6 Vital Reasons Why You Need A Financial Advisor

07 June 2019

Having a financial advisor is one thing that can help you manage your finances and make the right business decisions. Many are times when we make financial decisions; we end up messing hence the need for someone who can help us. Here are the essential reasons why you need a financial advisor.

1. Financial Training:

Most of us do not even have a rough idea on why we need to manage our finances and the in and see it of our investments hence the need for us to undergo through some financial training. Most financial advisor Atlanta GA will first start by training you on what finance is all about. Such financial training is vital for it will open you up to the field of finance hence empowering you with business knowledge that is essential even when the financial advisor is not available.

2. Gain from the Financial Advisor’s Experience:

Many financial advisors have helped so many people manage their finances hence they know the best ways to manage personal finances and get fruitful results. With a financial advisor, you can tap into their commercial experience and exposure. This enables you to learn better ways of handling your finances. Such disclosure will help you wisely do your financial dealings, avoiding financial pitfalls that have trapped many.

3. Get Financial Advise:

A good financial advisor is knowledgeable and knows the various elements of the financial industry; hence, can offer you helpful financial advice. With a financial advisor Atlanta GA, you get to know the best places to invest in. Also, the financial planner can show you the various industries that are risky and the ones that are not risky, helping you not to invest blindly.

4. Offering You Tax Advise:

Taxation is one key topic that has remained misunderstood by many, yet it has a significant impact on our finances. By working with a financial advisor, you will get advice on how to manage your tax liability, making you avoid pursuits from the taxman and their associated penalties. With proper tax management, you can even make some tax savings that will help you get some extra money that you can use elsewhere.

5. Research:

Most financial advisors will do intensive research regarding the various fields of finances. By working with such financial advisors, you will get to benefit from their study making you understand the area of funds. You will, therefore, avoid making the wrong financial decisions.

6. Receive Investment Advise:

A good financial advisor will teach you about Investments and advise you on what industries you should consider investing. With such knowledge, you will invest in Investments that will give you returns and not cause you to suffer losses. By investing right, you will get good performances that will lead to a significant increase in your income, the desire of everybody.

7. Leads to Your Financial Growth:

Economic growth comes as a result of knowing what you should invest in, how to manage your outflows, and how to manage your inflows. Working with a financial advisor will expose you to all these areas. You will, therefore, grow financially and you can, as a result, make wise financial decisions.

Conclusion:

Having a financial advisor in your economic life is of great benefit. You will grow financially and get to know how to make wise Investments decisions. You need to get yourself a financial advisor.

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Bitcoin’s 10th Birthday: Does Satoshi Nakamoto’s White Paper Still Hold Relevance?

For the Bitcoin enthusiasts asking how come Bitcoin was celebrating its 10th birthday when it was launched in 2008. Well, you are right about the fact that Bitcoin was launched in 2008, but it was not on the open-source network. It was 2010 when Satoshi Nakamoto gave the reign of Bitcoin to open source and disappeared in thin air. This is why 2010 was considered the unsaid official year when Bitcoin was introduced to the world. In this article, we revisit Satoshi Nakamoto’s original paperwork and see if it still holds any resemblance to the current Bitcoin industry. Bitcoin’s 10th Birthday - Satoshi Nakamoto Vision Previous attempts to make digital currency came close to fruition, but the projects never ended positively. Whenever people thought they had created a digital currency rivaling the fiat currency, one major problem keeps surfacing: the need for a trusted third-party platform. This is where Satoshi’s white paper solved the problem by distributing the process of maintaining a transparent network of the public ledger. The system is secure as long as an online miner does not control the mining operation by more than 50%. Was The Vision Accomplished? The white paper itself was not explicit about the goals. The main goal of creating a digital currency was to attain a secure form of online cash that doesn’t depend on a third party for any validation. This concept has already been demonstrated by the digital currency Bitcoin. The only question remains, to what extent will it be adopted? A clue to that question lay in the recent event when Venmo started accepting Bitcoin and other Cryptocurrencies. Not only Venmo but also PayPal and Square have also announced plans to add features where the user can efficiently use these platforms to send and receive Cryptocurrencies. Furthermore, countries like South Africa are experimenting with applications and platforms like bitcoin code, which may help people who don’t have a bank account. Satoshi Nakamoto's Vision has been fulfilled to some extent, But will Bitcoin permanently replace fiat currency and become the first global currency? That is something we must wait and watch. Bitcoin: The Most Revolutionary Fintech Project In The World According to Nakamoto's vision, the external validation from an institutional organization can be replaced easily by a more innovative and safe Cryptographical approach. This means the sender and receiver will share a bond of trust in the cryptographic network. Unlike the concept that Bitcoin is a coin, the true definition of Bitcoin is the digital signature. Every time you receive a Bitcoin, it carries the signatures of its previous owners. These digital signatures prove that nobody can double-spend the same Bitcoin. Bitcoin’s 10th Birthday - The Next 10 Years Of Bitcoin In the past ten years, we have seen Bitcoin reaching meteoric heights and historic lows. The volatility of this digital currency has attracted the imagination of everyone, from investors and traders to hackers. Everyone is looking for ways to reap the benefits of the new industry. For instance, investors are trying to engage with the news industry to have the upper hand in the future, governmental organizations are trying their best to keep the citizens out of the adverse effect of Cryptocurrencies, and hackers are trying to use the loopholes to make money. In these ten years, Bitcoin has established itself as one of the top digital assets. In that light, the next ten years promise to be historic. This is primarily because of the changes which are expected to happen in the near future. Final Thoughts While Bitcoin has supposedly moved beyond the EARLY phase, there is a still larger picture to look at with the involvement of bigger names. Now that the popularity of Bitcoin and other Cryptocurrencies is soaring high, it would be safe to imagine that it could create a climate for a more investment-centric look-in. But, then again it would take more than just a statue and a few announcements to solidify its position. What’s needed more today is the targeted approach to better understand Cryptocurrencies' concept, security issues, and investment-specific perks. Read Also: 5 Awesome Facts About CryptoCurrency Investors Agree: Gold And Silver Is The Way To Go How To Care For Your Eye In 5 Medically Proven Ways

