Category Archives: Financial Related
Egypt, land of the famous River Nile, long-dead pharaohs, spectacular pyramids and a civilisation going back some six millennia. Oh, yes, and glorious weather, too, manic Cairo traffic, atmospheric Alexandria and the Red Sea resort of Sharm el-Sheikh, so beloved of sun-starved Brits. Quite a list to be getting on with.
Yes, and good as far as the average tourist itinerary goes, but what’s it all got to do with savings accounts or any other form of personal finance, unless there’s a tenuous link with ancient Egyptian banking practices, perhaps? Actually, the ancient Egyptians did institute a rudimentary form of banking involving the storage and distribution of grain throughout their ancient landscape.
But that’s a completely different story. Seriously, if link there be, then it’s the fact Egyptian expatriates can both have their cake and eat it, too, so to speak. For they can enjoy the sights and sounds which attract millions of visitors from all parts of the world to Egypt whilst at the same time earning a decent living. It’s much like being paid while on a rather extended holiday in the sun!
Now, unless you’ve been living at the bottom of the Mariana Trench in the Pacific Ocean for the last few years, you’ll realise Egypt has had a problem or two struggling to shake off the dictatorial shackles imposed on the country by the now-deposed Hosni Mubarak and his coterie of henchmen. The January 2011 revolution and its aftermath has been well covered by the world’s media and the wall-to-wall reporting has certainly led to a decrease in visitor numbers.
But visitors are now returning, in their droves, as the country steers it way slowly through a political and economic minefield. Yes, visitor numbers have yet to reach 2010 levels but they’re climbing upwards as each year passes. In the meantime, business confidence is increasing as is foreign investment.
Indeed, some big players are beginning to look afresh at Egypt, particularly China which reportedly has increased investment by $200 million over the past two years, an increase of 60%. And it looks like there’s much more to come from the country which is looking to boost bilateral relations.
Other developments of note include a feasibility study prepared by the company AECOM into the establishment of an airport city around Cairo International Airport at an estimated cost of $20 billion. It was also reported that the Islamic Development Bank plans to pump $3 billion into the Egyptian economy over the next five years.
A particular concern of the Egyptian government, however, is ensuring the country has a dependable energy supply. It would certainly be high on the list of concerns of potential investors, too. The country has suffered blackouts over recent years as a result of growing energy demand and now the government is seriously looking at alternative options, including renewable energy.
According to leading international law firm Norton Rose, demand is estimated to be increasing at a rate of 1,500 to 2,000 megawatts (MW) a year because of rapid urbanisation and economic growth. Egypt’s aim of providing 20% of its energy needs through renewable sources by 2020 is expected to be met largely by scaling-up of wind power projects, with the share of wind power in total electricity generation being expected to reach 12%. This translated to a wind power capacity of about 7200MW by the end of the decade.
It can get annoying when you get a lot of telephone calls from companies offering to help you with your PPI claims. It can even be enough to make you feel like you want to not bother to make any claims at all because you do not like the companies. You might feel that they do not deserve your business if they are going to keep disturbing you all of the time. However, if you have been miss sold PPI then it is worth you making a claim to get back the money that you paid unnecessarily. You do not have to use one of the companies that have called you and annoyed you. You can even make the claim without using a PPI claim company at all, although many people do choose to use one.
Many PPI claims companies will have websites and so you can find out more about them yourself. This could be a good way of doing research. You can find out about the company and how they can help you and if you call them you will find out what their customers services are like and ask any questions you might have, such as how much they charge. Finding out more about them, will allow you to choose which ones will be the best for you to use.
There are many companies out there, such as http://www.missoldppiclaimsco.co.uk who can help you with your claim. You may wonder how to decide which company to use, but hopefully by taking a look at the information on their websites, you can make a choice. There are a lot of companies to choose from but you will get an idea about each company and you will be able to choose which ones you feel happier about contacting. You may decide to go with a company that you have heard of, for example, perhaps one that has been recommended to you from a friend. You may rather go with the cheapest company or a local company. There are all sorts of considerations that you will need to make and these will help you to make a good choice.
