Financial Education | Positive Words Research

8 Tips To Avoid Depression When Choosing An Auto Insurance

04/10/202309/17/2021 by -

According to Conaset, in 2019 there were about 90,000 traffic accidents in the United States and Mexico. If you add to this the thousands of stolen vehicles, there is no doubt about the importance of auto insurance. Together with the Bestcarinsurancewsa we have prepared this article about how do you choose auto insurance without getting depressed.

There are many reasons why choosing auto insurance is becoming stressful and depressing especially when you deal with the wrong agent or the wrong company. Add the high cost and difficulty to claim and the result will surely be a disaster.

In general terms, the best auto insurance will be those that offer the largest and most varied coverage and assistance at a lower cost. Aspects such as quality of service, response time, and solvency of the insurance company are also of importance.

In the market, there are numerous insurance companies that offer convenient options that adjust to the needs and budget of each user.

How do I choose the best insurance for my car?

1. What do I want to cover?

In the market, there are numerous insurers with different types of plans and extra services that could be very useful in case something happens. The first step to hiring your auto insurance is to think about the risks that you want to cover. In this way, you can choose the service that fits your priorities and why not, know and enjoy the additional services.

From roadside assistance, towing, replacement of the car while your vehicle is at the mechanic, accessory theft, free transfer for technical review, property damage abroad, and even a replacement driver.

Insurance for your car not only serves to cover a claim but also includes these and many other options that will make your experience on the road, a total relaxation.

2. Fine print

When you are already clear about what plan you will take and with which company, you should carefully review the conditions and terms of the agreement. Once you receive the policy, make sure to check that all the points that are established correspond to those that you agreed with the insurance company.

Put special emphasis on aspects such as the maximum amount covered for each of the contracted coverage, the deductible, the validity of the insurance, the cases it does not cover, the extra benefits, and the deadlines for the premium payments.

3. Compare coverage

When you receive a quote, do not stay with it, evaluate each of the active coverages: theft and vehicle damage, consequential damages, moral damage, unemployment, accessories, damages due to contingencies, and malicious acts.

Based on the coverage available, always consider that the best auto insurance is customizable, that is, that it adjusts to your needs.

4. Exclusions, deductibles, and insured amounts

Exclusions are the concepts or risks not covered in an insurance contract, for example, damages due to driving under the influence of alcohol. Each insurance plan has different exclusions, so you will have to read the contract very well.

As for the deductible, it is the sum in UF that the insurer does not cover, but will come out of your pocket. The lower it is, the higher the premium to pay.

When choosing the best auto insurance, compare both deductibles and insured amounts for each coverage.

5. Liability to third parties

An aspect sometimes not taken into account is civil liability.

If you are involved in an accident, you do not want to go into debt or face charges for damages to third parties, so liability with third parties for consequential damages is basic and very necessary.

6. Accessibility and convenience

The technology is to be used, which is why today the best auto insurance is quoted and contracted via the Internet, with instant activation and without having to worry about the inspection, since home care is available.

In addition, all communication channels with the insurance company (web, telephone line, WhatsApp) are available 24/7 every day of the year.

7. Assistance

Stranded by a technical problem? With the best auto insurance, all you have to do is grab your phone and help will be here in no time.

Always look for assistance and additional benefits, such as towing, replacement car and driver, stay and transfer of driver and companions, tire change, battery, and fuel charge, among others.

8. Support and solvency of the insurer

Obviously, it compares only recognized, registered and solvent companies before the Superintendency of Securities and Insurance (SVS).

What is the most reliable auto insurance?

High and wide coverage, low deductibles, fewer exclusions, a variety of assistance, convenience, and quality of service, but more than anything, when defining which is the most reliable auto insurance, choose the one with the best customization options.

On the other hand, ask yourself concise questions to determine the proposal that best suits your needs: do you need to have all the coverage? Which ones are more important? You may not need to meet the highest and most varied coverage on the market, but you do need the ones you need the most.

Hiring insurance for your car should not be a cumbersome process, and for that reason, we want to show you the number of additional options that you can access. Also, what are the aspects you should not ignore when choosing insurance so that you can make a better and more informed decision?

Is it mandatory to have insurance for your car?

The traffic law establishes that to drive a motorized vehicle you must have SOAP insurance, which is the Mandatory Personal Accident Insurance.

This is the most basic insurance and its mission is to protect people who have an accident in which the insured vehicle is involved.

SOAP coverage includes medical and disability or death expenses. This indemnifies the affected party or the beneficiaries, as appropriate.

But why is it recommended to take out additional insurance for your car?

