Education: We Know It’s Vital For Success. But Why?

You would think that dropping out of college would be the best thing that you could do for your career. The founders of Google did it. So did Bill Gates, the father of Microsoft and the modern PC. 

But when you look at the figures more generally, you see that giving up on your degree isn’t a route to success – quite the opposite, in fact.

People with “some college education” fare much worse overall compared to those who graduate, both financially and elsewhere. 

So what’s going on here? First, it’s important to point out that some people do just get lucky.

Larry Page and Sergey Brin never expected that founding a search engine would make billionaires of both of them. It was far-fetched. And yet it happened.

Likewise, it is unlikely Gates would have predicted his eventual financial success in the early 1980s. For him, the job was an exciting experiment. 

But even in these cases, education played a role. Both the Google founders were at top universities, with one of them studying for a doctorate.

And Gates is famous for continuously reading and educating himself. He does it for fun.

So it’s not correct to say that education plagued no role. In fact, it would have been impossible for these guys to earn the success that they did without some serious learning along the way. 

Education Is Not A Waste Of Time

Education can sometimes feel like a waste of time while you’re doing it. (The partying is, in large part, a way to paper over that perception).

And in hindsight, the years can sometimes feel like lost time. You could have been earning money. 

But when you look at the data, it tells a different story. People who are college-educated earn substantially more throughout their lives, even when you calculate the present value of future income.

The effort is worth it, especially if you get the right qualifications for the market. 

If you choose to find a nursing school, you’re actually setting yourself up for success.

Remember, some sectors of the economy are going to expand faster than others, offering those in them higher pay and more opportunities for advancement.

Healthcare is going to become a bigger and bigger part of an expanding economy. In twenty years, the sector could be double the size it is today. 

Something similar is happening in technology. People with database skills will find themselves in constant demand. Education provides them with the raw tools they need. 

Entrepreneurs Still Need Training

Some entrepreneurs are not experts in their respective fields, but they are a dying breed.

The opportunities for non-technical people to lead businesses are dwindling, even if they’re not actively involved in the nuts and bolts themselves.

That’s because leaders need to have a broad understanding of the goals and capabilities of their firms to make reasonable decisions. 

So, even if you’re looking to go for the top job roles in society, you need some training.

It gives you a vital context for the decisions you’ll make in the future. 

Educational Achievements Link Up To Provide You With Market Advantage

It’s worth noting that the broader your educational training, the more you can link valuable skills together.

Suppose you decide to go down the career route as an accountant. You can earn a pretty decent living this way.

Companies, however, would ideally prefer to employ people with both accounting and marketing intelligence. 

The reason? Having both allows accountants to assess the financial value of marketing campaigns and the returns they’re likely to generate. The interdisciplinary synergies could be profound. 

A similar principle applies to people who consider themselves “generalists.”

There’s massive value here too. Firms often need people who can see the broader picture and how all the pieces fit together.

Dipping in and out of multiple fields allows the brain to link concepts and generate new ideas.

These contributions can be the most valuable thing that an organization ever receives from its employees.

And they are things that are less likely to emerge from technical specialists who only focus on one area. 

The Professional Halo Effect

Finally, education provides a firm grip on professionalism. This point is not moot.

Remember, we still live in a society where a person’s educational background means as much, if not more, than what they are actually capable of doing.

If you want to get into one of the professions, therefore, you have to get over the educational hurdles. Once you do, you effectively shield yourself from the competition, increasing your wages. 

Coping With Wrongful Death Of Your Spouse: How To Recuperate Financially

Losing your spouse can be the most painful experience, particularly when it happens because of a mishap caused by someone else’s negligence. 

In such situations, the family ends up suffering from financial consequences along with grief. 

As the surviving spouse, you may suddenly find yourself struggling with money, particularly if the dead partner was a sole or major contributor. 

Things can get tougher if you have dependents to look after and money seems to be running out. 

Apart from coping with the grief of the loss, you will have to make efforts to recuperate financially. 

While recovering from the loss can be a humongous task, here are some things that can help you get your finances on track.

Assess your current financial position 

When you are still in shock or grieving, managing finances may be the last thing on your mind. 