It will take some time to call a selection of them, but it will help you to be confident that you have made the right choice with regards to which company to use. This will allow you to relax and know that the claim is being dealt with by a company that is well qualified to deal with it and should get you the compensation that you deserve.
Many people do not think too much about how to take care of themselves abroad. They may be sure to pack all the clothing they need, maybe some sun block and a few basic medications, but it is worth considering what may happen if you have an accident or get unwell.
You may just not think that it will happen to you or assume that you will get free care, but this may not be the case. There are some countries that do give free medical care to UK residents, but it is not automatic. If you are in Europe you will need a European Health Insurance Card. This will allow you to have some treatment for free or at a reduced cost, but does not cover everything. You need to check the details and find out what entitlements you get for the country/countries that you are visiting.
You may need to consider extra insurance cover for the place that you are going. Travel insurance can cover the cost of visits to see a doctor, hospital visits and treatment. It may even cover a flight home if you are too unwell to continue your holiday. This will vary depending on the cover that you take out.
You may be concerned about the cost of travel insurance, but you need not be. Although a trip abroad can be costly, you need not worry about adding too much extra to it. You may find that the company you buy the holiday from can give you an insurance deal that will be at a bargain price. You may find you can search around and find a good price elsewhere.
If you are young and have no diseases or medical problems then you will probably find that he insurance is very cheap. It will be dearer as you get older and if you have medical problems but you are more likely to need to use it. It can be worthwhile getting it, just to add peace of mind on to your holiday. It may not be anything like as expensive as you might think.
Tom is often referred to as a nomad who loves to travel. He strongly believes in both travel and health insurance when overseas.
If you want to find the roots of the entire PPI (payment protection insurance) scandal, you would have to look first at salespeople. Now, this isn’t to say that all salespeople are bad. That’s not to say that sales can’t be a great thing — everything starts with sales, and many non-sales people have their employment through the successful sales cycles of companies around the world. That said, there is something to be said about overzealous salespeople who pushed lots of policies. Did they do it knowingly? Sure, they did. Did they necessarily like it? Not at all. They were pushed down that road by managers, who were in turn pushed by other managers….you get the idea.
What needs to be said here is that if you want to see any of your PPI money again, you need to beat these salespeople at their own game through PPI claims. Filing a claim shows the industry at large that you mean business. Sure, you could go out on your own to accomplish this goal, but it’s not going to end with the same results. It would be smarter all around to think about getting real legal representation that will immediately go to work for you.
A solicitor already knows the best methods of getting your PPI premiums back. It’s not just about the premiums — it’s about getting compensation for being separated from your money in the first place. It’s about getting what you deserve. Do you really want to keep going, knowing that the extra money could have had a higher purpose than before? You could use that reclaimed cash to open new doors in your life. It’s never too late to turn over a new leaf and move in a different direction.
Getting the process started with PPI claims isn’t really a matter of pulling teeth. It’s all about getting the right advocate to get ahead of you, to fight for you and get things done for you. That’s the real key to success, when you really step back and think about it.
If you’re serious about getting back all of your PPI premiums, going with a solicitor is really the only answer. Not only will they address the claims that you know you are entitled to, but they could discover more money hiding out there. You just never know until you step forward and handle things appropriately. Good luck!
Many people choose to invest in equities because there is a chance that they will give a better return than savings accounts. However, it is important to understand about them before you invest and know exactly what you are getting in to.
You need to consider the risk that you want to take. If you want a lower risk investment then you should invest in bonds and if are prepared to take a higher risk then shares could be for you. It is worth remembering that even the best stoke brokers cannot predict the stock market and so it is unlikely that you will beat them. You need to consider that any money you invest in stocks could be lost and possibly easily lost. However, if you have bonds, then you will not be taking this big risk.
