Financial Turmoil We Struggle To Get Out Of

Struggling financially is one of the most common struggles that people have. And struggling financially then leads to so many other struggles that people have to try and deal with, such as problems with a social life, eating right, and mental health problems. It literally controls our life to the point where there’s not much that you can do without it.

So when you find yourself in a bit of financial turmoil, it can literally be one of the most stressful times of your life. When you feel like all you’re doing is borrowing money to pay off other bills, it’s a never ending spiral that ends a lot of people up in debt. Debt is such a serious problem in this world at the minute, that it’s estimated that two thirds of people are actually in debt right this minute.

So before it even gets to that point, we want to try and get you out of the turmoil that you’re in. There’s so many ways that you can work your way to financial freedom, where you don’t feel like you’re being consumed with debt and all of the other problems you might be facing. So if you’re desperate and looking for a bit of help, look no further. Here’s how you can get yourself out of the sticky situation that you’re in.

Battling With Debt

We wanted to start this by talking about debt, because debt is one of the biggest problems this world is facing. It’s not just those that are dealing with debt in terms of personal finances, it’s literally the whole world. Even those businesses that you think are doing so well, are struggling with debt behind closed doors.

So find comfort in the fact that you’re not alone, and there are plenty of things you can do to get away from it. The first thing that we’d recommend that you do, is go and talk to a financial advisor to help you out. Financial advice from a professional who is used to dealing with people who are struggling with debt at the minute is so important.

They can help you formulate that all important plan that will get you back into steady waters. The second thing that you can do, is cut access to all of the areas that you’re borrowing from. Half of the reason we’re in such growing debt, is because there’s so many access points to borrow money.

But if you ring those companies and ask them to freeze your account so that you can borrow no more, it cuts the ties that you’ve began relying on so heavily. It’s a simple solution that not enough people are trying!

When You’re Left Out Of Work

Being left out of work is one of the quickest ways to find yourself in debt. People can be left out of work for so many different reasons, but one of the most common at the minute is an injury at work. Especially those that are involved in a lot of manual labour, there always seems to be some sort of safety hazard, and there always seems to be someone out of work.

The Derrick Law Firm is just one firm you can turn to if you ever find yourself out of work due to personal injury that you know isn’t your fault. It can happen for any reason, but if you know that accident would have been preventable if the company had better measure in place, and you’re off work unpaid for a few weeks, then what have you got to lose.

You could win a case that would give you the finances you need to carry on living, whilst you can’t work!

Dealing With The Emotions That Come With It

The emotions that come with it is something people don’t talk about enough. People love to talk about the financial situation they’re in, but not truly how it’s making them feel. But the emotions that come with it can quickly lead to mental health problems, and it’s those that you need to try and combat.

So to make sure that you stay on top of your mind through all of this, make sure that you’re speaking to those around you about how it’s making you feel, rather than the situation itself. It’s so good to speak out about issues!

Even if it just be a free help advice service that you’re talking to because you don’t want to talk to those that you know, it’s still good to get it out in the open!

Cost Effective Marketing Options

Below, we are going to take a look at some cost-effective marketing options for your business…

Getting your website sorted

The better the website, the more money it will help you to make, so it is an essential part of your marketing. One important thing to remember is to keep it simple – don’t make your visitors work too hard.

To do this, SEO and PPC are a must. Use script tools for Google Ads to get started. If your site is not optimized, you won’t be visible.

When people come to a business website, most of the time they know what they want, at least in part. Web design options need to reflect that.

There is no point in making things difficult for your visitors who are there because they want to know more about you or to purchase something from you. If your web design is too complicated, then they will often go elsewhere. 

Don’t use crazy designs that hide menus in strange places, for example, or make them almost invisible. This will not help you to guide people to the pages you want them to see.

If you are aiming to sell online, then you need your website to reflect that, and make the shop the main focus. If you prefer to sell face to face or you have a bricks and mortar shop, then again make it clear how this can be found.

It’s imperative that you don’t confuse your visitors – always let them know what you do and how you do it. No one wants to go to a website and spend 30 seconds or more searching for the information they need or the page they want.

And they won’t want to click through a number of pages either. Keep menus focused and user-friendly.

