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Money Counters Simplifying Money Management

(category: Finance, Word count: 214)
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When you hear the word "money counter", the first thing that comes to your mind is someone who counts money. Money counters do count money, but they are not persons. A money counter is a machine that can count, add, stack, and detect money. Money counters are used by banks, arcades, casinos, restaurants, multi national companies and any firm that handles a lot of cash or change in a day.

Money counters are used all across the world to increase speed of counting cash, eliminate errors and simplify money handling. There are machines that can handle international currencies. These machines can detect the currency from various countries and display their values.

Money sorters come in all kind of shapes, sizes and types, as well as configurations and price ranges. There are simple banks meant for children that help them count their allowance and there are complex counters that place coins into rolls and tally the exact amount. There are other money counters that count and sort cash as well.

Counterfeit Detectors

A counterfeit detector is a built-in setting in a money counter that detects fake currency from the rest of the bundle. If the currency is counterfeit, an alarm alerts the user. A counterfeit detector has the following components

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Be Cautious Of Those Offering Foreclosure Help

(category: Finance, Word count: 539)
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If you are facing a potential foreclosure, you are in a tough situation. But you aren't alone. With interest rates on the rise and home appreciation on the slow down, many homeowners are having trouble hanging on to their homes.

And there are plenty of people banking on the desperation that this causes. You may have noticed advertisements popping up for help avoiding foreclosure. Are they legit?

First of all, no matter what your situation, you should always treat any offer of assistance with caution. Many cons use "helping" as a way to cheat struggling homeowners out of their equity. You could lose the money you have in your home and your home too.

Mortgage foreclosure rescues come in several forms. You may be loaned money by the rescuer in order to pay off the mortgage that is facing foreclosure. You will be asked to sign a loan agreement, but it isn't what it seems. You are actually transferring all of your interest in the property to the rescuer. You are then evicted from the home.

Sometimes, the homeowner knows that he is signing over the title to the property. The rescuer pays off the property and the homeowner agrees to lease the home and continue to live there until he is back on his feet financially. But the lease payments will become larger than the mortgage payments. The victim falls behind and is evicted. If the victim doesn't fall behind, the rescuer will set the price of the home so high that it cannot be repurchased.

Many homeowners believe that if they are foreclosed on, they loose everything. Even if you lose your home to the lender, you may still receive money for it. The lender will only take any unpaid mortgage and associated fees out of the sale price of the property. The rest is your equity and will be paid to you. If you sign over your property to someone else, they will receive the proceeds from the sale.

How do you recognize and avoid scams?

1. Ignore any signs or bulletin board notes that offer foreclosure help. If they are advertising on the windshield of your car, they probably aren't legit.

2. Don't give out any information to anyone who contacts you wanting to help. Cons frequently check the public foreclosure notices for potential targets. They are betting that you are desperate to find a way out of your situation.

3. Read every single document, front and back. If an offer is too good to be true, it probably is. If someone says that you won't get a dime after your home is sold, don't put your trust in them. There is often a good chance that you will. For a few hundred dollars, you should have an attorney accompany you to read through every document that you are expected to sign. Also, watch out for documents with blanks and empty spaces.

4. Check out any company you are considering turning to with the Better Business Bureau and the state Real Estate Commission. You might even want to contact the state attorney general's office to see if there are any open investigations of the company or its owners.

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Home Business Financing 3 Reasons To Use A Credit Card To Fund Your Home Business

(category: Finance, Word count: 595)
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Would you like to start your own home business but do not have the money for it? Well, you are part of a club with many members. You may think getting money for a business can be a monumental task. However, it does not have to be. If you anticipate and plan for as many expenses as possible you may want to consider using a credit card to finance your home business.

One of the easiest ways to get a loan for your home business is to apply for a credit card account. It may not be the answer you are looking for. However, credit cards are easy to receive if you have decent credit. Plus they are very flexible in using for spending purposes. Consider these three reasons for using a credit card for your home business.

The most important reason about having a credit card for your business is you get to keep your cash assets. Even though there is a risk of acquiring debt, you still get to keep your cash in the bank for a rainy day. I find this a very valuable benefit because you keep your family's money in tact and reserved for family needs. Your savings will continue for its original intentions (i.e. college money for kids, school clothes, etc.).

