BUILDING COSTS (Overall rates per m excl. VAT)
The following building and construction rates are provided to indicate the current square meter costs of a range of basic or common buildings in the construction industry.
Rates are approximate and vary according to the specifications of the project. Rates should be used with extreme caution and used only as a estimated indicator as these differ from area to area. Information is not stated specifically and the lowest industry standard specification is implied.
Preliminaries are included in the price but external works excluded. Escalation to start and during construction, professional fees and finance costs are excluded.
Residential Developments GASH (good address, small home) housing by Contractor/Developer R 2 550 - 3 200 Duplex houses/apartments R 3 600 - 4 200 Luxury (cluster) houses R 5 000 - 6 800 Retirement centre R 3 600 - 4 200 External works and services R 550 - 780
Office Developments Underground parking basements including foundation R 1 650 - 2 300 Commercial office park development on basement (with AC) R 2 950 - 3 650 Prestigious office development on basements R 4 700 - 7 200 External works services and landscaping for low rise developments R 550 - 780 Retail Developments Value centre type retail R 2 200 - 2 900 Convenience strip shopping centre R 3 100 - 3 700 Regional shopping centre with enclosed malls R 5 200 - 7 300 External works paving and services R 550 - 780 Industrial Developments Warehousing with 6 m height (over 2 000 m) including ablutions R 1 400 - 1 950 Medium duty factory building with 8 m height (over 2 000 m) R 1 750 - 2 300 Attached office buildings (no AC) R 2 700 - 3 200 External works, paving and services R 550 - 780 Leisure Developments Thatched game lodge accommodation per m R 3 700 - 4 800 Budget type hotels per room R 390 000 Luxury hotels per room R 1 380 000 External works and landscaped environment per m R 850 - 1 100
Monday, April 30, 2012
Condominium Styles. 4 types of condos described. Condos in Wpg.
Condominiums: An overview (Part 1)
Hello Everyone:
This is a re-issue of a blog-entry I did back in March 2008. With condos in high demand, I thought it might be a good time to re-issue an old favorite.
Condominiums have been steadily gaining in popularity in the past few years in Winnipeg. At least part of this is due to the fact that while buyers have a tough time finding a nice house under 0,000, condos are still available in this price range.
Whether you are a first-time home buyer, or an 'empty-nester', there is a condo which will fit your needs. Here is an overview of available choices and the differences between them:
Apartment-style: These are usually 3 stories tall or more, and are defined by having one general entrance way leading to a lobby or hallways, from where the individual suites branch off. Taller condos are most often built with concrete floors, which aids in the noise-reduction. Ideally, you would want a balcony so you can sit outside and have some fresh air. Most have window a/c units, but the nicer, more expensive ones have central air. Another thing to keep in mind is that not all of them have in-suite laundry, which is a nice option to have. They usually come with a parking spot, with underground spots commanding a higher price. These types of condos can sometimes still be found around the 0,000 mark for a 1-bedroom, and 5,000 and up for a 2 BR, depending on the options. Luxury condos of 1400 sq ft and more can run significantly more, depending on location.
Townhouse-style: These are usually one and 2 story buildings, with each unit having its own entrance. Most of these are wooden-frame construction, the downside being that you could hear your neighbor's stereo (or amorous escapades). These normally have an outdoor parking stall, window a/c and usually have in-suite laundry. An average 2 BR of about 900 sq feet will run you around 0,000, again depending on location.
Side-by-sides: Most of these are of newer construction, and can range in price and size. Being newer buildings (usually built within the past 10 years), they also come with more options, such as c/air, attached garages, full basements and other amenities. Privacy is increased in that you only share one wall with a neighbor, and most of the newer ones have fairly good sound insulation between the walls. Prices range from around 0,000 and up.
Detached Condos: These are what I call the 'best of both worlds". Essentially they are stand-alone buildings, completely detached, but offering all the benefits of condo-living. You have your own home, usually with all the options including attached garages etc, but no yard-work, snow-shoveling or other maintenance required. These types of condos are rare, and therefore pricey. They usually start around the 0,000 mark and run into the half-million dollar range.
Well, there we have the basic types and styles. I hope you enjoyed, and will come back in a couple of days for Part 2, which will go into the legalities, restrictions and benefits of owning a condo, along with explanations on "Reserve Fund", "Condo Fee Inclusions" and "By-Laws" of condos.
Hello Everyone:
This is a re-issue of a blog-entry I did back in March 2008. With condos in high demand, I thought it might be a good time to re-issue an old favorite.
Condominiums have been steadily gaining in popularity in the past few years in Winnipeg. At least part of this is due to the fact that while buyers have a tough time finding a nice house under 0,000, condos are still available in this price range.
Whether you are a first-time home buyer, or an 'empty-nester', there is a condo which will fit your needs. Here is an overview of available choices and the differences between them:
Apartment-style: These are usually 3 stories tall or more, and are defined by having one general entrance way leading to a lobby or hallways, from where the individual suites branch off. Taller condos are most often built with concrete floors, which aids in the noise-reduction. Ideally, you would want a balcony so you can sit outside and have some fresh air. Most have window a/c units, but the nicer, more expensive ones have central air. Another thing to keep in mind is that not all of them have in-suite laundry, which is a nice option to have. They usually come with a parking spot, with underground spots commanding a higher price. These types of condos can sometimes still be found around the 0,000 mark for a 1-bedroom, and 5,000 and up for a 2 BR, depending on the options. Luxury condos of 1400 sq ft and more can run significantly more, depending on location.
Townhouse-style: These are usually one and 2 story buildings, with each unit having its own entrance. Most of these are wooden-frame construction, the downside being that you could hear your neighbor's stereo (or amorous escapades). These normally have an outdoor parking stall, window a/c and usually have in-suite laundry. An average 2 BR of about 900 sq feet will run you around 0,000, again depending on location.