Create business posters

There are generally three options to choose from when creating a poster; you can create it yourself, you can hire a designer, or you can use an existing design. The latter is undoubtedly one of the most popular options.

Nowadays, a lot of companies that provide online printing services are also supplying free or inexpensive poster designs for companies to take advantage of. This speeds up the process and makes it a lot more cost efficient as well.

Another option is to create your own poster. Of course, you are going to need a considerable amount of time to do so. This solution is only advised for those who are passionate about the advert, i.e. perhaps it is for your band’s gig, and those with knowledge about design. You do want it to look good after all!

Last but not least, you could choose to hire a designer to create a poster for you. This can be very rewarding if they come up with an impressive design, but it can also be very expensive and you are putting your trust in someone else’s hands. Considering most people choose poster marketing because it is cost effective, hiring a designer does not always fit the mould. 

Can BitCoin Still Be Lucrative?

Cryptocurrencies have been on somewhat of a rollercoaster over the last few years. With countless setbacks, thefts, and issues which impact public opinion, it’s amazing that BitCoin has been able to survive the chaos, let alone maintain its value.

A lot of people have been able to make a fortune out of this strange currency, and the market is always growing and changing. Of course, though, it’s crucial that you consider whether or not you’ll be able to make money with it before you invest. Is BitCoin still lucrative?

The Competition

The first area to consider when trying to answer this question is competition. There are a lot of other miners out there, and plenty of newer cryptocurrencies which would also steal the stage.

Of course, though, given that the market for BitCoin doesn’t depend on whose mining it, this shouldn’t put too much of a barrier between you and your fortune. It will make the process more risky, as you could find yourself being undercut by other miners or currencies, and this can be a hard trap to get out of when you’ve already invested heavily.

The Operation

When BitCoin first hit the scene, mining it was possible with a powerful gaming computer. Times have changed, though, and the hardware which is used for this job has only been getting more expensive.

It’s often cheaper to simply buy an existing farm, nowadays, with up to date farms producing far more BitCoin than you might expect. Going down this route is nice and secure, but you will have to do some serious math to figure out if you will make money after you’ve bought the farm itself.

The Buyers

This next area is one which BitCoin certainly isn’t short on; buyers. Loads of people want to get their hands on this currency, whether it is for personal use or as an investment.

Websites like Bittylicious make it possible to handle this using automated processes, and this gives you the chance to sell your BitCoin without having to do any real work. Of course, though, you could probably make more by selling it by yourself.

The Future

One of the biggest challenges faced by cryptocurrency miners is predicting the future. Facebook is working on its own currency, and there are countless other examples of up-and-coming coins which can’t be ignored.

If you choose BitCoin this year, you have to be prepared to look at different coins next year, as this market can change in a heartbeat. Most people don’t understand the work which has to go into this area, and will assume that their investments will last forever.

With all of this in mind, you should be feeling ready to take on the challenge of making BitCoin lucrative. A lot of people struggle to understand this field, and this can make it dangerous when you’re first getting started. To solve this issue, you will need to learn a lot about digital money, and this could be a lot of work if you’ve never touched the field before.

How Putting Your Safety First Will Protect Your Money

Protecting your money is something you should be doing anyway, but did you know it’s not always in the most obvious ways that you can do this. Staying safe in all aspects of your life will protect your money because if you a reckless, it costs money.

Stay Safe Online

This is one of the obvious ones, but still very necessary. IF you’re someone who uses the same password for all your accounts – Amazon, eBay, Asos, then if you have ticked the box for ease, then your card details will be saved, and if someone can manage to guess one password, then they have access to everything. Test how secure your password is via howsecureismypassword.net.

This will give you an estimated time for how long it would take a computer to crack your password, and it also offers hints on how you can improve it. Then once you know this, it’s important to up your security by using a password manager such as LastPass.com which can store all your log-in details and also protect them with just one single master password. It also enables you to automatically change your existing passwords to a random series of symbols, numbers and letters without having to visit each particular website.

As well as passwords, make sure that you scan for viruses and spyware regularly, You can buy premium antivirus software, but if you want a free one PC Advisor magazine recommends Avira.