The reason that people are prepared to take a risk is because they can get bigger returns. However, they are prepared to lose the money. This means you should only invest in something risky if you can afford to lose all the money. It might not seem possible, but it can happen and so you need to know that you can manage if it happens to you. You might feel that is worth it for the potential returns. Bonds will not have such a big return but you will be guaranteed to at least get back the money you put in. It is possible that you might get back less than inflation, so you may lose some value in the money, but you will not lose anything from the actual balance invested.
It can be more sensible to keep some money in safe bonds and risk some in stocks that might make a good return. It is up to you and often comes down to whether you have the sort of personality that likes taking risks or not. Think about how you would feel if you lost the money, but also think about how you would feel if you didn’t invest and could have made a lot of money. It can be a difficult decision to make as you have to balance the risk and decide. You can reduce the risk by researching the companies whose stocks you will be buying and think about whether you think they will do well, but this is not a sure fire way to ensure good results but it is more sensible than just buying random stocks without thinking.
If you can handle paying your bills each month, you may assume that you are in perfect financial health. However, there are often serious financial issues lurking just below the surface. Many money problems can worsen over time without any notifications ending up in your email inbox. Each serious issue causes a number of small signs to appear. Keep an eye on your finances by looking for any of these trends in your spending habits or bank balances.
The Top 3 Most Serious Signs
Sit down with your pay stubs and compare them to the amount you spend on rent or mortgage payments each month. If your home payments use up 30% of your take-home pay or more, you need a financial makeover. It can be nearly impossible to save enough for emergencies when your rent is 40% or 50% of what you earn. You may need to pick up another source of income or find a more affordable place to live. Refinancing with the help of MoneySupermarket.com can also help.
Pulling out your credit card to pay bills is a bad sign, but it is even worse if you are paying off one credit card with another. Transferring the balance of one card to another with a lower interest rate is a useful trick for cutting debt. Paying a monthly minimum payment with another card means you need a financial makeover immediately.
Failing to track your spending and check your bank statements is another warning that you are sinking into financial trouble. You need to balance your checkbook or make notes on credit card balances to avoid over-drafting your accounts. There should be no reason to avoid opening mail from your bank.
Other Bad Signs
Living paycheck to paycheck is a reality for many families, but it should only happen during emergency periods. A financial makeover can help you balance out your living expenses and your income if you can’t break the cycle on your own. Everyone needs to have emergency savings and a little extra each month for retirement.
Tracking your spending on entertainment, dining out and other non-essential expenses may surprise you. Spending more on these extras every month than you save for the future is usually an indicator of imbalanced financial goals. This is especially true for people who will reach retirement age in the next 10 years. Putting away more than you spend ensures you have plenty to cover your costs during the rest of your life.
You make money, but are you making your money work for you? Many people make the mistake of simply bringing money in and paying it out as necessary. Financial stability goes beyond a decent paying job and a basic bank account. You need a plan to create more wealth and a stable future for yourself and your family.
Debt is a financial and stressful weight for most people. Credit card debt eats away at your money; you pay interest and receive nothing in return except the privilege of buying something you didn’t have the cash to pay for.
Even secured debt, such as a car loan, nibbles at your savings. Pay more than the minimum due whenever you can to free yourself from debt early and don’t create more debt if you don’t have to. Minimum payments on your debts are designed to benefit the creditor by maximizing the amount of interest you’ll pay over the life of the debt.
Make a Budget
Budgeting is one of the most important tools you have to reduce debt and save for emergencies and your retirement. An accurate budget will show you exactly where all your money goes each month. Don’t leave out any item, no matter how small you think it is. Small expenses add up over time and you may find you’re spending more on “little” things than you think.
Once you’ve made your budget, decide what you can cut. Budgets are not just meant to give you a picture of your current financial state. A detailed budget will help you find your wasteful spending and encourage you to save more. Even if you can’t cut out an expense entirely, you may be able to reduce the amount by looking for a cheaper service or cutting features.