In fact, it is easy to be overwhelmed by the sheer number and complexity of financial matters to be settled in the weeks or months after the spouse’s death. But this is where you have to start. 

There will be some tasks that require immediate attention, specifically an assessment of your current financial position would be mandatory. 

The best thing to do is to organize records and paperwork so that you may determine your assets, liabilities, and income potential for the future. Seek the assistance of professional advisers to get things sorted out.

File a compensation claim

Once you have a clear view of things after the initial shock is over, you would want to make sure that the person responsible for the death of your partner is punished. 

The next step would be to look for an attorney who can help you file a wrongful death case to get you justice and fair compensation. 

The lawsuit serves as a tangible step to bring your finances back on track by getting the compensation you deserve. 

At the same time, you will want the responsible person to pay for their actions. Such cases are complex and require the right evidence and arguments. 

So it makes sense to find a seasoned attorney who is capable of getting you a favorable verdict.

Plan for the future

The loss of your partner is nothing short of a major blow but life has to go on. If you have a family to take care of, financial planning does not remain a choice. 

You will need to cover the basics, from retitling assets to debt management, estate closure, and filing a final tax return on the behalf of the deceased spouse. 

These steps are important to start with a clean slate and move ahead with rebuilding your finances. 

Additionally, you will also have to take the appropriate steps to claim death benefits through annuities, life insurance policies, and Social Security benefits. 

Finding alternative sources of income is equally important because you will have to manage finances alone. 

Finding a job if you are not working is a good idea. Consider investing the compensation and death benefits to get a regular income stream.

Dealing with financials may not seem like an easy thing to do when you lose your spouse unexpectedly. 

But this is something you cannot ignore- rather, the sooner you get things sorted out, the better it is.

Manage Your Money Like a Millionaire

When you’re looking for advice or inspiration, it’s always good to seek it from people who have already achieved your goals.

If you want to find ways to manage your money more effectively and grow your capital, who better to ask than a millionaire?

To give yourself the kickstart your need, take a look at these top tips and start managing your money like a millionaire today.

Get Out of Debt

Millionaires know that unmanageable debt is a road to ruin. Why pay high-interest rates and finance charges when you don’t have to?

There are plenty of debt strategies to help you achieve financial freedom but be sure to find out if they’ve worked for other people before you forge ahead. See www.DTSS.us Blogspot reviews to discover if the Debt to Success system can work for you, for example.

With so many debt relief options out there, paying off your debts needn’t be as difficult as you think.

Start Investing

Investing your money enables you to increase your capital and even generate short-term income.

By choosing the level of risk you’re comfortable with, you can make a surprising amount over a relatively short period of time.

However, it is important to take the time to fully understand your investment options before you move forward.

High reward investment opportunities typically carry a high risk, so only take the plunge if you can afford to lose your initial investment.

There are plenty of low and medium risk options, however, so you can still invest successfully, even if you don’t want to wager with high-risk opportunities.

Get On The Property Ladder

Buying a home, rather than renting, means you’ll have something to show for your investment once you’ve paid off your mortgage.

What’s more – getting on the property ladder can be a great way to invest your cash.

You don’t have to buy a property outright in order to generate money from it.

Joint property purchases enable you to invest in bricks and mortar with reduced capital but still give you the chance to increase your funds over time.

Live Below Your Means

If you think that millionaires spend money constantly, think again.

Wealthy people can be fairly frugal, so don’t get caught up in living a luxury lifestyle if you want to hold on to your funds.

Living below your means ensures you’ll have extra funds to invest, which can increase your capital in the long run.

While there are some purchases that can enhance your finances, such as property, others will quickly deplete your capital.

Consult a Financial Adviser

Millionaires rarely manage their own finances. Instead, they rely on teams of advisers, planners, accountants, and lawyers.

By getting advice from professionals, you can make the best decisions for your finances and your own personal circumstances.  

Increase Your Capital and Secure Your Financial Future

Managing your money like a millionaire can put you on the road to financial freedom.

With the right approach to your finances, you can ensure you remain free from debt and build your capital over time.