Stay Safe On The Road

This isn’t the first thing that springs to mind when it comes to protecting your money, however, if you think of it from the other side, if you are not safe on the road and you have an accident it will cost you a lot of money.

It could cost a lot to repair the car, getting a new car, repairs to a car you hit, if you are injured it could mean that you need to have time off work and will lose out on money there. You may also have to pay for services from somewhere like NBA Law Firm who has gained a reputation for high-value value settlements and verdicts in car wreck cases.

Stay Safe While Travelling

fun

As a tourist, you are already susceptible to thieves and pickpockets, so you have to take extra care of your money and possessions. One of the best ways to protect your money while you are travelling is to use credit and limit the use of cash. While it is easier to stick to a budget when using cash, cash isn’t replaceable, and if you lose your wallet or someone steals your money, you can lose all of your travel funds.

However, if your credit card is stolen, then you are not liable for unauthorized charges. Even with a debit card, your bank will refund any fraudulent purchases. It’s a good idea to bring some cash on your vacation, but just don’t carry too much.

It’s also a good idea to avoid secluded ATMs. Instead, go to cash machines located inside your hotel or near busy areas but don’t visit them at night or in the early hours of the morning. 

Stay Safe In Your Home

dream house

Keeping your home safe will also keep your money safe. If someone gets in your home, not only will you need to replace valuable items if stolen, but a thief will no doubt be able to find all the information about your bank accounts from inside your home. 

Start off by getting a security camera. It is invaluable to have another set of eyes looking out for you and your home. Having a security camera means that you can check on what’s happening when you’re away from home as they are usually smart these days and you can see what’s going on from an app on your phone. They also act as a deterrent and can force a burglar to think twice before targeting your house.

Another smart idea is to get yourself a smart doorbell which can give the impression you’re at home even when you’re not. They are usually easy to install and highly affordable and come with live video streaming, remote viewing apps, and two-way communication that lets you see and talk to whoever is at your door.

This provides extra security, and it also helps you protect yourself from a home invasion or other violent attack when you are home. Forget having to get up and look through the peephole—these doorbells allow you to see who’s at the door from wherever you feel safest.

Building A Financial Safety Net

Saving is really important, but most people don’t realize just how important it is until the time comes and they haven’t got anything saved. When financial emergencies arise, and they do, there is nothing worse than knowing that you aren’t covered. You need to take loans, borrow money, and hope for the best. It is actually a terrifying situation and can pile the stress on really quickly. 

In fact, many financial emergencies are why many people end up in dangerously high debt and in some cases, financial ruin. For example, imagine you were in a car accident and unable to work? Aside from needing a settlement calculator, you’re going to need some cash to be a cushion until you are back on your feet. 

Emergency Fund

These are the funds that you tuck safely away in an ISA or any other locked account. You need to be able to access these funds at a moments notice. Ideally, you will have at least 6 months worth of money in there that is free to use if anything should happen. So when you make the decision to save, this is where you want to start putting your money. You should set a budget to work out what you can safely put aside. It might mean that for a little while you’re going to have to make some cutbacks on what you buy and the entertainment options you have. But this is worth it. Where possible, create an automatic savings plan, so that the heavy lifting is out of your hands. 

“Do not save what is left after spending; instead spend what is left after saving.” 

Warren Buffett

Life Insurance

So many people skip this thinking that it won’t matter if they have it or not. Assuming that they have time to arrange it all. But the truth is none of us know when that time will be up. And if you already have dependents, or you are planning to in the future, then they will need financial security. If you have a house that is currently being paid off via a mortgage, then you are seriously going to want to think about what will happen if you can no longer make those payments. 

Long-term Disability Insurance

If something happens and you aren’t able to make a regular income any more due to injury, then you’re going to be very happy that you have this. The safety net isn’t there for fun, it’s there for the what-ifs. Many people think this coverage is a luxury, but it should be considered a necessity if you have housing repayments, children, a significant other, and of course, medical bills stack up thick and fast. 

Retirement Plan

You should sit down and work out how much you will need to put into your pension from the age you are now, to the age you want to retire – and see if it is going to be possible. Where possible, take advantage of any government schemes to match what you are putting into your own pension pot. You’ll also do well to take out other long-term savings that can be accessed after a period of years. Keep rolling that cash up, and cash outcome retirement time. The fact is that most people can no longer finish as early in life as the once could, and retirement really needs a lot of consideration.