Having auto insurance is no longer a luxury and therefore many people choose one to better cope with unexpected situations and enjoy the experience of driving calmly and confidently.

In most cases, by hiring additional insurance for your car, you will not only cover physical damage to third parties but also material damage generated in the accident, if you suffer a theft or the total loss of your vehicle. , among other things.

Positive Words Research – How To Avoid Depression When Choosing An Auto Insurance

6 Tips For Managing Your Federal Taxes as a Small Business

04/10/202308/18/2021 by -

The truth is, taxes can always be a time-consuming business, especially trying to make sense of all those complexities and issues revolving around which taxes are due (federal, state, or local), which filing process is required, and what type of taxes each level of government collects. However, it is always important for entrepreneurs and business owners to be able to understand the nuances around these and be adequately prepared even before tax days arrive. So, here are some tips on how to manage your taxes as a business owner.

Always plan ahead

In business, planning is everything and can be the difference between a smooth tax filing and payment, and a long drawn-out process with the IRS. First, have an idea of when to file early, so you can take advantage of early filing deductibles. You can mark out dates in your schedule or calendar every year for the quarterly tax filing and payment dates. Planning also hel[s to minimize your tax burden, and ensure you save money by paying as little as possible.

Make sure a digital and electronic record of every transaction is safely kept, as you will need to go through them when sorting your taxes. Make sure to keep a steady amount of money on the side, so you do not start running around when the date is due.

Figure out how much taxes you need to pay

The first step is to identify how much taxes are due, from local to state to federal. Determining your exact tax liability will help you identify the specifics involved in all obligations and give you the right framework when speaking to a professional. Generally, the task liability of most businesses will be governed by primary considerations such as business structure location, location, and assets.

Taxes are not only determined by revenue and deductibles, other notable considerations will include stock and inventory, structure, size, and the number of employees is also important considerations. Remember that if you are not a sole business owner and have employees, you will need to also file employment-related taxes.

Get professional help

It is always good for you as a small business owner to get professional help, so that all filings and payments are done correctly and under the law. Apart from the need to file correct taxes, professional CPA firms can be a very cost-effective way to get your filings done with minimal effort, and with much fewer complications. They can also help reduce the tax burdens and ensure as much money as possible is kept in the business, which is critical to the long-term success of your business.

As a small business owner, you want to minimize costs as much as possible, so you can either get a software tool to help with filing, or you can also decide to hire an accountant. Both measures can be effective but also quite pricey, an accredited CPA firm can be the best way to go.

It especially is the best option if such a firm focuses exclusively on small businesses, so it makes it easy to evaluate records and make sure it is the right fit for you. If you want to go with a professional CPA firm, Taxfyle is one of the best places to go when you want to file business taxes online. Other important tips to consider include;

Revenue and Deductions

After proper documentation, it is important to calculate all taxable income so that you can get an appraisal on what you can expect to pay, and how to make a budget for it. A revenue for taxation purposes is any sort of income you receive that is connected to your business, whether it is a product or a service. Generally, the main question is, would this income have been made if you did not start the business? If yes, then it is taxable business income. If not, then it is not taxable business income.

So, how do you determine any deduction? Well, deductions are important if you want to reduce your tax burden and take up as much profit as you can. It would be best if you remembered that tax evasion is different from tax avoidance. The former is illegal, while the latter is legal. With the latter, you are essentially taking advantage of loopholes within the tax system. Common deductions include travel expenses, entertainment, home office deduction, casualty losses, and capital expenditures.

Net profit

An easy way to calculate what you make at the end of the day is by calculating your net profit. First, calculate your entire gross income, which is money made across the board with no deductions. Then make all the necessary deductions such as operating income, cost per acquisition, running costs, inventory, purchases, and other business expenses. The difference is the net profit of your business, for taxation purposes.

If you are a sole business owner, then you are obligated to pay your self-employment taxes from your business income. You can smartly reduce tax liability by choosing the right amount for self-employment and compensation, thereby giving you enough deductibles to compensate yourself, while ensuring that you have minimized your tax liability. Another interesting thing is that you can also deduct this loss against any business income accrued over the business year, or even let it roll over to the future, thereby offsetting income in the following years.

Tax credits

Another easy way to reduce tax liability beyond deductions is by claiming tax credits. The major advantage they hold is that they can be deducted from your business income for your tax bill. However, you need to have a good understanding of how tax credits work, so getting professional is the best way to go. They involve very complicated conditions, which can be problematic for first-timers.

The Bottomline

Taxes can be a frustrating process because apart from their time-consuming nature, they also eat into precious profits. So, it is always best to make the process as easy and seamless as possible, while still ensuring you get to keep as much profit as you can. Following these steps is a good way to ensure that.