Side-by-sides: Most of these are of newer construction, and can range in price and size. Being newer buildings (usually built within the past 10 years), they also come with more options, such as c/air, attached garages, full basements and other amenities. Privacy is increased in that you only share one wall with a neighbor, and most of the newer ones have fairly good sound insulation between the walls. Prices range from around 0,000 and up.
Detached Condos: These are what I call the 'best of both worlds". Essentially they are stand-alone buildings, completely detached, but offering all the benefits of condo-living. You have your own home, usually with all the options including attached garages etc, but no yard-work, snow-shoveling or other maintenance required. These types of condos are rare, and therefore pricey. They usually start around the 0,000 mark and run into the half-million dollar range.
Well, there we have the basic types and styles. I hope you enjoyed, and will come back in a couple of days for Part 2, which will go into the legalities, restrictions and benefits of owning a condo, along with explanations on "Reserve Fund", "Condo Fee Inclusions" and "By-Laws" of condos.
Selecting The Right Boat Surveyor Is Critical When Buying A Used Boat
Surveying a yacht before making your final purchase decision is critical. You need to know what kind of condition the boat is in and whether all systems are in good working order. Surveys are meant to protect you from unpleasant surprises.
The majority of marine insurance and finance companies will insist on a survey not more than three months old before they will insure or finance a vessel. Check in advance that your insurance and finance company will accept your surveyor choices.
Once you and the seller have settled on a price and you are in possession of a Purchase and Sale Agreement signed by you and the seller, the yacht is then taken off the market until you make your final decision to purchase. Your deposit money is safely tucked away in your yacht broker's escrow account. The purchase agreement allows a window of usually two to four weeks for you to have the vessel inspected.
Every boat should be surveyed before you lay out your hard earned cash and take possession; this includes new boats that have just been delivered from the builder. I have not met a new boat yet that arrived in perfect condition with all systems working and all flaws corrected. Float switches are not working, engine mounts are not secure, nicks in the Gelcoat have not been fixed, screws are missing and the list goes on. I have seen five page lists of items that need to be fixed on a brand new boat that need approval by the builder. Getting a survey done will save you a lot of money and oftentimes months of aggravation in warranty claims.
An engine survey and general hull survey are recommended; this requires two surveyors. The engine survey should be done by a qualified mechanic for the type of engines on the yacht. Have the engine surveyor inspect the generator as well. My experience has been that most general or hull surveyors will be able to recommend engine surveyors if you do not have a personal preference.
It is helpful to keep in mind whenever selecting people to assist you in your boat purchase to try and choose those with no conflict of interest in working for you. For example, asking the local dealer for the engine type on the boat that you are buying to do an engine survey may not be the most helpful choice. Your new boat is potential new business for that engine dealer in future repairs and maintenance. Those engines could get a clean bill of health during the survey only for you to discover they require a major overhaul once you take delivery. It may be a wiser choice to select a qualified mechanic to do the inspection who is not the local dealer for those engines.
The general or hull surveyor inspects all of the other systems on the vessel. This will include but is not limited to the condition of the hull and deck, running gear, appliances, furnishings, bilge pumps, and sanitation systems.
Sailboat buyers will also want to employ a rigging surveyor. Rigging surveyors have specialized knowledge in standing rigging, deck hardware, and sails that general surveyors usually do not have. To find someone qualified to inspect sailboat rigging check the nearest sail loft or ask around at your local yacht club.
If you do not know a surveyor personally, have your yacht broker refer you to someone. I always recommend three or four surveyors to my clients from which to choose to ensure that there is no perceived conflict of interest. It stands to reason that if I have an interest in you buying the boat so that I can earn a commission, then I should not be telling you who would be your best choice in verifying the condition of the boat under consideration. You should be a little suspect if your broker insists that you use the surveyor that he recommends. When the boat is located in a part of the world that I am not familiar with I will call a broker colleague who works in that location for recommendations.
You can also do your own search for a surveyor by going to the Websites for the National Association of Marine Surveyors (NAMS) or the Society of Accredited Marine Surveyors (SAMS). NAMS requires their members to have several years of experience and that they attend workshops and seminars to update their skills. You can search for surveyors in your area or close to the location of the vessel you wish to purchase. Find someone close to the boat if you can as surveyors will charge by the hour for travel.
Survey day is Judgment Day! Survey day typically has you meeting with your surveyors, the seller or his representative, someone to operate the yacht during the day, and your yacht broker if you are using one. Surveys on small to medium size yachts can usually be accomplished in less than a day. Larger vessels can take up to a week to inspect all systems.
Arrange with a boat yard to have the yacht hauled out on the day of the survey so that everything below the waterline can be inspected. You will need to tell the yard manager when you want the boat hauled and the size and make of the vessel.
The survey day schedule will have everyone meeting at the boat first thing in the morning to start the survey. Surveyors like to do engine room work when the engines are cold. When that work is completed the boat is run to the haul out facility that you have selected. The boat is hauled to facilitate the inspection of everything below the waterline. This includes the hull, struts, shafts and bearings, props, through hull fittings and anything else that lurks down there.
Note that you should always insist on the boat being hauled. I remember several years ago surveying a fairly new 57-foot Motoryacht in Miami, FL. We took the boat for a sea trial and then back up the Miami River to a boatyard. When the yacht was hauled we discovered a section of the hull below the waterline about 3-feet by 6-feet had delaminated during the sea trial. A call to the builder in Seattle verified that they would pay for the repair and re-inspection and the sale went to closing. If we had not done the haul out, my client would have discovered the problem at his next boatyard visit. That would likely have resulted in a law suit or some type of legal action involving several people. Clearly the lesson here is to always, always have an inspection done below the waterline.