Savings

A general savings pot for rainy days is undoubtedly something you’ll want to do too. You don’t need to put a lot of money into this. Instead, you are going to be looking to skim off the top of what you are spending elsewhere. There are many apps that will now do this for you, and they have a low yearly charge to do so. There are some that will also automatically calculate what you can afford to save and put it into a savings pot for you. 

Even a penny jar emptied once a year and put into an account over the space of a few years will give you a little bump. 

Your financial safety plan has more to do with the people you love and want to look after than it does with you. But, that safety net will be the thing that keeps a roof over their heads and food in their bellies when it really counts. So if you aren’t saving and you don’t have those vital insurances – make those changes today, you never know when you’ll need them. 

4 Things Everyone Should Know About Cars and Driving

There are plenty of advantages to owning a vehicle, as we all know; indeed, that’s why so many of us fork up the cash to get a nice set of wheels in the first place. However, sometimes, that’s where a person’s knowledge of their vehicle ends.

They can tell you the color and the manufacturer, but not so much more and this can have consequences, especially financial consequences. If you’re going to be a responsible car owner and driver, then there are some things you’ll need to know. Below, we take a look at four such examples. 

What Are You Driving?

First thing’s first: what are you driving? Not all cars run the same, even though that’s generally what people think. It’ll be in your best interest to read the manual.

It’s not the most exciting of tasks, sure, but there is a reason why they put one in the vehicle: they’re full of useful information that might just save you some money further on down the line. It’ll tell you the correct way to drive it, the type of gas that it needs, and so on. 

The Maintenance Schedule

It doesn’t matter whether you’ve got a brand new vehicle or one that has been driven 100,000 miles: it’s hyper important that you’re staying on top of the car’s maintenance.

Like with most things, it pays to be proactive. Your car might have a small issue that is easy and inexpensive to fix when it first presents itself, but which, left alone, could turn into something much more problematic. Some of the tasks you’ll be able to do yourself, but others will require the hands of a professional.

It never hurts to take your car into a service every few months or so. There’s also value in finding and building a relationship with a trusted mechanic. 

If Something Goes Wrong

All going well, you’ll have a relatively straightforward driving career, in which you won’t be involved in any incidents. However, there are no guarantees.

As such, it’s important that you know what to do after a minor car accident. This will help you to get treatment for any injuries that you sustain, and also ensure that any financial compensation that is owed to you comes your way.

Nobody expects to be in a car accident, but they do happen from time to time, and as such, the best way to ensure nothing bad comes from it is to be prepared.

Changing Tires

If you own a vehicle, then you should know some basic car-related maintenance tasks. Take changing a tire, for example. This is something that is very straightforward if you know how to do it.

There’s nothing worse than leaving work, and realizing that you can’t get home because you have a flat. If you don’t know how to change the tire, then you’ll need to call someone out and wait for them to arrive.

If you can do it yourself, you’ll be on your way in fifteen minutes or so and you’ll have saved some cash, too.

Can You Hire Contractors For Your Side Hustle?

Starting a side hustle is a common decision that many households take in order to boost their income. More often than not, the side hustle can be run during your free time. But there will come a moment when you get to the end of your abilities.

At first, you may choose to dedicate a few hours during the week. But, if your side business becomes successful, you’ll soon realise that you need to provide additional services and operative hours to your customers.

Unfortunately, until your side hustle becomes a viable business on its own, it’s never a good idea to give up your day-to-day job until you’re sure your side hustle is robust. However, it’s a never-ending dilemma.

You need to invest time to grow your hustle, but you can’t afford to quit your regular-income job. What is the best way forward? 

Many households choose to abandon their side hustle when they reach a critical point. However, there is another option that can prove helpful to you and allow you to grow your side hustle without taking uncalculated risks.

Everything successful entrepreneur has started in a modest environment. Google, Apple and Windows all started from a garage before they could outgrow their premises and hire their first employees.

Knowing that Bill Gates is one of the most celebrated millionaire philanthropists, it makes no doubt that with the right direction, any side hustle could potentially set you financially free – just like it did for Gates. However, before your side hustle turns into a full-size company, you need an extra pair of hands to set things ready.