Save, Save, Save
The most common basic bank account, a checking account, is a convenient way to pay your bills, but money you have sitting in there isn’t working for you. Checking accounts have low or no interest rates. The bank is using your money, but you’re getting only convenience in return.
Open a savings account and start saving immediately. Even if you only can afford to put $10 a week in there, after a year, you’ll have $520 saved. If you have an emergency, you can use your savings to cover it instead of putting yourself into debt by relying on credit cards or loans.
If possible, try to open a savings account that requires you keep a minimum amount in the account at all times, such as $200. If you open an account with a minimum deposit amount, you’ll be less likely to take money out unless the situation is a genuine emergency.
A PPI claim is something that everyone has to decide for themselves when it comes to whether or not you claim your money back or not. You might assume that this is a pretty obvious answer, but you just might be surprised. You see, some people feel that they don’t have any options when it comes to getting their money back. They don’t want to be a squeaky wheel or risk being punished for speaking out for some reason. The truth is that if you don’t stand up for what you believe in, you’re going to get run over all of the time. You’re going to be lied to, cheated upon, and ripped off at every turn — after all, if companies know that you won’t fight back, what incentive do they have to treat you fairly?
Now, for some this might sound a bit of high drama but the reality is that life is what you make of it. If you want to get a PPI refund, you need to get in touch with a claim company as soon as possible.
The bottom line here is that you just won’t know what your PPI refund will hold until you claim it. You could have multiple PPI policies out there, which means that you’ve poured a lot of premiums into the PPI process. Do you really want to see that money to go to waste just because you’re thinking about everything that can go wrong?
The money that you get back isn’t just the sum of all of your premiums. That just wouldn’t go a long way in making things right. You will also be entitled to interest paid on the amount that was stolen from you. Couldn’t that money really change things in your life, at least for the short term? What will you honestly get a chance to do that you couldn’t do before the lump sum of cash?
It’s time to find out. You can get your PPI refund process underway by looking up no win no fee solicitors. They will take care of your needs and only take a small percentage from what you stand to gain from the transaction. This is because they are going to be taking steps on their side to get things going, so why wouldn’t you want to ensure that everything is going to be properly taken care of? It’s something that you really need to look at from the perspective of your own best interests. We can’t speak for anyone else, but if someone was taking our money for no reason, we would want to do anything we could to get it back!
Do you have a dream of starting your own company? If you have just raised your hand right now you would be in great company. Many people think about starting their own business, and it’s pretty easy to get things underway if you really want them to be. You just have to make sure that you’re going to be able to get things taken care of eventually — that’s the way to really see your vision take place. A lot of people worry about financing when the best source of financing could be right under your nose.
Business loans for home owners do exist, but you have to make sure that you are working hard to get things done on your part. You have to research them and make sure that this is something that you utterly want to do. While we’re not trying to scare you, you need to understand that this is definitely something pretty serious. You don’t want to rush into getting a loan against your home if you’re not truly serious about starting a real business that’s going to be able to take care of itself. You have to make sure that you have a solid business plan and that you’re not afraid to get things done. If you skip over this basic stability, you’re going to be in for a rough time that you don’t really need to go through.
From here though, you have a lot more options than you might imagine. For starters, you can tap the equity in your home to raise the money for your business. That means that you’re going to get a big lump sum of cash that you can use for the new venture. One of the hardest things a business has to go through is being able to fuel itself before all of the business revenue comes in. There are things that you have to have for your business to run smoothly.
What about the best information? You’re going to need to take more time to do research so that you don’t end up getting a bad loan. You should check out www.homeownerloans.org.uk — this is one of the top sources of information for homeowners looking into getting these types of loans.
It cannot be stressed enough — this isn’t going to be for everyone. But if you honestly have given a lot of time and thought to running a business, then it’s time that you check things out for yourself on a deeper level — why not start today? You’ll truly be glad you did!