By doing so, you’ll consistently increase your wealth and enjoy a secure financial future.

 

Investing In Gold: What Are Your Options?

There’s gold in them ‘thar hills! Well, that’s the saying, anyway. But if you want to invest in gold, you will be pleased to know that you don’t have to go digging for it. Well, not unless you want to. 

Is It Worth Investing In Gold? 

Well, as another addition to your investment portfolio, we would have to say yes.

Financial experts suggest this is one investment type that is free from the effects of inflation, so you have less need to worry about gold losing its value.

Gold also provides greater returns than some other financial assets, so it’s certainly an option when trying to build your wealth.

What are your options?

There are three main options when investing in gold.

  • Gold exchange trading funds
  • Gold coins
  • Mining stocks

Gold Exchange Trading Funds

This is a common way to invest in gold, as you can buy and sell through a discount broker. Gold ETF’s are handled like traditional stocks, so you won’t actually own the gold that is being traded.

Rather than receiving gold after redeeming your ETF, you will be rewarded with the cash equivalent.

While this might be a blow to you if you had dreams of owning gold for real, you should at least be thankful that you won’t have that risk of being it stolen.

There is more information on Gold ETF’s here.

Gold Coins

If you want to own gold, then investing in gold coins is the way to go.

Unfortunately, you are unlikely to find somebody selling gold coins on the high street, but there are a number of websites online where buying gold coins is possible.

However, you do need to be careful. Not every site is reputable, and you could get ripped off, so it’s important to do your homework before purchasing. 

When buying, you have a choice between collector’s coins, which sell at a high premium, and bullion coins which are less expensive.

Buy according to your budget, but be sure to store your coins in a safe for security.

Be careful how you handle your coins too, as you want to avoid damaging them.

Thankfully, as answered in the article Does gold tarnish over time, the risk of damage is minimized when buying coins, but you should still adhere to the advice given. 

After purchasing, you then need to sell your gold coins for a profit. You need to do this when the value of gold is rising, so it pays to bide your time.

There is more information here if this type of investment appeals to you. 

Mining Stocks

These are investments in companies that mine for precious metals.

If you are already familiar with stock investments, you will have the groundwork needed to start investing in this way.

You might also opt for silver, platinum, or other precious metals when you invest in mining stocks, so you might want to diversify your portfolio.

This beginner’s guide to mining stocks will tell you all you need to know.

What Option Is Right For You?

We can’t answer that, but as we suggested above, you might want to diversify your portfolio and go for all three.

Commit to further research online, and speak to a financial planner for expert investment advice. 

4 Key Elements for People That Want a Career Change

A career change is something that requires an incredible amount of work and patience.

It’s something that people find is impossible once they’ve become reliant on their main source of income and are invested in their current place of employment.

However, with the right circumstances and mindset, it’s relatively easy to make a complete change to your life.

In this post, we’ll be taking a look at four key elements for people that want a career change.

  1. Inspiration

Staying inspired can prove to be a challenge, especially when it comes to making a big career switch.

Fortunately, it’s something that you can acquire relatively easily. One of the best ways to seek inspiration is to actually get out there and network.

This could be attending more parties with friends to meet new people, it can mean watching new YouTube channels to learn more about the world, or it could mean getting on social media and looking for sources of inspiration.

Staying motivated is a challenge, but when you’re surrounded by positive people, you’ll find that it can be much easier to shoot for success.

  1. Time

Time is an essential component for those that want a career change.

Many people stop here and think that they’ve already used up a lot of their time on another career path.

They believe they’ve invested too much into their current job and so they don’t want to make the switch.

Fortunately, time is a relative element. In reality, it doesn’t matter if you’ve already spent years of your life studying for and achieving a career that you want to switch from.

Time is all about making time for your new life. It’s about freeing up time by avoiding distractions and optimizing the things you do in your life. Every minute we idle is another minute wasted.

If you want to make a huge change to your life, you need to find ways to cut out time-wasting activities and focus on things that can improve you.

  1. Education

There are a number of different ways that you can study while you work.

For instance, online study through universities such KUO can teach you anything from engineering management to business administration while you work your regular job.