Another benefit is that Credit Cards have itemized statements of purchases. This is great for keeping track of money you spend on your business. The itemized statement provides proof that the Credit Card is being used for business expenses. Also, if you use the credit card for all of your purchases you can easily report expenses when tax season rolls around. Payments made that are shown on the statement is proof where your businesses money is going.

Finally, and this is my favorite reason, you have increased purchasing power with a credit card. You can use a major credit card to purchase items almost anywhere in the world. Having direct access to the funds is much more flexible than a loan. This also provides flexibility in time management because you can use the credit card to purchase items at your convenience if you have internet access.

The downside to this is that the credit card minimum payment will be an additional expense. Also, credit cards are a very easy way to acquire a lot debt for yourself if you are not careful. Always practice good and sensible spending practices. Once you start a home business it is very exciting time in your life and you may want to spend money on lots of things that you think you may need.

Always think of the basic needs of the business first. I tend to be very frugal with spending on a credit card then I do with cash. One way to curb spending by asking yourself, "Does my business really need this item right now?" Give yourself an honest answer and empower yourself to cut down on impulse buying.

Try to think out of the box when getting funding for your home business. A credit card to fund your business start up expenses may make things easier for you. Also, there are many offers for low interest credit cards for a specified time period. So, if you need a few thousand dollars in capital to start and sustain your business for a while then credit cards may be the answer to financing the start up costs your home business.

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New Rules For Buy To Let Landlords

(category: Finance, Word count: 112)
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A tightening of regulations regarding the letting of larger properties containing three or more storeys, converted into smaller self contained residential units, came into force at the beginning of April 2006. Further information on the Licence for Multiple Occupation is available on, but here are the basic facts:

The licences will be issued by the Local Authority after an inspection regarding room arrangements and sizes, facilities included and fire and safety regulations. The landlord will also have to satisfy the Local Authority that acceptable arrangements have been made for the management of the properties. The costs of these licences are expected to be around

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First Time Investorshow Much Money Should You Invest

(category: Finance, Word count: 380)
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Many first time investors think that they should invest all of their savings. This isn't necessarily true. To determine how much money you should invest, you must first determine how much you actually can afford to invest, and what your financial goals are.

First, let's take a look at how much money you can currently afford to invest. Do you have savings that you can use? If so, great! However, you don't want to cut yourself short when you tie your money up in an investment. What were your savings originally for?

It is important to keep three to six months of living expenses in a readily accessible savings account - don't invest that money! Don't invest any money that you may need to lay your hands on in a hurry in the future.

So, begin by determining how much of your savings should remain in your savings account, and how much can be used for investments. Unless you have funds from another source, such as an inheritance that you've recently received, this will probably be all that you currently have to invest.

Next, determine how much you can add to your investments in the future. If you are employed, you will continue to receive an income, and you can plan to use a portion of that income to build your investment portfolio over time. Speak with a qualified financial planner to set up a budget and determine how much of your future income you will be able to invest.

With the help of a financial planner, you can be sure that you are not investing more than you should - or less than you should in order to reach your investment goals.

For many types of investments, a certain initial investment amount will be required. Hopefully, you've done your research, and you have found an investment that will prove to be sound. If this is the case, you probably already know what the required initial investment is.

If the money that you have available for investments does not meet the required initial investment, you may have to look at other investments. Never borrow money to invest, and never use money that you have not set aside for investing!

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Part Time Trading Making The Most Of Your Time

(category: Finance, Word count: 580)
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It seems like I am always answering the question as to whether trading can be done meaningfully on a part-time basis. My answer is always the same - "Absolutely!"

Somehow people have been convinced that you have to spend hour upon hour in front of computer watching the markets in order to have a chance at success. That is simply just not true. Part-time trading can be extremely worthwhile - in some cases even more so than trading more actively. I am proof of that. Even though I sometimes do have the opportunity to trade more frequently, my best trades always seem to be the ones I do on a more part-time basis - the ones that only require an occasional check of the markets.

This may sound strange coming from someone who used to be a professional analyst and really does enjoy the markets, but I really have no desire to spend all day in front of the trading screens. It's a grind, and I have a lot of other things I enjoy doing a whole lot more than watching price quotes tick up and down. I'm sure you could say the same.

Effective part-time trading is simply a matter of maximizing the time you have available. That might be an hour a night, or maybe a couple hours on the weekend. Maybe it's even less than that. It doesn't matter. If you make the most of what you have, you can do good things trading part-time. Doing so is a matter of developing a method for your work and applying it consistently.