Positive Words Research – 6 Tips For Managing Your Federal Taxes as a Small Business owner

How to Control Your Debt and Grow Your Net Worth Tips

04/10/202305/10/2021 by -

Unfortunately, being in debt is something many people can relate to and living paycheck to paycheck is more common than not. The types of debt many struggles with been wide-ranging as well, whether it is from their car, past schooling, or medical expenses. No matter the case, owing money can be extremely stressful, especially if you are in a position where you can’t afford to make repayments. Fortunately, there are more possibilities than ever before for getting in control of your debt. Even better? Nowadays, more and more people are going from being deep in debt to grow their net worth to heights they had never imagined before. The first step to achieving this is to understand all the different ways you can approach how you spend and save your money.

1. Refinance

Refinancing remains one of the most popular ways to decrease lower monthly payments. Doing so includes getting a better deal on the often-high interest rates you pay with your current loan. For example, if you have a student loan repayment plan with a high-interest rate, you can consider refinancing the loan with a private lender. The lender will offer you a new loan, often with a much better rate and flexible repayment plan. You can use a student loan refinance calculator to know what to expect to pay. If the rates look favorable, you can check out the top private lender websites and from there you can submit an application.

2. Cut Back on Expenses

This one may seem like the most obvious choice, but it is one that many still struggle with. Fortunately, cutting back on expenses, once you get into it, becomes like second nature. You can do so in a number of ways, including by cooking at home, switching to a cheaper cell phone plan, cutting out unused monthly subscriptions, and making use of coupons and discounts. The cash you save from doing so can help pay for debts and grow savings.

3. Find New Sources of Income

The best way to both pay back your debt and grow your net worth is to find more sources of income. The options for extra income are nearly endless these days. Many take on freelance work, which can involve such things as freelance writing, graphic design, photography, translating, becoming an exercise trainer, or tutoring. Chances are, if you’ve got a skill, you can make money off of it. Like with cutting back on expenses, you can use this extra income on your debt and savings.

4. Invest Wisely

Lastly, where you put your savings can make all the difference in increasing your overall wealth. Instead of just letting savings sit in a savings account where it doesn’t grow or earn interest, put your money in a Roth IRA account. You can increase your wealth tremendously by following this path, especially if you begin investing early. For instance, putting just $100 monthly in a ROTH IRA starting at 20 can see you growing a net worth in the hundreds of thousands by the time you retire.

10 Tips to Establish Financial Independence in your 20’s

04/10/202304/21/2021 by -

Want to save more in your 20’s? Start building habits right away that can help you achieve this goal because when it comes to saving, consistency matters. For many young adults, managing finances could be quite overwhelming. Once you are out of college, you need to start thinking of getting a house, medical insurance, and whatnot! Above that, you have no experience in managing your finances.

In this article, we are sharing the top 10 ways to establish financial independence in your 20’s so that you can live the life you always wanted.

1. Start setting budgets for financial independence

If you are still in college or have just started working, you must start setting budgets for everything. A budget is just a fancy term for a plan on how you are going to spend your money.

Start with taking note of all your expenses. Include every little thing in this list, from buying groceries to paying for your gym class. Then, see where you can cut costs. For instance, if you are someone who eats out most of the time, try cooking meals at home and see how your savings go up!

2. Do not rely on your credit cards much

Credit cards make it possible for us to get what we want. But, when it comes to paying the bills, it becomes tough. So calm your mind a little and stop yourself from using your credit card unnecessarily. Many young adults have started using their credit cards only at the time of an emergency.

If you are buying anything on monthly installments, make sure to get a no-cost equated monthly installment (EMI). In no-cost installments, the bank charges no interest on your credit card bill. This way you can pay a large bill in a few months. However, large monthly installments would block your credit limit. So in case of an emergency, you might not be able to use your credit card. Therefore, make sure you opt for a small loan.

3. Live a frugal life

If you want to manage your expenses in your 20’s, stay lowkey and authentic. This means even if you have a car, choose public transportation for commuting to work as it would save you money. Do not go crazy behind brands and make sure to spend your money on shopping wisely.

If you have a $300 purse, but you have nothing to put in it, your purse isn’t worth it. But, if you have a $10 purse with $290 in it, the value of the purse automatically increases. You may also try and cook meals at home instead of eating outside. The bottom line is to learn to live within your means and save as much as possible.

4. Say no to borrowing

Whether it be your mother, father, sibling, or any other family member or friend, make sure to borrow no money from them. Then only you will be able to reach financial freedom in your 20’s. Learn to manage your expenses on your own as much as you can. Even if you have to get a loan from them, maturely approach your parents and make sure to repay their loan as soon as possible. Building financial independence is more about feeling financially independent.

