Published on: 27 November 2018
Last Updated on: 09 October 2020
You’ve probably gone to your computer to research online payday loans in Texas and instead been met with a barrage of negative information regarding payday loans. Most consumer advocates demonize this type of finance, saying it is predatory and that it needs to be banned because it does not help the average consumer. That is not true at all.
Repeat Customers:
What most detractors of the finance system do is that they focus on the supply side of this business. They don’t look at the demand side, which grows stronger and more demanding every day. What is it that makes borrowers come back for payday loans repeatedly?
In order to answer that question, you need to have an intimate understanding of the average borrower that relies on payday loans. This is typically a low to medium income earner whose wages cannot cover surprise expenses such as a broken-down car, medical expenses, or emergency funding for your business. They typically don’t have savings or investments or even the same incentives to save and invest that higher-income earners have. Their real wages have been on the decline since 1972, and so they find it harder every year to make ends meet adequately. Moreover, traditional banks have all but abandoned them and won’t touch them with a 10-foot pole — not since the financial disaster that began sometime in 2007. What recourse is there for such a consumer? What can they do and who should they turn to when their backs are against the wall?
Watch Out for Predatory Lending:
To be sure, there are some unscrupulous payday lenders that take advantage of borrower’s situations and harass them, making them live in constant discomfort over their loans. They also encourage them to borrow a lot more than they can ever hope to pay back, just so they can roll over the loans or take out other loans to pay the initial ones back and get trapped in a constant cycle of debt. But this isn’t all lenders. To begin with, the lending industry is well regulated with lenders being required to follow strict rules on what they can say or do when trying to recover their money from a borrower. They also aren’t allowed to take borrowers to court in many states.
The good lenders are having their name tarnished by a combined team of bad lenders and so-called consumer advocates who don’t quite understand or empathize with the dire situation of the low-income earners who need these loans.
These are people who typically have neither good credit nor friends and family from whom they can borrow money or ask for help. The payday loan is their last resort. Would it be fair to take that last resort from them and give them no alternative to replace it?
Take Only What You Can Pay Back:
There are also many borrowers who take just enough money to meet their emergency needs. They make sure it is something they can pay back with their paycheck, and they pay it all back on time. Just like there are lenders who encourage borrowers to take only what they can reasonably pay back, and do not harass them when they run late on payments. Payday loans are not evil. They are a quick solution to many of the needs of a certain otherwise abandoned section of society.
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One simple way to define a Green Card renewal is thinking of it in terms of residency. This residency is subject to a ten-year term. The US government prints the details of the green card on the front facing side. This also houses the expiry date. The government states that the renewal of the green card must be done before the last six months of the expiry date. This needs to be done in order to maintain permanent residency in the United States.
Important Steps You Need To Follow For Green Card Renewal
There are several essential steps you have to follow while you go for the green card renewal.
Green Card Renewal Fee
The cost of renewing the green card or replacing includes the filing fee. It also takes into account the biometric fee. The renewal fee must be deposited with its application Form I-90. The standard mode of payment is through a check or through a payable money order. You have to take care of the green card renewal fee while you are investing money in that.
How to Renew Green Card
You can in the application online, or do it through a physical application process. The form, which you would need to complete and submit is termed as Form I-90.
Online Renewal of Green Card: The green card renewal application can be submitted online by visiting the official department website. You also have the option of completing the payment through a payment gateway by using your credit card.
Mailing paper application: This is a long and cumbersome process. It involves downloading of the I-90 form. You need to fill out the complete form and mail it to the respective authorities. You also need to enclose the check or the money order while submitting the application.
People who want to be immigrants with their qualified family members, or a job offer or the employment or some special category would be classified in the categories depending on the preference system. Apart from the immediate relatives of the United States citizen, those are given the highest immigration priority and other exceptions a set of visas can be used every year for both the category of the immigrants.