I'll use myself as an example.

My schedule is somewhat convoluted. I travel frequently and my activities have a seasonal nature to them. There are points in the year when I have almost no time to devote to the markets. At other times I can maybe put in an hour each morning. Then there are also times when things are more open and I can be a bit more active.

Regardless of my time availability, though, I always do the same thing. I scan the charts for the markets I'm interested in trading and look for something specific. If I don't see it, I move on to the next. If I don't see anything good, I don't trade. It's as simple as that.

My available trading time will dictate which timeframe charts I look at when doing my scan. If I'm at a point where I can be more active, I'll perhaps look at the hourly charts. If I can only check in on things once or twice a week, I'll look to the daily and/or weekly charts to find possible trades with longer holding periods. In that way, I can choose the best timeframe for me to operate in for my schedule at that point.

What is more, I don't ever have to trade. That's a major advantage for part-time traders. Unlike our full-time peers who are under pressure to produce results every day, we can pick our spots and only go after trades likely to be big winners. I'll take that relaxed approach any day!

Let's face it. Full-time trading is a commitment most of us will either never be able to or never be willing to make. That doesn't mean we cannot make excellent use of the markets to better our financial situation. Part-time trading can certainly provide the opportunity to do just that.

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Hard Money Borrowers Solution For Low Credit Foreclosure And Bankruptcy

(category: Finance, Word count: 873)
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A couple from Palmdale, California called my office Monday afternoon asking if we can help them save their home. They are delayed in their mortgage payments for 3 months and their house is in foreclosure. They have kids, they love their house, and they don't want to move anywhere else. They have low credit, in foreclosure and have high debt ratio so banks turned them down. Knowing the urgency of the couple's situation, I started asking them questions about their financial situation, what affected their credit, how much mortgages they owe, liens, collections, judgments, etc. At the end of our phone call conversation, I told the borrower that we can get them a loan through hard money investors. The borrower was surprised to hear that they finally can get a loan and avoid losing their home. Applying for a loan through regular banks is subject to limited loan to value, debt ratio, income documentation and credit rating guidelines. For homeowners or borrowers who have low credit rating, in notice of default, foreclosure or bankruptcy, they will immediately get declined by banks. Does it mean that they cannot get a loan and lose their home? Absolutely NO!

Hard money or private money loan is the solution for low credit borrowers and who are in financial distress such as notice of default, foreclosure, bankruptcy, credit delinquency, judgments, collections, tax liens, etc. Hard money is equity based, non-fico based lending. As long as the borrower has equity left in the house after the deductions of all mortgages owed, liens, charge offs and collections, interest payment delays, and prepayment penalty. Hard money represents hard-earned money of individual investors, groups, corporations, insurance companies, and hedge fund managers who are able to offer financing based on equity or collateral from the borrower.

Hard money investors or lenders have a standard 65% Loan To Value(LTV). In some cases there are investors who can go up to 70-75% LTV. For hard money investors to go up to 80-90%LTV, they will demand to be on title to secure their investment. At 65%LTV, it is possible to submit a loan as stated income. Beyond 65%LTV will require full income and asset documentation. For borrowers who are going through financial hardship such as employment termination/downsizing, medical emergencies, natural disasters, divorce, business loss, or other valid circumstance that puts them in financial distress, hard money lenders are willing to work with them as long as they show an ability to repay the loan or have an 'exit strategy' when the term is over.

Hard money is short term financing, usually within 6 months to 1 year, although 2 or 3 year terms are also available. The purpose of obtaining a hard money loan is to provide immediate solution to foreclosure or low credit borrower that needs immediate cash to payoff debts or the existing loan has already mature and needs to be paid off.

Hard money is the last recourse for borrowers if they can't get regular bank financing. Hard money or private money loans are much higher in rates and points. The rate can range from 8.5, 11, 12, 13 up to 15% depending on loan to value and income documentation. Although hard money is non-fico based which can go below 500 mid score, the credit history of the borrower can also affect the rate that they are getting. The high rates and points for hard money is an investment caution for hard money lenders or private investors. High risk borrowers present a potential headache to the investors when they default in payment. Going through the foreclosure proceedings, attorney fees and selling the property turnaround time are factors that bring high liability to hard money lenders.