Why Buying or Selling Gold Online is a Wise Move

Buying or selling gold has an element of risk involved, and it does make sense to minimize these risks as much as is practically possible. Rather than spending half the day driving around looking for gold dealers, the Internet offers a quick and easy way to make contact with a reputable gold dealer and they will help you out there how to buy precious metals. However, you do need to be sure that you can visit the dealer's offices, at least one time, to ensure that they are actually an established gold dealer. Why Buying or Selling Gold Online is a Wise Move: Save Time: Using Google, you can compare the spot price of gold with as many dealers as you wish and that would take you only a few minutes. If you wish to buy & sell gold jewellery in Adelaide, there is a long-established gold bullion dealer with offices in the CBD, where you can visit their offices and carry out the transaction. Once you have found a respectable gold dealer, you can visit their offices any time that you wish to buy or sell gold, safe in the knowledge that you are dealing with a reputable organization. Taking the Best Deal: Gold prices change by the minute and by using the Internet, you can quickly ascertain which dealer is offering the best deal, whether you are buying or selling. There are some online organizations that offer a seemingly good deal to buy gold, and they ask you to mail it to them using the pre-paid envelope they send you. Some of these are scams and they will accept your gold, then pay you a lot less than it is worth. These organizations are called ‘mail-in gold dealers and they should be avoided, as there is a chance that you will be cheated. You are strongly advised to visit a reputable gold dealer’s office, where you can take possession of the gold you are buying, or receive the right amount of cash for the sale. Credibility: Whether you are buying or selling gold, credibility is something you look for in a gold bullion dealer, and taking a look at their website can help you identify the dealers that are, in fact, reputable. They would obviously display the address and location of their registered office, and this is something you can check on very easily using Google Maps or any other online map application. Taking Physical Possession of your Gold: When buying gold in any format, it is important to take physical possession of the gold at the time of purchase and providing you stick to that rule, you should always be sure that you are getting the purity and the weight that you are expecting. One should always establish that the gold bullion dealer is everything he claims to be. Once you have done that, you can deal with an online gold dealer with the confidence that all is above board. Read Also: Gold: Choose Your Jewellery Carefully Make Your Savings Goals Come True With Gold

