What is Personal Financial Planning?

Personal financial planning is the development and implementation of total, coordinated plans for achieving one’s overall financial objectives. The term private wealth management also is increasingly being applied to this process, particularly when it involves larger investment portfolios and estates.

Most people use a variety of financial instrument to achieve their objectives. Thus, such basic financial tools as common stocks, bonds, mutual funds, insurance, fixed and variable annuities, money market accounts, certificates of deposit,saving accounts, individual retirement accounts, qualified retirement plans and other employee benefits, personal trusts, and real estate may be elements of soundly conceived financial plans.

Also involved in the planning process is the development of personal financial policies to help guide a person’s financial operations. An example of such policies in investments would be deciding what percentage of an investment portfolio is to go into bonds (or other fixed – dollar securities) and what percentage into common stocks ( or other equity-type investment). Another example, involving life insurance, is that a consumer may want to purchase mainly cash value life insurance or decide to buy mostly term life insurance and place the saving dollars elsewhere. Unfortunately, many people do not follow consistent policies in making these decisions.

In financial planning, people consciously or unconsciously make assumptions about the current economic climate and what they think the economy holds for the future. A commonly held view,for example, has been that the u.S. Economy generally will experience real long term growth, accompanied by at least some price inflation, for the indefinite future. On the other hand, others may fear that economic conditions will change at some point they may plan their financial affairs accordingly.

Ensure Easy Financial Life through Debt Management Plan

In these days of consumers’ tendency to over spend, debt pile-up is no longer a surprise for either borrower or lenders. The attention therefore has shifted from debts to its management. People with varying financial backgrounds are seeking help in effective management of debts. Debt management plan has become part of almost every borrower’s priority who has been reeling under burden of debts. Main aim of debt management plan is to keep debts at affordable level for the people and then make efforts to eliminate them.

You can make debt management plan either yourself at its primary stage or take help of expert of the field. Generally if debts are smaller, you can work out a plan of your own to manage and get rid of them with cutting on expenses and saving money to clear debts. If, however, debts are larger, then plan should be made with an expert.

While making a debt management plan, first of all calculate your debts including interest to be paid on it. Take help of an expert. There are many companies offering debt management services, you can benefit from their experience. They can advise you on the tools for managing and eliminating debts.

There are many ways to manage debts at bearable level. If you use number of credit cards, especially of higher interest rate, reduce them to the minimum. You can ask Credit Card Company to reduce interest rate and most probably they will agree to keep the customer. Credit cards encourage you to over indulge in shopping so instead use debit card as you can not spend more than the amount you have in your account. Also you do not pay any interest on debit card.

The best way of managing debts is to eliminate them in one go. Under this effective debt management plan, the borrower takes a fresh loan at least equal to debts. This debt consolidation loan is taken at lower interest rate and with it pays off debts immediately. This way the borrower now pays monthly installments to only one lender instead of paying to different lenders. Since the new loan is taken at lower interest rate the borrower saves lot of money also as he no longer pays higher interest rate on previous debts.

You can take cheaper finance through home equity loan to pay off debts. This loan is available at very low interest rate which enables in lessening debt burden significantly.

Above all prepare a budget for your expenses that tallies your income. Never go for over indulgence in buying each and every thing at least till you clear debts. Strict financial discipline will see you through debts.

Debt management plan may have many more features depending on one’s financial conditions but common among them is will to execute the plan with full might. Half hearted approach in fact can land you in more trouble. Also while choosing Debt Management Company, make sure that it has necessary experience for the job.

The Easiest and Safest Online Casino Payment Methods

Depending on the website’s guidelines concerning its online casino payment methods and how much money you can withdraw at one time, payment methods vary and you should examine them before doing business with that company.With advanced digital technology available to process financial transactions in real time, it is easy for professional scam artists to find ways to procure information about someone’s bank account and perform computerized robbery. Knowing whether a casino site is legitimate is vital to maintaining the security of any online financial transaction.DepositsDepositing the money used to play online casino games generally consists of setting up an account by supplying pertinent information to the site. However, before depositing money, gamblers should check out the legitimacy of the site. Always use other methods besides credit cards to deposit funds.All major credit card agencies carry restrictions regarding authorization of direct payments to online gambling sites. They would rather customers employ a secure third party site that has verified a particular online casino for the purpose of depositing funds.WithdrawalsWhile casinos readily take your money so you can gamble on their site, they tend to limit the ways in which you have money returned to you. Some casino online payment methods electronically transfer funds directly to your bank; mail you a gift card or prepaid card containing the balance they owe you; or they may simply mail you a check. With a prepaid card, you would just need to take it to the nearest ATM machine and withdraw the cash in the same manner you would a debit card. Online casinos never return money by electronically transferring it to a credit card.Casino Online Payment Methods – NetellerNeteller allows individuals to send, deposit and withdraw funds. Setting up an account is necessary to use the site, after which you can transfer funds using your debit card or credit card. Credit card transfers will cost you 1.75 percent with every transaction. Bank transfer fees may be applicable according to your bank’s rules. In addition, foreign exchange transactions are subject to, a 2.5 percent fee plus the interbank market rate for that day. Neteller is not yet available in the United States.Automatic Clearing House (ACH)Available only to United States, U.S. territories and Canadian residents, an ACH is a secure automatic bank transfer to use when sending money to an online casino. Associated with the Federal Reserve and Electronic Payments Network, NACHA, an organization authorizing these types of electronic transactions, mandates guidelines that the ACH is obligated to follow. Fees are sometimes applied to an ACH transfer, depending on the financial institutions involved.Other MethodsOccasionally, an online casino will accept payments, which are sent by debit card, online or over the phone using your bank account information through another provider. Additional online payment methods include Moneybookers, UKash, Click2Pay or PayPal.Remember to check the reputation of an online casino website and the casino online payment methods before giving them your bank information and money. Be safe and good luck!