Indeed, you can’t invest more of your time into growing your activities. However, you can pay someone to do it for you. If you’ve never considered hiring a freelance contractor, now’s the time to change your mind and explore the option.

As a side hustler, you are probably going to worry about a lot of different situations when it comes to relying on someone new. Here is a quick guideline of what you need to know about freelancers and why you should hire one – or more. 

Most businesses love contractors

More and more businesses have been relying on independent contractors for their company. Indeed, in a world where the work-life balance has become an obsessive quest, freelancers are taking over the work market. Their situation allows them to enjoy more flexibility.

They can choose to work when they need to, and they can schedule days, weeks or even months away from the workplace. Additionally, it’s not uncommon for freelancers to work remotely, which enables them to accumulate projects and clients. From a business perspective, contractors are a smart choice.

Ultimately, you only keep them until the project is over. In other words, you only pay for what you need when you need it. If you’re running a tight budget, you can set a relationship on a project-basis to make sure you don’t drag your budget in the red. 

How do you pick a contractor for your side hustle?

You have probably developed a strategy to accept or reject clients’ requests by now. Instinctively, you can tell when a client is going to be difficult, and, being a side hustler, you’re in a position to turn down the work offer – as you don’t rely on your side hustle to make ends meet.

You’ll find that your instinct will be just as helpful when it comes to finding the right freelancer for your project. If you’ve chosen to approach freelancers through dedicated platforms, such as Upwork or peopleperhour, you should check this handy article on how to choose the right person for you, https://www.upwork.com/hiring/startup/how-to-choose-and-interview-freelancer/.

Typically platforms have a rating system which lets you set the most recommended freelancers available for the set of skills you research. Additionally, you can also check their profile to get a feel of who they are and what they can do.

You can, however, find freelancers through different approaches. Indeed, many freelancers use social media networks such as LinkedIn to promote their skills, for instance. It’s a good platform to start your research. 

How do you pay a contractor?

money

When you hire a contractor for a one-time job through a freelancing platform, payment is going to be the last thing you’ll have to worry about. Indeed, most platforms have a payment system, which you can set to hours, days, or tasks, depending on your needs and preferences.

Typically, this is something that you will have to establish at the time of posting your job request. However, if you’re recruiting freelancers outside of those platforms, you will need to create a strict payment policy with your freelancer.

At the beginning of the project, the freelancer will have to confirm their hourly/daily rates, if you choose to use this system. You can then use a time management tool, such as https://getsling.com/employee-time-clock/ to clock in their time, which can be useful for long-term tasks. For one-time projects, it’s best to agree on the cost and payment terms before starting the work.

Some freelancers can have specific conditions, such as payments within 7 days or 15 days, for instance. 

How do you work with a contractor?

It’s not easy to work for yourself. But having someone working for you is a completely different kettle of fish! Ultimately, you need to change your habits to make sure someone else can work alongside without wasting your precious time.

Whatever you’re working on, remember that your freelancer is likely to work remotely. Therefore, you need to digitise everything you do and put it in a place that is manageable, accessible and editable for both of you.

Google Drive, for instance, offers a variety of tools for writing, reporting and building projects. It’s also recommended to stick to tools that are also mobile-friendly, as freelancers can work on the go.

In other words, the easier you make it to your freelancer to access information and work, the smoother your relationship will be. 

How do you pass information? 

Sharing documents is one thing, but it’s not quite the same as passing on information effectively.

You need to communicate effectively – if you’ve been running your side hustle alone until now, this is going to be a massive change. Your freelancing contractor may not live in the same time zone.

If you are planning on running catch-up calls or video conferences, you need to agree on a time that is suitable for both of you. Stating your availability clearly will make a big difference!

Communicating in writing is a life-saver. Writing instructions, decisions and necessary data ensures that you can trace back everything. Lastly, remember to be a good boss even if you’re only dealing with freelancers.

While it might be tempting to check on your contractor, don’t turn into a control freak: you’re only going to cost your side hustle precious time. 

How does it look like from a tax perspective?

If your side hustle doesn’t hit a taxable level every year, you may not even need to fill up a tax self-assessment form. However, even when your side hustle doesn’t deliver a high income, if you’re running an official business – a limited company, for instance –, you will need to fill up your corporate taxes.