The yacht is placed back in the water for a sea trial and the completion of the survey. Be prepared to pay all surveyors before they leave the yacht at the end of the day. You will also be required to pay for the haul out before the vessel is put back in the water.
Most surveyors will give you a report of their findings during the course of the day with a verbal summary before leaving the yacht. That will be followed by a written report by email and a hard copy by snail mail generally within a couple of days depending on the size of the boat and length of the survey.
The advantage of having both the listing and selling broker present at the survey is that you can often negotiate to have the seller fix items that have come up during the survey, or ask for an appropriate price reduction on the spot.
When you receive the survey results you will have the information necessary to make a decision to accept the vessel as is, ask to have certain issues corrected before accepting the yacht or reject the boat and get your deposit back.
Once the survey repairs have been completed have your original surveyors re-inspect the boat to verify that the repairs were done to their specifications. Once they have signed off on the repairs you can then proceed to the closing.
The majority of marine insurance and finance companies will insist on a survey not more than three months old before they will insure or finance a vessel. Check in advance that your insurance and finance company will accept your surveyor choices.
Once you and the seller have settled on a price and you are in possession of a Purchase and Sale Agreement signed by you and the seller, the yacht is then taken off the market until you make your final decision to purchase. Your deposit money is safely tucked away in your yacht broker's escrow account. The purchase agreement allows a window of usually two to four weeks for you to have the vessel inspected.
Every boat should be surveyed before you lay out your hard earned cash and take possession; this includes new boats that have just been delivered from the builder. I have not met a new boat yet that arrived in perfect condition with all systems working and all flaws corrected. Float switches are not working, engine mounts are not secure, nicks in the Gelcoat have not been fixed, screws are missing and the list goes on. I have seen five page lists of items that need to be fixed on a brand new boat that need approval by the builder. Getting a survey done will save you a lot of money and oftentimes months of aggravation in warranty claims.
An engine survey and general hull survey are recommended; this requires two surveyors. The engine survey should be done by a qualified mechanic for the type of engines on the yacht. Have the engine surveyor inspect the generator as well. My experience has been that most general or hull surveyors will be able to recommend engine surveyors if you do not have a personal preference.
It is helpful to keep in mind whenever selecting people to assist you in your boat purchase to try and choose those with no conflict of interest in working for you. For example, asking the local dealer for the engine type on the boat that you are buying to do an engine survey may not be the most helpful choice. Your new boat is potential new business for that engine dealer in future repairs and maintenance. Those engines could get a clean bill of health during the survey only for you to discover they require a major overhaul once you take delivery. It may be a wiser choice to select a qualified mechanic to do the inspection who is not the local dealer for those engines.
The general or hull surveyor inspects all of the other systems on the vessel. This will include but is not limited to the condition of the hull and deck, running gear, appliances, furnishings, bilge pumps, and sanitation systems.
Sailboat buyers will also want to employ a rigging surveyor. Rigging surveyors have specialized knowledge in standing rigging, deck hardware, and sails that general surveyors usually do not have. To find someone qualified to inspect sailboat rigging check the nearest sail loft or ask around at your local yacht club.
If you do not know a surveyor personally, have your yacht broker refer you to someone. I always recommend three or four surveyors to my clients from which to choose to ensure that there is no perceived conflict of interest. It stands to reason that if I have an interest in you buying the boat so that I can earn a commission, then I should not be telling you who would be your best choice in verifying the condition of the boat under consideration. You should be a little suspect if your broker insists that you use the surveyor that he recommends. When the boat is located in a part of the world that I am not familiar with I will call a broker colleague who works in that location for recommendations.
You can also do your own search for a surveyor by going to the Websites for the National Association of Marine Surveyors (NAMS) or the Society of Accredited Marine Surveyors (SAMS). NAMS requires their members to have several years of experience and that they attend workshops and seminars to update their skills. You can search for surveyors in your area or close to the location of the vessel you wish to purchase. Find someone close to the boat if you can as surveyors will charge by the hour for travel.
Survey day is Judgment Day! Survey day typically has you meeting with your surveyors, the seller or his representative, someone to operate the yacht during the day, and your yacht broker if you are using one. Surveys on small to medium size yachts can usually be accomplished in less than a day. Larger vessels can take up to a week to inspect all systems.
Arrange with a boat yard to have the yacht hauled out on the day of the survey so that everything below the waterline can be inspected. You will need to tell the yard manager when you want the boat hauled and the size and make of the vessel.
The survey day schedule will have everyone meeting at the boat first thing in the morning to start the survey. Surveyors like to do engine room work when the engines are cold. When that work is completed the boat is run to the haul out facility that you have selected. The boat is hauled to facilitate the inspection of everything below the waterline. This includes the hull, struts, shafts and bearings, props, through hull fittings and anything else that lurks down there.
Note that you should always insist on the boat being hauled. I remember several years ago surveying a fairly new 57-foot Motoryacht in Miami, FL. We took the boat for a sea trial and then back up the Miami River to a boatyard. When the yacht was hauled we discovered a section of the hull below the waterline about 3-feet by 6-feet had delaminated during the sea trial. A call to the builder in Seattle verified that they would pay for the repair and re-inspection and the sale went to closing. If we had not done the haul out, my client would have discovered the problem at his next boatyard visit. That would likely have resulted in a law suit or some type of legal action involving several people. Clearly the lesson here is to always, always have an inspection done below the waterline.
The yacht is placed back in the water for a sea trial and the completion of the survey. Be prepared to pay all surveyors before they leave the yacht at the end of the day. You will also be required to pay for the haul out before the vessel is put back in the water.
Most surveyors will give you a report of their findings during the course of the day with a verbal summary before leaving the yacht. That will be followed by a written report by email and a hard copy by snail mail generally within a couple of days depending on the size of the boat and length of the survey.
