or house on credit the prospective seller ask for your credit score. That indicates that your credit extension is totally based on your credit score scale.

When are you entitled for a copy of free credit report?

You are entitled for a free copy of credit report if you have been denied credit

If you are unemployed and intend to apply for employment within 60 days.

If you are a public welfare assistance

If you report has been revised

If you credit report contains inaccurate information due to fraud or theft

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Retirement Firm Troy MI 48084

Court Enjoins Utilization Of Overtime Regulation

May 23, 2016, the division of Labor’s Wage and Hour Division published a final rule when you http://www.stevenazoury.com/ at the Federal join that updated the Overtime Regulations beneath the Fair work Standards Act (FLSA), specifically the exemptions for government, administrative and professional workers. The final rule implemented a 2014 Presidential Memorandum directing the division to upgrade and modernize these laws.

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Retirement Planning Guidance Wilmington Pike Glen Mills PA 19342

WASHINGTON The U.S. division of Housing and Urban developing (HUD) these days circulated its annual report to Congress in the financial problem of this Federal Housing management’s Mutual Mortgage Insurance (MMI) Fund.

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