Being able to study in your own time is a huge benefit since it can teach you essential skills while you make money that goes towards paying for your course and an eventual switch to a new career path.

  1. Support

Lastly, switching your career isn’t something that you can achieve alone once you’ve heavily invested in something.

It requires support from friends and family members, especially as a source of inspiration and motivation to keep you going.

This is especially true for a career path that isn’t easily defined, such as entrepreneurship or freelancing.

Career changes can involve the people around you, such as your family who depend on your income for their wellbeing.

By having support from these important people in your life, you’ll find it much easier to make the change you want to achieve.

Budgeting Your Money After A Financial Change

Budgets are not static things – they need to be adapted and changed to reflect your income if they are going to remain effective.

The money we make and the money we have can change at the drop of a hat.

You could have been injured in an accident, and an experienced personal injury attorney like Steven Halperin of Halperin & Halperin, P.C, could win you tens of thousands of dollars in a personal injury claim.

You could be made redundant from your job and receive a large payout, or you could win a significant amount of money on the lottery.

Even small changes in income need to be accounted for in your budget.

Pay rises, small winnings, and inheritance can all make a big difference to your financial status and, it is essential that this is reflected in your financial budget. 

It’s also important to realize that your budget needs to be changed if you find yourself with less money coming in that you had before.

Whether you’ve made a significant purchase and have used up all of your savings, have lost your job with no redundancy pay, or have found yourself in a situation where you are spending above your means. 

When To Reassess Our Budget

Changes in your income and spending won’t always be dramatic and, therefore, they can creep up on you over time.

This is why it is essential to reassess your budget regularly, even if it appears as though there has not been any change in your financial situation.

As a general rule, it is wise to reassess your budget every quarter (once every three months), as this will allow you to spot any adjustments that need to be made before they cause any significant damage. 

Besides regular quarterly budget checks, it is also essential that you reassess your budget whenever you notice that your financial situation has changed.

For better or for worse, a rise or fall in your income will need to be allocated within your budget to ensure that you can afford your outgoings and are making the most out of the money that you have. 

You should reassess your budget if: 

  • You get a pay rise
  • You receive a significant sum of money 
  • You are made redundant 
  • You receive a legal payout 
  • You inherit money 
  • You win money 
  • You spend your savings
  • You lose money 
  • Or there is any other change in your financial situation. 

budgeting after financial change

Budgeting using the Balanced Money Formula 

The Balanced Money Formula is a simple way to budget your money, splitting your expenses into three principal categories, Needs, Wants, and Savings. 

Needs are things that you must spend money on, such as your rent or mortgage, food, transport to work, and loan repayments, etc. 

Wants are the things that you don’t need but would like to have; this includes things like takeout food, new unnecessary clothes, vacations, and entertainment subscriptions. 

Savings are self-explanatory and could be a general savings account, an investment, or money towards your retirement. 

The basic concept of the Balanced Money Formula is that you should spend 50% of your income on your Needs, roughly 30% on your Wants, and the remaining 20% of your income should be put into your Savings.

A very simple way of budgeting, the Balanced Money Formula, is extremely effective and can be easily adjusted whenever your income changes. 

It’s crucial to realize that these percentages are a guide, and if it turns out that you have far fewer needs than 50% of your income, then the excess money can be split between your Wants and Savings.

Similarly, if your Needs account for more than 50% of your income, then decrease the amount of money you spend on Wants and try to keep your Savings at the same value unless necessary. 

Budgeting Your Money After A Salary Change

A salary change, whether up or down, will shift the balance of your income and expenses, and as a long-term change in income, it is important to factor this difference into your budget.

Start by working out exactly how much more, or less, you will be receiving per paycheck (after-tax) so that you know the figure that you will be working with.

Whatever number you come out with should then be split into your Balanced Money Ratio.

If it turns out that you have more money than you need to be allocated to your Needs and Wants categories, then this should be diverted to your savings.

If on the other hand, your income has decreased and you can no longer cover your Needs with your new income, then money will need to be diverted from your wants, and changes to your luxury expenditure will need to be made. 