The advantage of having both the listing and selling broker present at the survey is that you can often negotiate to have the seller fix items that have come up during the survey, or ask for an appropriate price reduction on the spot.
When you receive the survey results you will have the information necessary to make a decision to accept the vessel as is, ask to have certain issues corrected before accepting the yacht or reject the boat and get your deposit back.
Once the survey repairs have been completed have your original surveyors re-inspect the boat to verify that the repairs were done to their specifications. Once they have signed off on the repairs you can then proceed to the closing.
Saturday, April 28, 2012
How a Soccer Transfer Deal Takes Place
In England, the football transfer window is closing. This usually means a traditional mad scramble on the last day of the season by clubs wishing to bolster their squad for the final half of the season. Often it is clubs struggling at the wrong end of the table that desperately want to sign quality players in order to avoid the dreaded relegation which can cost a club up to 20 million pounds in lost revenue.
So how does a football transfer work? And what is the actual process of a football transfer?
Firstly, a written offer must be made by any club wishing to buy a player that is in contract. What then follows is a cat and mouse turn of events where the two clubs involved haggle over a fee and this can last for a few days, weeks or even months. If a club is also desperate to offload some players then an agent might be brought in to work on their behalf by sounding out clubs who might be interested in the player they want to sell. Often this happens if a player is unhappy or has fallen out with the management of the club.
If a fee is agreed between the two clubs then it is down to the players agent to negotiate personal and financial terms for the player he is representing. The main role of a football agent is to secure the best deal he can for his client so again, this could take hours, days or weeks. Many considerations have to be thought through properly such as whether the player is guaranteed a starting place in the team, the weekly wage and the length of the contract that is on offer.
After the basic contract is agreed upon then the finer details have to be ironed out like players bonuses for appearances, loyalty, signing on fee, image rights, goal scoring or clean sheet bonus. It is only then that the contract is finally agreed upon and the player then decides if he wishes to move. The main criteria for a football player is how many minutes he going to see on the pitch and contrary to popular belief it is not financial.
Young players have a slightly different way of renewing their contract. Most players graduate to first team status by playing through the academy ranks. If a youth player makes more than five first team appearances then his contract is often re negotiated.
Clauses are also an important feature of a football contract. Players these days often insist on having a relegation clause in their contract to secure them playing at the highest level.
Of course the agent does not work for free. He can only be renumerated by one party. And the buying club is usually the fee payer to the agent and this paid by either a lump sum or by annual installments.
Finally, when a football transfer is concluded then documents must be sent to the relevant authorities who include the football association, premier league and if a transfer is concluded outside the premier league then the football league must also be notified. These documents are the players registration, finance agreement between the two clubs and any forms regarding the agent must be submitted.
So how does a football transfer work? And what is the actual process of a football transfer?
Firstly, a written offer must be made by any club wishing to buy a player that is in contract. What then follows is a cat and mouse turn of events where the two clubs involved haggle over a fee and this can last for a few days, weeks or even months. If a club is also desperate to offload some players then an agent might be brought in to work on their behalf by sounding out clubs who might be interested in the player they want to sell. Often this happens if a player is unhappy or has fallen out with the management of the club.
If a fee is agreed between the two clubs then it is down to the players agent to negotiate personal and financial terms for the player he is representing. The main role of a football agent is to secure the best deal he can for his client so again, this could take hours, days or weeks. Many considerations have to be thought through properly such as whether the player is guaranteed a starting place in the team, the weekly wage and the length of the contract that is on offer.
After the basic contract is agreed upon then the finer details have to be ironed out like players bonuses for appearances, loyalty, signing on fee, image rights, goal scoring or clean sheet bonus. It is only then that the contract is finally agreed upon and the player then decides if he wishes to move. The main criteria for a football player is how many minutes he going to see on the pitch and contrary to popular belief it is not financial.
Young players have a slightly different way of renewing their contract. Most players graduate to first team status by playing through the academy ranks. If a youth player makes more than five first team appearances then his contract is often re negotiated.
Clauses are also an important feature of a football contract. Players these days often insist on having a relegation clause in their contract to secure them playing at the highest level.
Of course the agent does not work for free. He can only be renumerated by one party. And the buying club is usually the fee payer to the agent and this paid by either a lump sum or by annual installments.
Finally, when a football transfer is concluded then documents must be sent to the relevant authorities who include the football association, premier league and if a transfer is concluded outside the premier league then the football league must also be notified. These documents are the players registration, finance agreement between the two clubs and any forms regarding the agent must be submitted.
Friday, April 27, 2012
Choosing A Business Contract Hire Van
Contract hire vans are a great option for businesses. Leasing is a cheaper way of securing a new van than actually buying it. There are also several other perks which add to the attraction of business contract hire. But in order to gain the best deal it is important to shop around before choosing your new vehicle.
Before hiring a van on a business contract deal it is important to first decide on what you actually want. The van must meet your business needs. As business contract hire is cheaper than buying the vehicle outright or through a loan deal you may choose to secure a high specification model. Then you need to decide how long you want the lease period to last. These are usually between a year and 60 months. If you are not too bothered about changing the van over the short term than the longer leasing period may suffice.
A deposit has to be paid before taking out a business contract van hire deal. While the cost of the monthly leasing payments are important, you may wish to shop around to find a company who charge competitively when it comes to deposits.
One important thing to consider is the annual mileage you expect to run while leasing your van. The advantage of this mileage cap is that you will effectively be paying for the van only when it is in use. On the downside you face extra charges if the agreed mileage is exceeded. However, some contracts do allow you to change the cap during the term of the lease.