Regardless of your tax choices – aka of whether you’ve formed a company or running a self-employed business –, hiring a freelancer will transform your tax return. Ultimately, the costs associated with the recruitment and payment processes need to figure on your tax return as they affect your overall profits.

If you are unsure about how to share the information from a tax perspective, you should work with a certified accountant to handle the matter safely. 

How about building a long-term relationship?

financial support

When you find a talented freelance contractor, you want to make sure you can keep them!

Most freelancers are experienced with long-term working relationships so that they will most likely shape their tasks into a recurring project if you both agree on a regular commitment.

However, there are a few things you can already do to encourage them to work for you again. Make sure to give your contractor a tour of your side hustle – virtually or physically, depending on the situation.

It’s the perfect way of introducing your goal, your skills and your resources. 

Good freelancers bring growth

You need freelancers to create growth, but you need growth to afford freelancers. Is there a way forward to solve the eternal outsourcing dilemma for small side hustlers? The answer is yes.

Tyically, you can work closely with dedicated marketing experts to drive more business. Indeed, content marketing freelancers are your best go-to contacts when you’re in the process of growing your business.

They can not only create appealing content, but they can also help you to reach out to new customers. From a blog post to an entire online course, published content drives new customers over time. In other words, you want to boost your online presence before you can take on contractors to do your job! 

In Conclusion..

The bottom line is that without someone to dedicate time to your side hustle, it can’t grow. Hiring a contractor and managing your work relationship can let you plan ahead without needing to give up your day-to-day job. Admittedly, it’s not going to be easy to find someone you can trust. But don’t give up! A reliable and trustworthy freelancer is your best ally to transform your side hustle into a small business.

Protecting Your Investment When Buying A Vehicle

The vast majority of us depend on a vehicle of some description to get us from A to B. Whether you have a motorcycle, a car, a truck, or a pushbike, it’s always wise to think about protecting your investment. There are ways to save money on driving, and it’s also possible to reduce the loss of value when buying new cars and bikes. Here’s a handy guide to help you ensure the decisions you make on the forecourt benefit your bank balance. 

Old versus new

One of the most pressing questions people ask when they’re looking to replace a car or a motorcycle is ‘should I buy a new or an old vehicle?’ Many people like the idea of getting a shiny new bike or car straight off a transporter, but the reality is that often, buying brand new is a move that won’t make financial sense. The value of a car, for example, will drop the moment you drive away from the dealership. If you do want to invest in a new model, it’s worth waiting a few months or a year and buying nearly new instead. This way, you’ll pay less for the car, you get the thrill of driving around in a sparkling vehicle, but you won’t be losing money as fast. 

Investing in classics

Old cars aren’t usually worth much, but there are some vehicles that buck this trend. Classic cars and motorcycles that have a distinctive brand name and a sought-after style can be worth a fortune. There’s a limited number of relics from ages gone by around now, and collectors and passionate drivers and bikers are willing to pay a premium. Old-fashioned cars and cruiser motorcycles like Harley Davidson bikes are in demand, and if you’re looking to invest in an asset that has a better chance of appreciating than a brand new model, this could be an avenue worth exploring. You might have to do a bit of patching up and look for parts on sites like Solomotoparts to restore an unpolished gem to its former glory, but your commitment will be rewarded. If you’re not au fait with the inner workings of an engine, it’s best to seek professional advice. 

Looking after your vehicle

car

For many people, buying a car or a motorcycle marks the second most significant financial investment after purchasing a house. If you’ve spent thousands on a vehicle, it makes sense to protect your asset. If you take good care of a car, for example, you’ll save money on repairs, you’ll increase the chances of the vehicle holding its value, and your car will be more marketable if you do choose to sell. Keep up to date with regular services and checks, drive carefully, and get any suspicious noises checked out as a priority. 

Picture taken from https://pixabay.com/photos/harley-davidson-harley-davidson-2651708/

Are you looking to buy a new car, or are you thinking of adding to your collection of motorcycles? Many of us are excited about driving a new car, truck or bike, but it’s important to use your head as well as your heart and take steps to protect your investment.