Budgeting Your Money After A Significant Payout 

Whether you’ve just won a legal battle, have received a large redundancy payout, have won money, or have inherited a large sum from a family member, it’s important to factor these single payouts into your budget.

Before you do anything with your payout, it’s important to make sure that you have paid and covered any taxes or fees that need to be settled so that you know exactly what you have left to play with. 

If you have found yourself sitting on a very sizable amount of money, then the Balanced Money Formula, may no longer suit your needs.

In this situation, it is worth investing in the services of a financial advisor who can help you make the most out of your payout. 

If, on the other hand, the payout you have received is relatively small, though still significant, it can usually be split using your Balanced Money Formula.

If you are still taking a salary, then this should still cover your Needs, leaving the full payout amount to be split between your Wants and your Savings.

If you are no longer working, or are going to be living off of the payout amount for some time, then it is essential to split it into your Needs and Wants categories so that your expenses are covered before putting anything that remains into your savings.

Budgeting your money after making a significant purchase 

Whether you have just spent your savings on a deposit for a house, have finally purchased the car of your dreams, or have booked a two week luxury holiday, it is always important to reassess your budget after making a significant purchase – especially if the money has been taken from your savings or it involves a new regular expense. 

If you have used your savings

Savings not only allow you to buy expensive things, but they are also a very important buffer should you get into financial difficulty.

If you have spent your savings, then you no longer have this safety net to fall back on and could find yourself in debt.

When re-assessing your budget after using your savings, your focus should be re-building this buffer zone as soon as possible by diverting some of your expendable income from your Wants, into your savings. 

If your purchase involves a new monthly expense

If your purchase involves a new monthly expense such as mortgage repayments, direct debits, or otherwise, then you will need to ensure that you add this expense to the Needs category of your budget.

If your income status has not changed, then updating the Needs category of your budget will usually mean allocating funds that previously would have been split between your Wants and Savings.

If you are also trying to rebuild your savings, then you may need to cut back significantly on your Wants in order to afford the additional Need as well as the extra payment into your savings account. 

Other budgeting methods to try

Throughout this article, we have referenced the Balanced Money Formula as it is one of the simplest forms of budgeting and is easy to explain within these scenarios.

However, there are a number of other budgeting methods to try if the Balanced Money Formula does not work for you.

Some of the other budgeting methods that you may want to try to incorporate alongside or instead of the Balanced Money Method are:

 

The cash-only money method

Pay for things using cash rather than a credit card to help curb spending by allowing your brain to make the connection between each transaction and the exchange of money. 

The zero-based budgeting method 

Start from scratch each month to create a budget that reflects the expenses of each month.

And the priority-based budgeting method

Make a list of your expenses in order of priority and importance to help you see what is truly essential and what is an unnecessary luxury.

Use your money to pay for the highest priority items first, and if your budget is used up then do not purchase those that are left.

So there you have it – a quick guide to budgeting your money after a financial change.

Do you use the Balanced Money Formula to keep track of your spending?

Let us know your preferred budgeting method in the comments. 

5 Realistic Ways To Free Yourself From Debt In 2020

It’s a common fact of life that the vast majority of people end up with some form of debt in their lives.

Some people might owe three-figure sums, while others might owe as much as the national debt of a small country!

You’re likely reading this article today because you want to free yourself from your debt.

But, you’re unsure of your options, or even if you have many choices.

The first thing to note is that everyone has choices in life – even when talking about dealing with debts.

The next thing to bear in mind is everyone – even you – can take practical steps to be free of debt.

Here are five examples of what you can do with your financial burdens:

1. Earn more money

If you’ve ended up in a situation where your salary doesn’t entirely cover your outgoings, one thing that’s within your power is to get a better-paying job.

When you earn more money, you can cover your debts and also pay them off quicker.

You might even find that you can earn more money by getting a second job or doing self-employed work in your spare time.

2. Set up a debt management plan

What should you do if you’re unable to earn more money?

One option is to organize a debt management plan. In a nutshell, this is where you agree to pay lower monthly installments to your creditors.

Debt management plans typically get set up with the help of debt charities and organizations.