Business contract van hire does offer other benefits. Most leasing companies offer full manufacturers warranty on the vehicles. Many business contract hire deals also offer roadside assistance in case of breakdown for at least part of the leasing period. Free delivery and collection of the van is usually available on British mainland. The cost of the road fund licence is also included during the period of the deal.
So long as you consider your options, choosing a business contract hire van could be the best way for your company to gain the use of a new vehicle.
Before hiring a van on a business contract deal it is important to first decide on what you actually want. The van must meet your business needs. As business contract hire is cheaper than buying the vehicle outright or through a loan deal you may choose to secure a high specification model. Then you need to decide how long you want the lease period to last. These are usually between a year and 60 months. If you are not too bothered about changing the van over the short term than the longer leasing period may suffice.
A deposit has to be paid before taking out a business contract van hire deal. While the cost of the monthly leasing payments are important, you may wish to shop around to find a company who charge competitively when it comes to deposits.
One important thing to consider is the annual mileage you expect to run while leasing your van. The advantage of this mileage cap is that you will effectively be paying for the van only when it is in use. On the downside you face extra charges if the agreed mileage is exceeded. However, some contracts do allow you to change the cap during the term of the lease.
Business contract van hire does offer other benefits. Most leasing companies offer full manufacturers warranty on the vehicles. Many business contract hire deals also offer roadside assistance in case of breakdown for at least part of the leasing period. Free delivery and collection of the van is usually available on British mainland. The cost of the road fund licence is also included during the period of the deal.
So long as you consider your options, choosing a business contract hire van could be the best way for your company to gain the use of a new vehicle.
Wednesday, April 25, 2012
Help Your Children Understand The Importance Of Money
Today's schools have many things to teach students on various subjects like History, Geography, English, Science, Mathematics and the list goes on. But there is no such school that teaches students on money management concepts like how to save money, how to spend money, how to manage money, etc. So, it is the responsibility of the parents to teach their children on how to manage their money properly.
Children are generally unaware of the importance of money and take things for granted. As a parent, you should teach your children the basic concepts or principles of personal finance. Talk to them about your childhood days and tell them how you used to save money and how difficult it would be to control expenses.
Help your children open their savings account in their name and teach them how to create a budget and how to follow it. Take your children's help in tracking your expenses related to utility bills, grocery bills and miscellaneous expenses and ask them to fill up the budgeting sheet. If your child starts doing this, then he will be able to understand the importance of money and financial situation of your household. Perhaps, your child will help you in cutting unnecessary expenses.
Functionality over fancy lifestyle
Children, especially teens, purchase expensive things to impress their friends and others. They don't want to buy things at a low price; they are not bothered about the functionality of the products that are available at affordable prices. They just want to make a purchase to get into fancy lifestyle and show-off their material possessions.
If your child is making such expensive purchases with his monthly allowance (pocket money), you need to carefully handle this situation and talk to your child in such a way that he does not get rebellious. Never give your debit/credit cards to your children, they are still not ready to take the responsibility of making transactions/payments and at times they may spend on unnecessary things, without your consent. Children should have a debit/credit card only after they start earning.
Teach financial responsibility
Ask children to do some household chores like washing their own clothes, getting groceries or vegetables to home, paying some small utility bills, etc. Give allowance as a payment for a task. Children often like to take challenges and tasks for rewards.
Allowance is a good tool for teaching children about money management. It helps your child to learn how to manage money effectively. Remember, your child's allowance should be of small amount, so that he buys something small that is needed or save the amount for something big later on. It should not be a big amount to make expensive purchases. Further, ask your child to get into part-time jobs during vacations as it helps him understand the value of hard earned money.
Manage their expectations
Don't spend money carelessly in front of your children. Also, while shopping with your children don't make it a habit of buying things for them frequently. It shows your reckless spending. Your child may easily get carried away by your shopping attitude. You need to teach your children about the importance of personal finance and tell them to live frugal and make sacrifices.
Therefore, as a parent you may have understood the importance of money management and now you need to inculcate the same in your children and give them tips to save money. See to it that your tips are helping your child save money for a period of time.
Children are generally unaware of the importance of money and take things for granted. As a parent, you should teach your children the basic concepts or principles of personal finance. Talk to them about your childhood days and tell them how you used to save money and how difficult it would be to control expenses.
Help your children open their savings account in their name and teach them how to create a budget and how to follow it. Take your children's help in tracking your expenses related to utility bills, grocery bills and miscellaneous expenses and ask them to fill up the budgeting sheet. If your child starts doing this, then he will be able to understand the importance of money and financial situation of your household. Perhaps, your child will help you in cutting unnecessary expenses.
Functionality over fancy lifestyle
Children, especially teens, purchase expensive things to impress their friends and others. They don't want to buy things at a low price; they are not bothered about the functionality of the products that are available at affordable prices. They just want to make a purchase to get into fancy lifestyle and show-off their material possessions.
If your child is making such expensive purchases with his monthly allowance (pocket money), you need to carefully handle this situation and talk to your child in such a way that he does not get rebellious. Never give your debit/credit cards to your children, they are still not ready to take the responsibility of making transactions/payments and at times they may spend on unnecessary things, without your consent. Children should have a debit/credit card only after they start earning.
Teach financial responsibility
Ask children to do some household chores like washing their own clothes, getting groceries or vegetables to home, paying some small utility bills, etc. Give allowance as a payment for a task. Children often like to take challenges and tasks for rewards.
Allowance is a good tool for teaching children about money management. It helps your child to learn how to manage money effectively. Remember, your child's allowance should be of small amount, so that he buys something small that is needed or save the amount for something big later on. It should not be a big amount to make expensive purchases. Further, ask your child to get into part-time jobs during vacations as it helps him understand the value of hard earned money.