The reality of hard money is 'high return vs. high risk' business relationship. Hard money lenders or private investors are willing to take on high risks as long as it's a good investment return. Not all borrowers have good paying ability, which caused the private investors to charge higher rates to prepare for future risks and carry the property through foreclosure and re-sell the property. If refinancing for hard money will not work for homeowners/borrowers who are in notice of default, foreclosure or bankruptcy, there are other creative ways that they can get help from hard money investors. Such creative ways may include a sale contract, lease purchase or the investor going on title and giving time for the homeowner to sell the property. These are not easy to do but can be done if the homeowner doesn't have other options. The advantages of hard money loan allow the borrower to get out from financial distress by paying off debts, save home from foreclosure, avoid bankruptcy, and ability to rebuild credit within 6 months to 1 year timeframe. Hard money offers a 'great rescue' for homeowners and borrowers during hard times.

Hard money or private financing is available for both residential and commercial properties. Common loan programs include Raw Land, Construction, High End Million Dollar Estates, Apartments, Hotels, Motels, Mixed Use Properties, Office Building, Shopping Mall, Mobile Homes in Park, Gas Station, Restaurant, Hospitals, Golf Courses, Casinos, Convalescent Homes, Grocery Stores, Manufactured Homes, and even Business Loans.

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You Might Still Want To Refinance

(category: Finance, Word count: 527)
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Even though rates are on the rise, that doesn't mean you shouldn't refinance.

Practically everyone has refinanced or thought about it at one point in time. We've seen the dozens of commercials that urge us to do it. With rates at record lows over the past few years, refinancing has helped many borrowers lower their monthly payments.

But rates are now on the rise. Refinancing applications have fallen slightly. Most people don't think you should refinance when rates are going up. However, many refinancings are "cash-out" refinancing. That means that equity is handed over to the homeowner in return for a larger mortgage. Many people need that cash.

Some people are refinancing their homes for a "cash-out" because they have a significant home-equity line of credit balance. This line of credit has an adjustable-interest rate, which is going up on them. They refinance it in with their first mortgage at a fixed rate. They aren't eliminating the debt, just fixing the interest rate and monthly payment. If you don't need the revolving line of credit, you should probably take advantage of the fixed rate.

There are many homeowners that piggyback their mortgages when they are buying. They end up with one mortgage for 80% of the value of the home and a second mortgage for 10%. They put the remaining 10% down on the home. Since the first mortgage is only for 80% of the purchase price, they avoid having to pay PMI.

Many piggybackers have a line of credit as the second loan. Others simply want to consolidate into one loan that would be easier to keep track of. Either way, refinancing into a fixed-rate isn't a bad idea. And one payment is easier to make on time each month than two.

Those out there with adjustable-rate mortgages are starting to get a little nervous. Interest rates have been rising pretty fast. The gap between the rate of a adjustable mortgage and a fixed mortgage has narrowed so much that you really don't save much by taking the adjustable mortgage. Many are looking to avoid rising interest rates by financing to fixed-rate mortgages.

Refinancing can be a good thing. You can get a fixed rate to counter the rising interest rates. You can use cash from a refinancing to consolidate your debt. You can improve your home. But you should be careful about taking too much equity out of your home.

Many advisors warn consumers not to use their homes as personal piggy banks. If home prices decline, you could owe more than your house would sell for. In a cooling, or slowing, real estate market, you do not want to be maxed out on the equity in your home. If something happened and you had to sell, you want to walk away from the closing table with money, not have to go to it with a check. Paying to sell your home isn't how you want to do it.

Fixed-rate mortgages are always a good and solid financial choice. Anytime you are looking to refinance, your best option is to go with the shortest-term, fixed-rate mortgage you can afford.

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The Gross Domestic Product

(category: Finance, Word count: 174)
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The Gross Domestic Product (GDP) exprimes the gross added value of the final output, produced by the economic agents inside the borders of a country, no matter if they belong or not to that country.

In the two definitions above was mentioned the word final: final output, final goods etc. When we speak about this word, we reffer to the goods and services produced in the course of a certain period of time, and which are no longer used to produce any other goods.

In case they are used in an ulterior process of production we speak about intermediary consumption. If we add to the Gross Domestic Product the intermediary consumption, we get another indicator, the Gross Aggregate Proudct.It is important not to include the intermediary consumption into the GDP, in order to avoid the double registering, whose effects are the altered images of the macroeconomic results.

The final goods, included in the calculation of GDP, are meant to get directly into consumption, being sold to final consumers.

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