Family-Based
If you are an immediate relative of a US citizen, there is no need to wait so that Visas become available. Immediate relatives of US citizens are allowed Visas at all times. There is no limit to the same. The categories of relatives, which fall within the purview of Green Card Renewal are as follows-
Parents
Spouses·
Unmarried children
Job or Employment Based
People looking to become the immigrants depending upon the job or the employment offer might apply for the permanent residence of the immigrant visa abroad when the immigrant visa number is available depending on different preferences.
To get the legal permanent resident status (green card) for the United States of America, you need to follow some steps-
Step 1- Authenticate the required documents
The required documents to apply for the green card include contracts, essential records, court orders, and educational diplomas.
Step 2- Check for eligibility criterion
The eligibility criterion depends on the immigrant category under which you are applying for the permanent resident status.
Step 3- Process for a general application form
The application form for the green card is required to complete a minimum of two forms. One is an immigrant petition and the second is green card application (Form I-485).
Step 4- Wait for application approval from USCIS
U.S. Citizenship and Immigration Services are responsible to approve for the green card application. You have to wait till USCIS doesn't approve your application form.
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In layman’s term, EOS happens to be one popular contrarian play, designed for crypto investors. It is perfect for those who are betting right on the long-term value. Some traders might compare the functions of EOS with that of Ethereum and even note the discrepancies in market cap. When comparing these two options, you will realize that EOS is here to offer better growth opportunities.
Ways to buy EOS:
There are four simple steps, which will help you to beli eos with ease. Make sure to go through the steps in detail and understand their points before making the final call on it.
At first, you need to find information on an EOS wallet, which you are planning to use. You need a proper place where you are likely to put them. So, make sure to find the best one in turn and there are so many options available lately.
Once you have come across the best EOS wallet, it is time to start working with the exchange. You need to find one that works with EOS that you can easily purchase it.
Now, the time has come when you need to put money into your current account. Funding your EOS account is very important and you need to be very careful regarding the moves to take.
For the last step, you have to make your necessary purchase. Read more to find out about the exchange and even all the possible wallet recommendations. You need to find the pros and cons of purchasing EOS before making a move.
Best ways to sell EOS:
If you are on the other side of the coin and planning to sell EOS, then there are some simple steps for you to follow as well.
At first, you need to sign up at the given altcoin exchange and start funding your account with EOS. You can even try to load EOS into Bitcoin ATM, if the need arises, which help you to cash out faster.
Now, you can sell EOS for Ethereum or Bitcoin, whichever platform you prefer the most. These two are the most widely accepted platforms for cryptocurrencies. It becomes a lot easier for you to access these sources for higher liquidity and volume.
For the next step, you have to transfer the Ethereum or Bitcoin to the main wallet after you have signed up and verified your usable account. Just click on the “funding” option available online and then follow instructions for Ethereum or Bitcoin, whichever one you are planning to fund with EOS.
Now, you can easily sell your Bitcoin for fiat currency, like Canadian dollar or Euro using some quick trading options. It just takes few clicks for you to sell the crypt currency with ease.
When you are done transacting, you can withdraw Euro or the Canadian dollar amount to your back account directly through the EOS wallet you have chosen. The “Withdraw” option is available online as well. Just click on it and then follow the given instructions to find the best result.
Ways you can trade EOS:
In this current market, there are practically two options while trading in the cryptocurrency market. You can either purchase actual cryptocurrency on exchange like purchasing EOS on exchange like Binance to own EOS on your own. Or, you can try to trade a contract for difference or CFD on any particular cyptocurrency and start working on the price difference. CFD is one proven financial instruction, which works more like a contract between broker and investor.
If you want, you can hold the long term position or the short term one. It is mostly considered as short-term investment as CFDs are widely used within a shorter time zone. So, for trading EOS CFDs, you need to speculate on the USD or EOS pairing.
Get the experts for help:
You need professionals to help you explore the world of EOS and help you to trade, buy and sell the EOS coin according to your will. Make sure to learn about this platform and then shift your gaze towards the perfect EOS wallet to choose from. The result will always work out for you.