But, it’s possible to organize one yourself if you’ve done plenty of research on the subject.

3. Look into a debt discharge program

You might not have heard about it, but there are debt discharge programs run by some companies that could work for you.

For example, some enable you to become a citizen of a different country while remaining in the U.S.

Programs such as DTSS’s Mark of Freedom help you to gain a better debt to income ratio and let you retake control of your finances.

4. Petition for bankruptcy

As you probably know, bankruptcy is a last-resort option for people that end up with unmanageable levels of debt.

The thing is, bankruptcy is a choice that thousands of people opt for each year.

Bankruptcy is a way of stopping debt collector calls and letters, and creditors from harassing you for payment.

Once you’ve completed your bankruptcy, there are no further payments that you need to make.

5. Sell all valuable assets

Last but not least, you could release yourself from the grip of debt by selling items of value that you own.

Doing so isn’t an easy decision as you might expect, but it means you can start a new chapter of your life.

Examples of valuable assets that you could sell include any vehicles, property, electronics, collectible and antique items.

Many people don’t realize they have things of value that can ultimately help them to clear their debt burden.

VA Mortgage: Significance, Eligibility Criteria and Service Requirement

A VA home loan is one of the best ways to fulfill the dream of buying a home for military personnel and veterans in the U.S. The Department of Veterans Affairs provides several facilities to such groups of people to help them get their abode.      

Military persons, veterans, and a certain class of other people can apply for a VA loan easily without the need for mortgage insurance, down payment, and flexible mortgage terms. 

Here are the most significant and important factors of a VA loan:

No Down Payment

A home aspirant has to pay some money as a down payment while applying for a home loan. 

The percentage of such payment can vary according to the cost of a home and financial status of a person. 

However, in the case of a VA loan, a military man or veteran needs not to pay any down payment while applying for the same. 

This becomes possible due to the financial support to the lenders by the U.S government. 

No mortgage insurance

Generally, a person has to pay for mortgage insurance in case he/she makes a down payment below 20% while applying for a house loan. 

This insurance is also known as a mortgage insurance premium that protects a lender from loss in case of an applicant’s default. 

But, a VA loan applicant need not pay for such insurance in any case. This makes VA loans a very affordable option for a home aspirant.      

Financial support by the federal government

After applying for a conventional loan or FHA mortgage, a person needs to pay installments regularly. 

But, in the case of a VA loan, the federal government backs a lender if someone fails to pay a portion of installment. 

Due to this financial support of the government, lenders can offer a VA mortgage with various attractive terms to the suitable candidates. 

Liberty to choose suitable VA loan rates     

VA loans are provided by loan institutions, individual lenders, credit unions, and banks. They all decide their fees and rates for this mortgage. 

A petitioner can check these different rates and can choose one that suits his financial status. 

A person can also go to some reputed authorized website of a VA lender and check the offered rates. 

It is also good to compare their rates with the ongoing other mortgage rates in the market.       

No prepayment penalty 

There are circumstances when VA loan candidates do not want to own a home anymore. 

In such a case, if they leave and want to sell their home before a certain period, there is no prepayment penalty or any charges. 

Additionally, a person can also refinance an existing VA mortgage to another VA or non-VA loan anytime.       

Various varieties and benefits

A VA loan is available with various options and benefits. People can choose a fixed rate, adjustable rate, or other sorts of VA mortgages according to their specific needs and goals. 

They can use it to purchase a  manufactured abode, condo, duplex, or any other types of property. 

The finances can also be used to repair a house, refinancing an existing loan or such other purposes. 

Flexible rules and guidelines

Similar to other mortgages, VA loans also have certain conditions such as good credit history, balanced income to debt ratio, and many other rules that a home aspirant needs to follow. 

However, in the case of a VA loan, rules are more flexible and simple. This becomes possible due to the financial guarantee provided by the Department of Veterans Affairs.      

Low closing cost

Another good factor of the VA loan is the low closing cost charged by a lender from a VA loan candidate. 

This not only makes the mortgage easily affordable but also helps a borrower avoid facing any financial difficulty in the future. 