Manage their expectations
Don't spend money carelessly in front of your children. Also, while shopping with your children don't make it a habit of buying things for them frequently. It shows your reckless spending. Your child may easily get carried away by your shopping attitude. You need to teach your children about the importance of personal finance and tell them to live frugal and make sacrifices.
Therefore, as a parent you may have understood the importance of money management and now you need to inculcate the same in your children and give them tips to save money. See to it that your tips are helping your child save money for a period of time.
Review of Primerica's Business Structure
What is Primerica all about? Well, the purpose of this article is not to put down Primerica, nor is it to sing the praises of Primerica. My intended goal is to give you the most unbiased and genuine informationto help you decide on whether or not Primerica is for you. Therefore, to be victorious, we must first examine Primerica's history and Corporate Mission. We will then talk about the most prevalent Pro's and Con's concerning the business structure, pay plans and marketing strategy.
Primerica was founded back in 1977 by an old High School Football Coach named A.L. Williams. A.L. Williams was a remarkable personality that like so scores of other geniuses, tripped into his Ah Ha moment. A.L. hated the fact that he saw many of his family members struggle to pay all of their monthly obligations. To make matters worst, he could not figure out why so many would pay for Life Insurance their entire life! Thus the idea of Term Life was created. A.L. believed it made more sense to split your investments from your life insurance and to simply pay for life insurance during the years that you stand to lose the most. These years would be between 25-55 years old when you are just beginning to aggragate your assets. At this age you don't have a sufficient amount of money on hand to pay off the debt you have produced by attaining new mortgages, car loans, student loans, etc So during these years, you need life insurance that would prevent your children from inheriting a ton of debt in the event that you would unexpectedly die. Primerica's whole foundation is built on this point. purchase Term Life Insurance for a 30 year Term, saving hundreds of dollars per year off the Whole Life Insurance Products, and then invest the difference into Mutual Funds that have an usual ROI of 10 12%. So by the time your 30 year term policy expires, you have no debt and enough cash flow to pay off any items purchased at this point.
Now, this is a brilliant way of thinking and a very easy to apply savvy financial move. Just so you know, I sold Primerica Products for years and had a pretty flourishing career with the company. I didn't leave Primerica, because it doesn't work.I left Primerica simply because I found something that worked better for me. This is not to say that Primerica will not be beneficial for you though. The Pro's to working within Primerica are as follows:
1. Very low start up cost of roughly 0 to join
2. Brand recognition, many have already heard about Primerica Products
3. You can make some additional cash flow and build a business at the same time
4. It is truly a product that is needed in this day and age
on the other hand, there are also some Con's to working and developing a Primerica business. It was many of these reasons that caused me to reassess my long term affiliation with Primerica. Some of the Con's to working with Primerica are:
1. Very high attrition rate (most quit after 90 days)
2. You and everyone in your down line must pass a series of test to sell the products (Securities Test Series 63 and 6 Exams and the State Life Insurance Exam) these test are difficult for some, but have prohibited many from working with Primerica. It's tough enough to find people to work the business, but then they also have to take hours of education courses and pass exams
3. The pay is not residual. You are only paid on the Life Insurance Policies you sell once. You are paid a slight residual on the Mutual Funds you sell, but pennies on the dollar. So to keep making money, you need your teams to keep selling policies.
4. You are restricted to the state you live in. You have to get separate licenses for any other state you want to sell policies. So, you will ultimately saturate your communities.
5. To reach the level the Regional Vice President level of Primerica, you must quit your Job and you cannot own other businesses that Primerica deems conflict of interest with them. (This is what got me, being that I owned 4 other businesses at the time).
6. Lastly, the marketing plan is non existent. Your marketing strategy is to sell all your Friends and Family members and then use their warms markets to keep growing your business. Most people hated this!
So again, Primerica does have great benefits, as well as, great short comings. You simply need to decide if the Pro's outweigh the Con's before you make the leap.
Primerica was founded back in 1977 by an old High School Football Coach named A.L. Williams. A.L. Williams was a remarkable personality that like so scores of other geniuses, tripped into his Ah Ha moment. A.L. hated the fact that he saw many of his family members struggle to pay all of their monthly obligations. To make matters worst, he could not figure out why so many would pay for Life Insurance their entire life! Thus the idea of Term Life was created. A.L. believed it made more sense to split your investments from your life insurance and to simply pay for life insurance during the years that you stand to lose the most. These years would be between 25-55 years old when you are just beginning to aggragate your assets. At this age you don't have a sufficient amount of money on hand to pay off the debt you have produced by attaining new mortgages, car loans, student loans, etc So during these years, you need life insurance that would prevent your children from inheriting a ton of debt in the event that you would unexpectedly die. Primerica's whole foundation is built on this point. purchase Term Life Insurance for a 30 year Term, saving hundreds of dollars per year off the Whole Life Insurance Products, and then invest the difference into Mutual Funds that have an usual ROI of 10 12%. So by the time your 30 year term policy expires, you have no debt and enough cash flow to pay off any items purchased at this point.
Now, this is a brilliant way of thinking and a very easy to apply savvy financial move. Just so you know, I sold Primerica Products for years and had a pretty flourishing career with the company. I didn't leave Primerica, because it doesn't work.I left Primerica simply because I found something that worked better for me. This is not to say that Primerica will not be beneficial for you though. The Pro's to working within Primerica are as follows:
1. Very low start up cost of roughly 0 to join
2. Brand recognition, many have already heard about Primerica Products
3. You can make some additional cash flow and build a business at the same time
4. It is truly a product that is needed in this day and age
on the other hand, there are also some Con's to working and developing a Primerica business. It was many of these reasons that caused me to reassess my long term affiliation with Primerica. Some of the Con's to working with Primerica are:
1. Very high attrition rate (most quit after 90 days)
2. You and everyone in your down line must pass a series of test to sell the products (Securities Test Series 63 and 6 Exams and the State Life Insurance Exam) these test are difficult for some, but have prohibited many from working with Primerica. It's tough enough to find people to work the business, but then they also have to take hours of education courses and pass exams
3. The pay is not residual. You are only paid on the Life Insurance Policies you sell once. You are paid a slight residual on the Mutual Funds you sell, but pennies on the dollar. So to keep making money, you need your teams to keep selling policies.