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The traditional investment model is a flawed system, an old dinosaur that needs to evolve.
It’s time we reevaluate the conventional wisdom surrounding investments, which is overly fixated on businesses that are already successful and tragically shortsighted when it comes to companies teetering on the edge of growth.
In traditional investing, there’s an unspoken rule: the golden ticket to getting funding isn’t innovation or potential but a proven track record of making at least $10 million. This is a narrow-minded approach that does nothing more than stifle the very heart of our economy—small businesses.
Introducing sweat equity
Eight-figure entrepreneur, growth mentor, and innovative investor Tamara Loehr (www.tamaraloehr.com) bring a breath of fresh air to the world of investing. She’s not your usual investor who waits for businesses to reach millions before swooping in.
Instead, she actively seeks out businesses with potential and partners with them by investing her expertise and services to help them achieve growth and significant returns.
She calls this sweat equity investment, a unique model that’s a game-changer for businesses. Tamara doesn’t merely provide financial backup; she rolls up her sleeves and brings a wealth of expertise, strategic vision, and creative solutions to the table.
It’s a holistic approach that not only increases the likelihood of success for the businesses she invests in but also amplifies the potential returns for both the entrepreneur and herself.
By focusing on small businesses and collaborating with them closely, Tamara is paving the way for a new era of investing that champions small businesses and fosters a more inclusive and dynamic business landscape.
What is sweat equity?
Sweat equity is a unique investment model where investors exchange their expertise, resources, and time for equity in a business. Tamara came up with this innovative approach to investing after seeing how traditional methods often left entrepreneurs struggling to repay loans or lose equity in their businesses.
In this model, instead of investing cash, investors offer services to companies in exchange for a stake in their business. It's a win-win situation for both parties, as businesses receive the much-needed resources to grow, while investors gain a stake in a growing business.
Why sweat equity works
Sweat equity investment offers a unique and innovative approach to investing that can provide a range of benefits for both investors and entrepreneurs. If you're a creative investor looking to explore new investment opportunities, sweat equity investment is worth considering.
Entrepreneurial access to expertise
One of the key advantages of the sweat equity investment model is the access to expertise it provides to entrepreneurs. Founders have a strong vision and passion for their business but may lack skills or experience in areas such as finance, marketing, or operations. By partnering with a sweat equity investor with expertise in these areas, businesses can leverage this knowledge and experience so they can succeed faster.
Sweat equity investors like Tamara are experienced business owners who have a track record of building and scaling successful companies. They are looking for new investment opportunities that align with their expertise and interests and are willing to offer their skills in exchange for equity. This type of partnership allows entrepreneurs to access the expertise they may not be able to afford to hire on their own.
Entrepreneurs also gain access to an investor’s connections. These investors often have a vast network of contacts that can be beneficial to the business, including suppliers, customers, and other professionals in the industry.
Sweat equity investors also have a vested interest in the success of their investments. They are not just passive investors but active partners who are invested in helping their partners achieve their goals. This means that they are likely to be more involved in the day-to-day operations of the business, offering guidance and advice as needed.
Capital conservation
Instead of pouring all their capital into hiring consultants or buying equipment, businesses exchange equity for the expertise and resources they need. This approach can be particularly useful for startups and small businesses that may have limited financial resources.
When entrepreneurs team up with sweat equity investors, they’re essentially receiving support and guidance in exchange for equity. By doing so, they’re preserving capital and freeing up funds that can be reinvested in other areas of their business. This can be a game-changer, especially in the early stages of the business when cash flow is often a major challenge.
The value of sweat equity extends far beyond the immediate financial gain. Entrepreneurs gain access to experts who are invested in the success of their business and who can help build and grow the company over time. By leveraging sweat equity, they’re setting themselves up for long-term success and sustainability.
