Financial Advice on the Web

The Internet may be the best thing to happen since sliced bread, but it comes with its share of drawbacks. One of these is that every shyster in the world can get online and try to make a quick buck convincing you that they’re qualified to give financial advice or guidance. The best thing you can do when seeking for information online is to be wary. Use this as a quick briefing of how to stay safe when looking for reliable info.

Consider the source. The biggest banks and financial institutions in the world can make the nicest, coolest-looking websites, and pay the most to have them ranked highly in the search engines. On top of that they can spend the most money on advertising and get you to take a look at what they are offering. Any big bank is only going to lead you to as many different products that they can. They give you information on getting a mortgage for your home, as well as an auto loan, and a credit card. This is not an institution that has your long term financial goals in mind. They want you to have it all now so you can be under their thumb for 20 years or more.

Watch out for sponsored content. Sponsored content presents itself as real information, but instead is nothing more than a cleverly crafted sales pitch. In today’s world, you want to be savvy enough to know that what you are reading was written by a real human or is just rehashed information designed to fool the search engines. Many websites offering free financial information are full of financial keywords so that you will be looking at financial advertisements while you read the information. If you feel that an article you are making is confusing or has lots of the same words repeated over and over, you’ll want to click the back button and move on.

Stay clear of biased tips. If a company has a financial product they are trying to sell you, then the advice they will offer will be geared towards getting you to purchase the product, not with your needs in mind.

Avoid a short-term mind set. Look out for sites that reel you in with stock updates that are up-to-the-minute. You don’t want to be a day trader and this type of short sighted thinking is never good for a long term investment strategy.

The old adage that you get what you pay for applies really well online. Be careful of free advice you receive on the net and always double check that info. Paying for advice is no guarantee that you will get better advice, but it does weed out a lot of bad information.

Top 5 Tips for Getting Cheap Car Insurance

Buying cheap car insurance is not just about getting the lowest premiums. You also need to make sure you are getting the cover and service you need. To help you find the best cheap car insurance deals here are 5 top tips.

1. Compare Quotes

Don’t just renew your insurance with your current provider. Shop around and get at least 3 or 4 quotes from different insurance companies. This will allow you to compare prices and find a better deal. You could save over 25% on your premiums by shopping around and this is easy to do online. There are a number of excellent websites that can offer you fast and effective ways to compare cheap car insurance deals from a multitude of different providers.

2. Choose the Right Cover

With any insurance product the more cover you want the more you will have to pay. If you want to get cheap car insurance you may have to compromise on cover. Insurers offer flexible policies that do allow you to pick and choose some of the elements of cover. You will need to make a quick list of the essential cover you need and be prepared to go without some of the extras if they add too much to the overall costs. Optional extras can include:

Courtesy Car – if you rely on your car for work then you may need this addition to your policy. The insurance company will provide you with a car whilst yours is off the road for repairs. However this option could add quite a bit to your overall insurance costs so only choose this if really necessary.

Breakdown Assistance – most people have separate breakdown cover these days (often provided with bank and credit card accounts) so check you are not over-insuring yourself by paying for this on your car insurance policy as well.

3. Annual Payments

The majority of insurance companies charge you interest if you pay your premiums in installments. This means in most cases you will save money simply by paying a single annual payment upfront. This is one quick and easy way to get cheap car insurance.

4. Security

You can reduce the risk associated with your car by making sure it is secure. This can include adding an alarm and immobilizer and parking it in a secure place (private driveway or garage). This can help you to get cheap car insurance deals.

5. Mileage Figures

Insurers frequently ask you how many miles you do on average in the year. This will only need to be an approximation but in general the more miles you do the higher your premiums could be. Try cutting out on any unnecessary trips and walking or cycling shorter distances. Not only will this cut down on fuel bills but it could also help you to get cheap car insurance as well.

3 Tips Of Solid Business Financial Advice

With the world economic downturn today, it is more important than ever to carefully plot the course of your business. Many businesses will fail under these financial times, but if you find someone who can give you good business financial advice, you will have a much better shot at making it through and being stronger when things swing around. Success also comes with the knowledge of a good accountant where they can help you to find legal tax breaks and help you minimize your tax exposure. However, keep in mind that there are also many dishonest accountants around so saving a few thousand dollars today isn’t worth the nightmare where you get audited by the tax office.

