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Tips On How To Spend Your Windfall Income

As individuals, especially workers we sometimes get windfall incomes in forms of bonuses, profit shares, etc. However, a lot of the time the temptation is to spend the money on acquiring a new car, new clothes, shoes, new phones, among other things. While acquiring these things in themselves is not a bad idea, it is wiser to use windfall incomes for things that will have long term positive impart on our lives especially because we do... ❯❯❯

Construction Bonds Establishing Secure Connections

This construction bond is the title given to a kind of surety bond that has been made to come into use by investors in projects related to construction. This step has mostly been taken to provide a certain kind of protection against a very severe kind of event taking place that can cause a certain kind of hindrance or failure in the completion of the project, the reason behind it being the insolvency of the builders or the... ❯❯❯

Choosing the Ideal Insolvency Practitioner

Selecting an IP for your company is a decision that should be taken with a lot of care because it is very important. You may need an IP so as to close the company or to get help so as to turn around the company and start getting profits once more. The choice you make of the practitioner determines just how well you can achieve the outcomes that the company desires. It affects the experience you get at an overall level and the process... ❯❯❯

How Automation and Data Quality Are Boosting Operational Risk Management in Commercial Banking

Since the financial crash of 2008, commercial banking has undergone a monumental shift in regulatory reform to both manage and mitigate against operational risk. This transformation has been combined with an increased focus on improving enterprise-wide efficiency, profitability and shareholder value. Established regulations such as Dodd-Frank, Sarbanes-Oxley (SOX), Basel II (superseded by Basel III) and the forthcoming rollout of... ❯❯❯

Bank Balance Sheet: What You Need to Know

A balance sheet of a bank shows all financial operations conducted by a bank for a certain period of time. It reveals the borrowed funds by them, their own funds, their sources, their placements in credit and other transactions. It is recorded in the two ways. In the left part (asset) all assets are reflected and in the right (passive) - liabilities and capital of the bank are positioned. An asset is anything that can be old whereas a... ❯❯❯

How to Be Free From a Poverty Mental Stronghold

Financial three step plans, money making formulas and sowing and reaping scriptures can all be well and good, but if you have a poverty stronghold lodged and hidden in your mind, you may never enter your earthly wealthy place. If you feel you might have a poverty mental stronghold keeping you from your earthly wealthy place and you want to be set free, then this article is for you. Gary was a Christian who had been taught in church... ❯❯❯

Fully Maintained Novated Lease Vs Non-Maintained Novated Lease

Novated lease is considered as a financially productive way in securing yourself your dream car. There are two types of novated lease. A fully maintained lease and a non-maintained lease. Both leasing options allows you to get the car that you want through salary sacrifice and with tax benefits. However, one is more financially rewarding compared to the other. Let us differentiate the two through this article. What is a fully... ❯❯❯

Financial Planning Service Companies - Why Select the Best?

The world without any considerable doubt can be easily considered as one big market. Trade and business are the only two things that keep the world running. Yes, there are inventions and discoveries as well, but they are also traded to get through with an ample amount of profit. People can easily come around with one or the other form of business. Either they own it or work for it. Each of these businesses thus has their financial... ❯❯❯

7 Signs of a Decaying Financial Portfolio Management System

One of the biggest threats that most Portfolio Managers face is the prevalence of legacy systems. Over the past three decades, investment advisors have been empowered by the advent of technology from simple spreadsheets to complex home-grown systems. From that time to the present, the industry has seen exponential growth and with it, enormous complexity. Challenges include round-the-clock trading in markets from New York to Sydney,... ❯❯❯

Stash Your Cash - A Safe Haven for Your Savings

In the times we're living in today many people are looking for alternative ways of saving their money. As inflation and debt levels continue to soar while wages remain stagnant, it's becoming increasingly difficult for people to grow a nest egg. In the book, "The Richest Man in Babylon", Arkad was widely known for his great wealth. The story suggests he had a working theory of, "A part of all you earn is yours to keep. It should be... ❯❯❯