4. You are restricted to the state you live in. You have to get separate licenses for any other state you want to sell policies. So, you will ultimately saturate your communities.
5. To reach the level the Regional Vice President level of Primerica, you must quit your Job and you cannot own other businesses that Primerica deems conflict of interest with them. (This is what got me, being that I owned 4 other businesses at the time).
6. Lastly, the marketing plan is non existent. Your marketing strategy is to sell all your Friends and Family members and then use their warms markets to keep growing your business. Most people hated this!
So again, Primerica does have great benefits, as well as, great short comings. You simply need to decide if the Pro's outweigh the Con's before you make the leap.
Monday, April 23, 2012
Can You Apply For A Payday Loan When Travelling Abroad On Business?
One of the criteria that you will need to meet when applying for a payday loan is that you are living in the same country as the lender is based. So if you're a Briton seeking a short-term loan, then you will need to use a UK company. But what happens if you're overseas on business and need to borrow money quickly?
As long as you've got a UK bank account and a permanent address in the country, then there should be no major issues. However, because your IP address will be located overseas, this may trigger a security issue. This can normally be resolved with a phone call, clarifying your details, or a fax containing some identifying documentation.
This can be made much simpler if you have already successfully applied for and settled a loan with the company. By building up your standing with the lender, they are more likely to trust you and will be able to speed up the process of borrowing even if you happen to be overseas at the time. However, this shouldn't stop you from using other companies either in the same circumstances.
The biggest priority for any payday loan company is to ensure that they are only lending to people who can afford to repay and won't disappear with the money. This is why they have rules on lending to consumers who live abroad. Whilst it's relatively easy to chase debts in the same country, this becomes far more challenging when they live elsewhere.
So the lenders will carry out some rudimentary checks on your employment, salary, bank details and all other personal information. At the end of this they will be able to accurately judge your risk and viability as a borrower. As long as you meet their minimum requirements, such as being over the age of 18 and earning in excess of 500, you should have no problems whatsoever.
Assuming you have access to your bank account whilst away on business, you should have no problems withdrawing the money on the same day. Just as when applying in the UK, payday loan companies will often be able to transfer funds within a matter of hours. So if you're in a tight spot whilst doing a little globetrotting there is a solution.
You will have to be a little bit careful though. Some companies can be stricter than others with regards to applications. When you're abroad, it is easy for anybody to see exactly where you are simply from your Internet connection. This can trigger a security warning, particularly if you're claiming to be a UK resident and they can clearly see that the application is coming from somebody hundreds, or even thousands of miles away.
This is why there may be additional security checks to go through, as mentioned before. As a customer, this should probably be seen as a good thing. After all, you wouldn't want somebody to borrow money in your name and then disappear off with it to another country. Equally, it will protect them from the exact same situation.
So if you are caught short when you're in another country for business, it should be possible to apply for a payday loan. Though it is important that you apply with a lender based in the UK, not where you're currently residing unless of course your bank is based there. As long as you are able to prove that your details are accurate and meet all of the necessary requirements, there should be nothing standing in your way of gaining acceptance and borrowing a little extra cash when you're overseas.
Vincent Rogers is a finance writer who writes for a number of finance businesses. For reliable payday loans, he recommends
Vincent Rogers is a finance writer who writes for a number of finance businesses. For reliable payday loans, he recommends
As long as you've got a UK bank account and a permanent address in the country, then there should be no major issues. However, because your IP address will be located overseas, this may trigger a security issue. This can normally be resolved with a phone call, clarifying your details, or a fax containing some identifying documentation.
This can be made much simpler if you have already successfully applied for and settled a loan with the company. By building up your standing with the lender, they are more likely to trust you and will be able to speed up the process of borrowing even if you happen to be overseas at the time. However, this shouldn't stop you from using other companies either in the same circumstances.
The biggest priority for any payday loan company is to ensure that they are only lending to people who can afford to repay and won't disappear with the money. This is why they have rules on lending to consumers who live abroad. Whilst it's relatively easy to chase debts in the same country, this becomes far more challenging when they live elsewhere.
So the lenders will carry out some rudimentary checks on your employment, salary, bank details and all other personal information. At the end of this they will be able to accurately judge your risk and viability as a borrower. As long as you meet their minimum requirements, such as being over the age of 18 and earning in excess of 500, you should have no problems whatsoever.
Assuming you have access to your bank account whilst away on business, you should have no problems withdrawing the money on the same day. Just as when applying in the UK, payday loan companies will often be able to transfer funds within a matter of hours. So if you're in a tight spot whilst doing a little globetrotting there is a solution.
You will have to be a little bit careful though. Some companies can be stricter than others with regards to applications. When you're abroad, it is easy for anybody to see exactly where you are simply from your Internet connection. This can trigger a security warning, particularly if you're claiming to be a UK resident and they can clearly see that the application is coming from somebody hundreds, or even thousands of miles away.
This is why there may be additional security checks to go through, as mentioned before. As a customer, this should probably be seen as a good thing. After all, you wouldn't want somebody to borrow money in your name and then disappear off with it to another country. Equally, it will protect them from the exact same situation.
So if you are caught short when you're in another country for business, it should be possible to apply for a payday loan. Though it is important that you apply with a lender based in the UK, not where you're currently residing unless of course your bank is based there. As long as you are able to prove that your details are accurate and meet all of the necessary requirements, there should be nothing standing in your way of gaining acceptance and borrowing a little extra cash when you're overseas.