Online Scams – Top 5 Scams Revealed

Scams are becoming bigger and bigger in the online society. Everywhere you turn there seems to be a new program promising you millions or things you could only dream of. I am here today to point out just a few of these scams to help you save your money. Don’t waste your money on these, I have wasted plenty on all different types of scams. Here are The top 5 biggest scams:–1)Foreign Lottery scams
The more I look online the more types of these scams I see everywhere. I don’t know how the buzz was created with these, but I have never met ANYONE that has actually made money from this. There really is no way to predict the lotto.–2)Car Buying Scams
Basically with these they will pretend to be overseas or far away from where you are. They really try to convince you to let them send a cashiers cheque. (They will never have any real life contact with you) The problem with this is 99% of people doing this are sending cheques from stolen or forged bank drafts.–3)Casino Slot Scams
The gambling online business today is HUGE, and with any large market there will be people trying to rip others off as well. There are many ebooks out there that promise to show you how you can make money from Casino Slots. You really can’t predict the slot machines There is no mathematical formula for them. Please don’t let anyone tell you otherwise.–4)Online Dating Scams
Sex is the biggest selling thing on the internet, and it is true that sex does sell. Many of the larger websites are getting more and more “fake” people on them that will message you become your friend, then BAM hit you with a “come see me on my cam” If you go outside of the website you are dealing with like yahoo messenger or aim to talk to them and click one of the links, you could put yourself in a lot of trouble. Best bet is to just stay away from them all together.–5)Myspace Scams
Myspace Scams are a lot like the online dating scams. A Very attractive girl will ask you to be her friend, pretend to make fake posts, and soon after hit you with a “come see my on my cam, contact me on yahoo messenger at ______” Again Just stay away from these. I have seen friends spend over $1000 within minutes on these.As you can see in the world today there are always people trying to cheat you or the system. I do my best to try and help you make informed decisions. Good Luck in whatever you do, and remember if it sounds to good to be true, it probably is.

Poker Affiliates – CPA Or Revenue-Share? Don’t Be Taken in by the Quick Buck

The most popular method of earning for poker affiliates is through CPA. Although CPA is a great short term gain, it really can hurt the affiliate in the long run. An affiliate who is serious in the poker affiliate world referring good qualifying players to recognised brands will make more money over the space of 18 months from a revenue-share deal rather than a CPA deal.The escalating cost of acquiring poker players makes some CPA deals quite attractive. However you need to keep in mind one thing and that is the companies are willing to pay these CPA rates in the understanding that the players will make them more money in the long run than if they offered you a revenue-share deal.I have been in the online gambling industry for over ten years and during my time I have seen some small affiliates earn large amounts from a select few players. Luckily these affiliates choose revenue-share so they continued to earn money from the players they referred far after they continued sending depositors. One good poker player can easily generate in excess of a $1,000 a month in rake, where if you were paid CPA you would have earned just a one off payment from that player, whereas with revenue-share you will continue to earn for the life of the player.Choose revenue-share over CPA as in the long term this is a winning option for an affiliate sending qualified players. The average revenue-share amount is 25-35% commissions for life of the player.If you bring an average of 10 depositors in a month and were to make $200 CPA for these players you would earn $2,000. However with the same players if they generated an average of $75 a month in rake each ($750 a month total in rake). You will earn an average of 30% of $750 coming to a total of $270. The players are likely to stay with the same poker room for a couple of years, meaning you would have made $3,240 in commissions in the first year alone. This is $1,240 greater than you would have made by a generous CPA offer.If this argument is not convincing enough for you to consider working with affiliate programs on revenue-share you should take a moment to think how you would feel should you refer that all important VIP player that generates $1,000 EURs a week in rake you got paid a measly CPA.A major risk factor affiliate managers need to consider when working on CPA is the potential of CPA fraud. This is when an affiliate deliberately creates a CPA deal with a program with the intent of defrauding the program). Programs have overcome this problem by setting up limits/rake which needs to be generated before the CPA is released, but the potential for abuse still exists.As an experienced poker affiliate manager I find the ones who work strictly on revenue-share have more value, however I do cater for both. Some of the large poker affiliates earn six figures a month, and a majority of their commission check comes from players they referred twelve months back.This article was written by Simon Eaton the affiliate manager for bet365 poker affiliate program.