Risk mitigation
When it comes to investing, risk is always a factor to consider. However, the risk can be mitigated with sweat equity investments. Investors and entrepreneurs share the risks of a sweat equity investment, thereby reducing the financial burden of starting, growing, and investing in a business.
This shared-risk approach provides a safety net for entrepreneurs who may not have the financial resources to weather unexpected expenses or a downturn in the business.
And because the investor is a partner and has a vested interest in the success of the business, they are more willing to provide support during difficult times.
Overall, the risk-sharing associated with the sweat equity model can help entrepreneurs avoid bankruptcy or failure and increase their chances of success.
Long-term commitment
One of the most compelling reasons for exploring sweat equity investment is the long-term commitment it demands from both the entrepreneur and the investor.
In a traditional investment model, investors are primarily focused on achieving financial returns and may not have a vested interest in the long-term success of the business.
With sweat equity investment, both parties have a shared interest in the success of the business. The investor is contributing not just financial resources, but also expertise and guidance, which makes them invested in the company's future. This commitment from the investor can provide stability and security for the entrepreneur, who has a partner who is as committed to the business's success as they are.
This shared commitment also means that both parties are willing to work together through challenges and changes, adapting and evolving as needed. In essence, sweat equity investment creates a partnership based on a mutual commitment to the business's long-term success.
This long-term commitment is especially valuable for creative investors who are looking to invest in innovative, high-potential businesses. They have the opportunity to be part of something they believe in and help guide the company toward its full potential.
Credibility booster
Sweat equity investment is not just a way to conserve capital or mitigate risk, but also a chance to enhance an entrepreneur’s credibility. Customers and investors are more likely to do business with a company that has an experienced partner behind it.
This type of partnership can lead to a reputation boost that ultimately results in more opportunities for growth and expansion.
Aligned goals
With sweat equity, the investor becomes a stakeholder in the business and has a personal interest in seeing it succeed. This shared interest ensures that both parties are working towards the same objectives and helps create a more collaborative and supportive relationship.
When investors are only focused on financial returns, there can often be a misalignment of priorities with the entrepreneur. This misalignment can lead to conflict, mistrust, and a breakdown in the working relationship. With sweat equity, however, both parties have a vested interest in the success of the business. This shared interest can foster a strong sense of trust and cooperation between the two parties.
Also, when the investor is invested in the long-term success of the business, they are more likely to stick around and provide ongoing support and guidance to the entrepreneur. This can help the entrepreneur navigate the challenges of growing a business and accelerate the path to success.
Value-added mentorship
One of the key benefits of the sweat equity investment model is the personalized mentorship that investors inevitably provide to entrepreneurs.
For many entrepreneurs, starting a business can be overwhelming, and they may lack the necessary experience in certain areas of the business. This is where mentoring by a sweat equity investor becomes crucial. With their guidance and support, the entrepreneur can avoid costly mistakes and take the right steps to grow their business.
The mentorship also provides entrepreneurs with an outside perspective and a fresh set of eyes. This can help identify areas of improvement and opportunities for growth that may have gone unnoticed. Through regular communication, investors can hold entrepreneurs accountable and help them stay on track with their goals.
Ultimately, mentoring is a win-win situation for both parties. The entrepreneur gains valuable insights and guidance, while the investor can contribute to the growth and success of the business. With the right mentorship, entrepreneurs can take their businesses to the next level and achieve long-term success.
Takeaway
Sweat equity is a game-changing investment model that provides a host of benefits to both investors and entrepreneurs.
Tamara’s approach, which focuses on creating a long-term relationship between the investor and the entrepreneur, allows for a unique level of collaboration and expertise-sharing that traditional investment models cannot provide.
Not only does sweat equity offer a way for entrepreneurs to conserve capital and mitigate risk, but it also leads to an alignment of goals between business and investor.
As an investor, it's essential to explore this innovative approach to investing and consider incorporating it into your investment strategy. By doing so, you’re not only investing in a business but in the potential growth and success of the entrepreneur themselves.
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