Vincent Rogers is a finance writer who writes for a number of finance businesses. For reliable payday loans, he recommends
Vincent Rogers is a finance writer who writes for a number of finance businesses. For reliable payday loans, he recommends
Friday, April 20, 2012
Albuquerque Lawyers Pre-settlement Lawsuit Funding
The cost of litigation in a personal injury lawsuit can be financially devastating for plaintiffs, not to mention the time involved in reaching a final settlement. Sometimes, cases drag on for years. If the injured person is unable to work and has expenses for ongoing medical care, they may need money long before their lawsuit settles.
One way of obtaining funds is through pre-settlement funding, which enables plaintiffs to make ends meet without worrying about financial ruin.
Pre-settlement litigation funding is provided by a funding company to a plaintiff prior to a final settlement. The main focus of a lawsuit funding company is to provide cash advances to cash-strapped plaintiffs, who find their physical and financial lives turned upside down by an accident injury.
Funding companies are very selective in choosing cases to fund as the money they provide is offered as non-recourse funding, meaning plaintiffs only pay back the money, plus fees, if they receive a monetary settlement, and they only have to repay up to the amount of their share of the settlement in the event that the settlement is smaller than anticipated.
The loan company will do an assessment of the case to determine the likelihood that it will be decided in the plaintiff's favor. Based upon the information provided, the company estimates the value of the eventual settlement, and offers a cash advance to the injured person based upon that estimate.
The fee may be a flat fee, or a monthly fee that accrues each month the loan is outstanding. When the case settles, the loan and associated fees are paid to the loan company. For legal reasons, these advances are not characterized as loans and a lawsuit funding company is not part of a law firm.
Due to the risk involved in non-recourse funding, the fees associated with it can be significant and there are some attorneys who advise their clients against it because it is expensive and they do not want this burden to possibly compromise their case. These attorneys feel that if lawsuit funding does become necessary, it should be obtained in the smallest amount possible, not for any amount the plaintiff desires. Pre-settlement funding is serious business; it is not "fun money".
Fees will vary depending upon the company and the type of case. Some companies will fix the fee for the advance up front. Others will charge a monthly fee for each month between the time the funding is issued and when it is repaid, sometimes as high as 15% per month.
Litigation can take a very long time. Given the fees involved in pre-settlement funding, it is important for injured people to consider all other possible alternatives beforehand.
An obvious question might be why can't injured people borrow money from their lawyers? State bar associations prohibit this because when a lawyer becomes a creditor to a client, a conflict of interest is created that could interfere with the attorney-client relationship.
In order to avoid laws against charging excessive rates of interest (usury laws), the funds you receive from a pre-settlement funding company will not be described as a "loan". Other terms are used, such as "cash advance", 'investment", or "venture capital".
Technically, as the contract is not to repay the amount received but is instead a promise to pay a portion of any eventual verdict or settlement, plus a fee (which may never occur). No matter what happens, a person who receives pre-settlement funding keeps the full amount of the advance.
Because of the high cost involved, any decision to accept an advance should be made very carefully. Fees will vary, so when seeking pre-settlement funding, it makes sense to check with several companies, to obtain the lowest possible fees.
One way of obtaining funds is through pre-settlement funding, which enables plaintiffs to make ends meet without worrying about financial ruin.
Pre-settlement litigation funding is provided by a funding company to a plaintiff prior to a final settlement. The main focus of a lawsuit funding company is to provide cash advances to cash-strapped plaintiffs, who find their physical and financial lives turned upside down by an accident injury.
Funding companies are very selective in choosing cases to fund as the money they provide is offered as non-recourse funding, meaning plaintiffs only pay back the money, plus fees, if they receive a monetary settlement, and they only have to repay up to the amount of their share of the settlement in the event that the settlement is smaller than anticipated.
The loan company will do an assessment of the case to determine the likelihood that it will be decided in the plaintiff's favor. Based upon the information provided, the company estimates the value of the eventual settlement, and offers a cash advance to the injured person based upon that estimate.
The fee may be a flat fee, or a monthly fee that accrues each month the loan is outstanding. When the case settles, the loan and associated fees are paid to the loan company. For legal reasons, these advances are not characterized as loans and a lawsuit funding company is not part of a law firm.
Due to the risk involved in non-recourse funding, the fees associated with it can be significant and there are some attorneys who advise their clients against it because it is expensive and they do not want this burden to possibly compromise their case. These attorneys feel that if lawsuit funding does become necessary, it should be obtained in the smallest amount possible, not for any amount the plaintiff desires. Pre-settlement funding is serious business; it is not "fun money".
Fees will vary depending upon the company and the type of case. Some companies will fix the fee for the advance up front. Others will charge a monthly fee for each month between the time the funding is issued and when it is repaid, sometimes as high as 15% per month.
Litigation can take a very long time. Given the fees involved in pre-settlement funding, it is important for injured people to consider all other possible alternatives beforehand.
An obvious question might be why can't injured people borrow money from their lawyers? State bar associations prohibit this because when a lawyer becomes a creditor to a client, a conflict of interest is created that could interfere with the attorney-client relationship.
In order to avoid laws against charging excessive rates of interest (usury laws), the funds you receive from a pre-settlement funding company will not be described as a "loan". Other terms are used, such as "cash advance", 'investment", or "venture capital".
Technically, as the contract is not to repay the amount received but is instead a promise to pay a portion of any eventual verdict or settlement, plus a fee (which may never occur). No matter what happens, a person who receives pre-settlement funding keeps the full amount of the advance.
Because of the high cost involved, any decision to accept an advance should be made very carefully. Fees will vary, so when seeking pre-settlement funding, it makes sense to check with several companies, to obtain the lowest possible fees.
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