Flexibility in the matter of funding fees

In some cases of a VA loan, funding fees or upfront cost is essential to pay. The amount of it depends upon the type of loan, down payment, total mortgage amount, and other factors. 

VA loan aspirants need not pay these fees in cash as VA arranges to finance it with their actual mortgage.      

Assumable Feature

VA loan is also assumable. It means if a person wants to transfer his/her VA mortgage amount to some other home aspirant in the future, he/she can do so. But that person should also be an eligible VA mortgage candidate. 

This feature proves exceptionally useful when the rates of a loan rise high, at that time a borrower can shift the loan to another eligible candidate to avoid financial crises.      

Eligibility for VA mortgage

To acquire a VA loan, an aspirant needs to meet some conditions or eligibility criteria. For this, a candidate should possess one of the following qualifications: 

  1. A Reservist  
  2. Cadet at the Air Force, Military, or Coast Guard Academy of the United States. 
  3. Serviceman at Active-duty 
  4. A midshipman at the Naval Academy of the U.S.  
  5. Survived spouse of a veteran
  6. A National Guard member
  7. An officer at the National Oceanic and Atmospheric Administration

A VA loan aspirant must also meet one of the following minimum service requirements:  

  1. 181 days of active service at the time of peace 
  2. 90 days of active service at the time of war
  3. 6 years service in the Reserves or National Guard 
  4. A spouse (who is not remarried) of military personnel died during duty   

In addition to these qualifications, a VA mortgage aspirant should also possess satisfactory credit scores, stable income, and a good debt-income ratio to qualify for the same. 

The eligibility of a qualified VA loan aspirant does not expire. A person, who has already utilized VA loan benefits can again take advantage of them anytime.       

If you feel you are eligible for this loan, check the number of different available lenders in the market. Compare their rates and other conditions to apply for VA mortgage.

Choose the fees and rates that best suit your mortgage goals. Make sure the lender you select is authorized by the US government to avoid any troubles in the future.     

  

Conveyancing: What It Is And How It Works?

Finding a perfect home for all your needs and desires is nothing less than a blessing. 

After weeks of hunting down the directories and classifieds, somehow, you’ve managed to find that perfect place you can call your home. 

It is close to your kids’ school, within the reach of your office, and has a secure countryside to it, besides the availability of groceries and daily needs. 

However, there’s still one more thing between you and your dreamy abode- all the necessary documentation and paperwork.

It needs no saying that filing the paperwork is a complex and cumbersome process, let aside the boredom it has to itself.


Nonetheless, you can hire someone to act on your behalf and take care of the paperwork and settlement process.

Conveyancing

It is the process of transferring ownership of a realty.

This seems simple to understand…eh? Well, not quite simple, it is. You can very well understand that there are a lot of complications that may come up. 

Although hiring a conveyancer is not legally required, having one on your side can help simplify the process and avoid any future troubles.

Typically, a conveyancing transaction consists of three stages- pre-contract, pre-completion, and post-completion. And only a licensed conveyancer can help you with these three stages.

A conveyancer is a professional expert specializing in solicitations and advisory related to property dealings.

What Does A Conveyancer Do?

According to a recent survey, many of the home buyers do not know the complete details of documents and legal obligations necessary for successful transactions. 

This could lead to future conflicts and may also forfeit any deposits that a homebuyer has made towards the possession of the property.

A conveyancer would charge a nominal fee and draw out the details of all the necessary documentation for transferring the property ownership in your name. 

Not only that, but a good conveyancer would also undertake the tasks upon himself and would ensure that they are fulfilled, while you can focus on moving into your new house. 

According to this post, http://waymanandlong.co.uk/new-services/property-law/conveyancing-prices/ you should consider a conveyancer’s professional help whenever you are buying, selling, dividing, or modifying any of the real estate entities. 

Particularly, when you are not aware or are doubtful about the legal implications of any mistake, it is all the more important to have a conveyancing agent by your side.

Keep reading for more information about how these professionals can help you.