The Basics of Restaurant Equipment Financing

When opening an eatery, there is some basic restaurant equipment you'll want to invest in financially. Restaurant equipment financing, in particular, is a loan that is used to purchase business-related equipment. If you're starting a business, you will want to find a lender who will allow you to finance your new equipment to pay the total sum off in monthly installments and perhaps add a warranty that will then protect your purchase in case of emergencies. Most business owners, even those that aren't restaurant-related, have utilized the benefit of restaurant equipment financing. Purchasing equipment outright can put a substantial strain on your savings, which then, in turn, can impact your cash flow. This is one reason why it's always good to have a great credit score because, during times like these, you'll need it to get financial support, such as a loan, for equipment. Being a restaurant owner takes hard work and dedication. Here are some of the basics that you will need to know about restaurant equipment financing. How does it all work? As a customer, you've probably never wondered how much a pizza oven costs or how the pizzeria even paid for the grill when you go to a hibachi. Well, 9 times out of 10, that equipment purchase came from a lease payment. When a lender pays a monthly payment for their piece of equipment rather than the full purchase price, this is considered a lease payment. If you have a successful restaurant, then you'll have no problem with your equipment finance loan. Some businesses even make an account with relevant companies for equipment leases because they're thriving that much. The only downside is if you have bad credit, the chances of opening your dream restaurant are slim to none unless you're able to afford a down payment large enough to show the financial institution that you're financially reliable and stable. Don't forget, it takes a lot of money to open a restaurant, and you can always be in search of a borrower, who is someone you can either partner up with or payback in the future after your business begins to boom. You can consider it a business loan if you don't have good credit. When you finance your kitchen equipment, don't forget that they will perform a credit check. If you have good credit, then you're in the clear; your credit report will come back, allowing you to choose the best options you'll need for your new restaurant. However, if you have bad credit, you can try to find a lender willing to partner with you. When you have a good idea and believe that your new business may make a lot of money, your potential partner will be more apt to go into business. What type of equipment will I need? You can either hire specialists who know the industry or if you have enough experience, you should already know what you'll need. You will need to purchase some startup items for your new restaurant. You'll want to buy products such as refrigerators, freezers, pots, pans, an oven, stove, deep fryer, plates, silverware, and more. You will want to shop around a restaurant equipment finance company or two to determine the exact amount you will need to take out for a bank loan. Also, if you want to save on delivery, you can hire your own food trucks to deliver your groceries or livestock, depending on what type of restaurant you plan on opening. Qualifying for the Equipment Loan: Every lender is going to vary depending on the amount needed for your equipment loan. Since a lender will check your long-term credit history and see if you're capable of making affordable monthly payments, you can check to see if you qualify on your own by checking your own credit history online. Many companies apply for loans for restaurant equipment financing in the restaurant industry because opening businesses cost so much money. The leasing company will look at your business plan, and if they decide to move forward, you will then need to sign a lease agreement for your startup business. They will also charge an interest rate, and most of the time, there will be a section in your lease contract noting the interest rate that is decided upon. Research the Best Financing Options When it comes to securing the right loan, you shouldn’t just settle for the first option that comes your way. Researching the best financing options for your restaurant equipment is essential. Lenders will vary, so take the time to compare interest rates, repayment terms, and any hidden fees that might sneak into your contract. Some lenders specialize in helping startups and offer more flexible terms, while others cater to restaurants with much established credit. Ask around! Networking with other business owners can give you insider information on the best lenders in your area. Remember, signing on the dotted line locks you into a long-term commitment, so make sure it’s one you’re comfortable with. Boost Your Credit Before Applying If your credit score isn’t quite where you want it to be, don’t panic. You can take steps to improve your credit before applying for restaurant equipment financing. Start by paying off any existing debt and ensure you pay every bill towards a better score. Also, check your credit report for errors and dispute them if needed. Raising your credit score may take some time. However, doing so will open the door for better loans with lower interest rates. Therefore, saving you money in the long run. Improving your financial health now can set your restaurant up for future success. Take Advantage of Tax Deductions One aspect many new business owners overlook is the potential tax deductions available for restaurant equipment. The IRS allows businesses to deduct the cost of major equipment purchases like ovens, refrigerators, and other kitchen appliances. By writing off these expenses, you can significantly lower your tax liability at the end of the year. Consult with a tax professional to ensure you’re fully utilizing the deductions. These deductions can provide a much-needed financial boost, especially in the early stages of your business, keeping more money in your pocket when you need it most. Plan for the Unexpected While no one wants to see that their restaurant is not thriving, it’s always a smart move to plan for the unexpected. Therefore, read the fine print on your equipment leases and loans to understand what happens if business slows down or, in the worst case, you must close. What happens then, if your business is your loan collateral? Some lenders offer equipment return policies or flexible options for resale. Knowing your options in advance will prepare you to handle any bumps in the road. Having a backup plan doesn’t mean you’re expecting failure! No! It simply means protecting your investment and planning for a sustainable business future. Read Also: How Restaurant Space Landlords Can Be Successful Online Ordering Systems Setting the Trend for Restaurants 6 Tips to Maximize Refrigerator Use in Your Restaurant

6 Vital Reasons Why You Need A Financial Advisor

1. Financial Training:

2. Gain from the Financial Advisor’s Experience:

3. Get Financial Advise:

4. Offering You Tax Advise:

5. Research:

6. Receive Investment Advise:

7. Leads to Your Financial Growth:

Conclusion:

6 Ways to Get the Best Deal from Your Licensed Moneylender

Make Your Savings Goals Come True with Gold

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Related

Bitcoin’s 10th Birthday: Does Satoshi Nakamoto’s White Paper Still Hold Relevance?

Why Buying or Selling Gold Online is a Wise Move

The Basics of Restaurant Equipment Financing

6 Vital Reasons Why You Need A Financial Advisor

1. Financial Training:

2. Gain from the Financial Advisor’s Experience:

3. Get Financial Advise:

4. Offering You Tax Advise:

5. Research:

6. Receive Investment Advise:

7. Leads to Your Financial Growth:

Conclusion:

Share this Article

6 Ways to Get the Best Deal from Your Licensed Moneylender

Make Your Savings Goals Come True with Gold

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related