Here is a list of ways you can find a good accountant to help you with all your business accounting needs. Keep these tips in mind when you are interviewing professionals as they will help you choose just the right person for your business. Remember, you will be working closely with your accountant so you will need make sure this person is not only qualified, but someone whom you will like and be able work with.

1. Ask other business owners to recommend a good accountant. If the accountant they are using is good, they will be sure to recommend them to you. Remember most accountants can help with individuals with personal taxes but for a business, you may need to find an accountant that specializes in business taxes. If this is the case, then your business will requires a higher degree of specialization. You will need an accountant who is up to date on all the rapidly changing business and tax rules and who can help you legally minimize your tax burden. Legally lowering your tax bill with the right financial advice is one of the best ways to help your business succeed. The lower your tax bills, the more money you can keep and put back into your business to help shore it up during these rough economic times. Money is in your pocket is better than money in somebody else’s pocket!

2. You may want to consider hiring a larger accounting firm instead of a single accountant. Why? Because you are likely to have many different elements of financial advice you’ll need beyond just business tax advice. Hiring a firm gives you the possibility of working with several accountants, each one specializing in a certain area. For example, one accountant might be an expert in business issues, while another might have more expertise in personal finance and estate planning. By combining the strengths of each of these accountants you are getting the absolute best advice for all of your financial needs. This ensures you have most of your bases covered as to the reason you hired an accountant in the first place.

3. This method works well when your business has a tight cashflow and you don’t have a lot of money to hire an expensive accounting firm. However, for tax purposes, you still need to keep up-to-date accounting records for the tax office so you may consider buying some accounting software. Most softwares have regular updates as tax laws change and you can usually just plug in and play and these softwares are user friendly. Some software programs even offer live help if you have questions that aren’t answered by the software. If you decide to go this route it, it would also be advisable to do a bit of research and check with other business owners on which softwares they use and whether it is good. This will give you a starting point, though ultimately it will be your decision based on your needs.

There are many highly trained professionals that can give you great business financial advice. Just take a little time, ask some questions, do your research and use professionals that you think will be easy to work with and who you think will be able to offer your business the most.

How to Find a Life Insurance Company

Ratings on Companies

Many people wonder how to go about choosing a life insurance company. In truth, there are several factors that can determine one’s decisions to pick one company over another. More often than not, the deciding factor comes down to the price of the monthly premium.

The premium needs to be affordable enough for one to pay it off each month without it making a huge dent in their finances. A good life insurance company does not want to bankrupt their clients with each premium – quite the contrary in fact.

Insurance companies want to keep their clients as happy paying customers so that they actually have a business to run. If there is no one paying the premiums, then there is nobody to insure.

Thus, life insurance companies will do everything they can to convince a prospective customer that they are the best possible choice.

Be Wary of Life Insurance Scams

However, keep in mind that companies that bend over backwards and offers great premiums may not actually looking out for one’s best interest. In order to avoid scams, read the fine print of their policies. Will loved ones receive the policy without due? Does it take a while for a claim to be filed? One should read reviews and comparisons of life insurance companies in order to weed out the bad ones. This will be easy to find because insurance companies are not like other holders as they are regulated by each state via a special commission. Thus, finding the truth about a company is actually quite easy. One can trust the sources and reviews found through the commission because they are an unbiased organization that was created to help people looking for life insurance policies.

The records are public, but it helps to understand how to read them in order to understand the reports. If a company looks like it has many issues, then one should also look at the number of claims it has handled. If the number is relatively low compared to the overall claims, then the chances are it is not a scam company.

The insurance commission is designed to help weed out bad companies that just exist to take advantage of people during delicate situations. There is no need for anyone to worry about picking a company that is fraudulent because most likely it will not happen. One just needs to trust their instinct.

Now, What is Next?

In conclusion, finding a life insurance policy that is both affordable and comprehensive is not so difficult after all. As long as one researches their top choices and considers them carefully, then there is nothing that they should worry about. A good life insurance company will not take one’s family for a ride should the need ever arise to make a claim. People can rest easy knowing that their family is well taken care of should anything ever happen to them. However, one should not worry about that as life still needs to be lived!