When you’re buying a property

A conveyancing agent or company would perform a multitude of tasks on your behalf, as a buyer of the property. Some of these tasks include:

  1. Preparing and lodging legal documents like agreements and contracts.
  2. Checking the types of property and naming titles followed by assessing the easements and other information.
  3. Depositing the money in the account of the trust for safety reasons.
  4. Adjusting the rates and taxes and subsequently saving you some money.
  5. Settling the property, handling the payments from your bank, or the trust account.
  6. Representing and negotiating your interests with the seller’s agent or advisor.

When you’re selling a property

A conveyancer not only can help you with buying a new property but also if you are looking forward to selling your old house.

  1. Completing the legal documents.
  2. Negotiating with the buyers.
  3. Representing your deals to the buyers on your behalf.
  4. Requesting any dates that need to be extended.

By now, you must have a really good understanding of what a conveyancer does and how they can help you. 

But, at the same time, you may also be worried about finding the appropriate professional for your needs and that too within your budget.

How do you find and hire the right conveyancer?

Finding a conveyancer is quite similar to finding a real estate agent or a lawyer. Nonetheless, here are a few tips to help you.

  • Ask your friends, relatives, and even search online for references within your desired area.
  • Interview the prospective agents whom you deem fit within your criteria.
  • Run a background check on your prospective agent to ensure their quality of service and customer satisfaction.
  • Make sure to check their licensing.
  • Reconfirm the budget and their reputation before hiring them.

Although you can DIY the conveyancing process, it is, however, not recommended, for the reason buying or selling a property is not like shopping for daily needs. 

Any mistake can result in massive financial losses, apart from the emotional and mental stress that you’ll be going through. 

So, make sure that you hire only the best conveyancing agent for your needs for a peaceful future at your dream home.

5 Top Tips For Driving on a Budget

As modes of transport go, driving is far from the most cost-effective.

Firstly you have to fork out a great deal of money for your car, and then you need to insure it and pay tax.

Once it’s up and running, you have the continual fuel costs to contend with, as well as the inevitable services and repairs.

If you’re looking to save money, you might be better off with a bike and a public transport pass.

However, driving is unavoidable for some people. Particularly if you regularly travel across the country or you live in a rural area.

And the costs rack up over time. But there’s good news.

If you want to stretch your finances a little bit further, there are several ways to reduce your driving expenses.

Through careful planning, sensible driving, and acquiring a few skills, you can learn how to drive on a budget.

Be more fuel-efficient

Fuel is the highest running cost of owning a car. If you have to drive to and from work each day, you could be looking at expenses in the thousands.

But by being smart about the way you drive, you can reduce the amount of fuel you use on any journey.

By driving more fuel-efficiently, you’ll lower your costs, improve road safety, and reduce wear and tear on your car.

Here are a few ways to be more fuel-efficient.

  • Accelerate gently
  • Maintain a steady speed
  • Anticipate traffic
  • Don’t speed
  • Coast to decelerate rather than braking (if safe to do so)
  • Turn your engine off rather than idling in traffic
  • Keep your tires inflated to the correct pressure
  • Don’t carry unnecessary weight

Find the cheapest fuel

The cost of gas can vary from place to place, so it’s not a good idea to always fuel up at the same spot.

Check out the prices at gas stations in your area while driving and note any significant drops in cost. This would be a good time to refill your tank.

Drive safely

The better you drive, the less you will end up paying.

Getting into an accident will not only endanger yourself and other road users, but it will probably raise your insurance premiums.

Poor driving and inconsiderate parking are also likely to lead to a traffic ticket and a hefty fine.

Drive safely and carefully, and everyone on the road will benefit.

If you receive a traffic ticket for an offense you didn’t commit, you can always contest it using a site such as GetDismissed.

Clean your car yourself

When you can draw pictures in the dust on your car, it’s probably time for a clean. But you can save yourself a few dollars by doing it yourself.

All you need is some water, soap and a sponge. Over time, these savings will add up.

Learn to do repairs

When your car starts to malfunction, your instinct is generally to take it into a mechanic.

But in some cases, you may be able to fix the problem yourself. Don’t be too hasty to spend a lot of money on an easy repair.

Search the issue online, and you might find a YouTube video telling you how to solve it.