5. Check your spendings

Setting up a budget is not enough, you need to keep a check on yourself and your savings. Doing this regularly will help you analyze whether you are meeting your monthly spending goals or not. Gather your monthly bank statements and make sure to balance your accounts and keep track of all the transactions that took place. It might seem a lot right now but once you will get into a habit, it will become easier for you to track your spending records.

6. Avoid impulsive shopping

Do you often shop based on your feelings and emotions? Many young adults go out shopping when they are feeling bored, depressed, or extremely happy. At such times, they shop for things that they might not need and all this disrupts their savings. First of all, make sure you do not shop impulsively. Secondly, make sure you have a list every time you go out shopping. You need to buy things that are mentioned in that list. Do not let any attractive offers lure you. Just a little organization and you will be able to enhance your savings.

7. Make savings a priority

Do you often save money after everything else is taken care of? Well, change this habit as early as possible. Make your savings a priority. Whenever you receive your monthly salary, make sure to save some part of it. Then, keep the rest for investing and paying bills. Many people follow the 50-3-20 rule. Based on this, 50% of their earnings go to their basic needs, 30% of their earnings go to their wants and 20% of their earnings go to investments and savings. You may alter this figure based on how much you earn.

8. Try minimalism!

This could be your next lifestyle. Minimalism, as the name suggests, means living with the things that you need. We often have this habit to fill our houses with everything. We might have fifty dresses back at home and still won’t hesitate to shop for another one. We never hesitate to buy a new decor item for our house or a new shining bedsheet even if we have many in stock. All this leads to unnecessary spending and would never let you reach financial independence in your 20’s.

9. Look for deals

Daisy, who works as a finance expert at GoDissertationHelp says, “you can save a lot on things you normally buy such as groceries or clothes. All you need to do is wait for the right time. For instance, many online grocery stores offer huge discounts on certain days every month.” Similarly, online retail stores like Amazon offer huge sales on special days like festivals and end-of-season. You can buy clothes, furniture, or decor items on such days.

10. Be patient until you reach financial independence

Learning how to manage your finances is a process, just like taking assignment help. Do not expect yourself to master this technique in just one day. Sometimes you might shop impulsively. Sometimes, you might not be able to save up to 20% of your income. When these things happen, be kind to yourself and do not feel guilty. John, who works as an academic assignment helper says, “your goal should be to watch yourself from spending money unnecessarily and learning from your mistakes. Do not let your mental well-being get harmed while spending less and saving more. Slowly, you will learn to overcome your emotions, and then you will become financially independent.”

Wrapping up

Building a habit to save more and spend less takes time. Hope these 10 tips will help you establish a ritual to save more money in the future. No matter what you choose, never compromise your health for money. You are still in your 20’s. It is great at least you have decided to save for the future. But you still have a lot more days and a lot more potential to accomplish your goals. Just never give up!

Top 5 Reasons Why Insurance is Important in Life and Helps

04/10/202303/11/2021 by -

Life insurance is about securing your greatest asset: your own self and life because nothing is more important than your life. As we go through the different stages of life and grow older, find a partner, and start a family, we realize the importance of getting insurance as a long-term plan for financial stability.

Insurance provides you with the financial stability to sleep peacefully, knowing that you and your loved ones are protected and in good hands. The concept of life insurance can be complicated, and it’s more difficult to decide if you need one or not. Here are a few other reasons why you should get life insurance.

1. Inheritance

Nobody wants to leave their loved ones with the burden of loans and no money to live one. Everyone wants their family to be financially secure after their death. Life insurance can help you achieve that by enabling you to build an inheritance. If you don’t have other assets to leave behind as inheritance, you can create a life insurance policy and name your loved ones as beneficiaries. This way, you can secure your children’s future and provide for them even when you aren’t here.

2. Protect your loved ones

Life insurance becomes a must when you are the only bread earner in the house. Life insurance is important when your loved ones depend on your income for a living because it takes care of them financially in your absence. This holds especially true for parents with young children or a spouse that is completely dependent on the other and would find it difficult to sustain a living if their partner passed away. You need to think long-term and keep in mind that you will have to provide enough money so your family can cover the cost of daily expenses.

3. Pay of loans and debts

Your loved ones also need to be free from any outstanding debts and loans. Funeral and burial expenses can easily account for up to fifteen thousand dollars. When you go, you obviously don’t want your loved ones to worry about financial problems along with the emotional trauma they will be going through.

4. Increases financial stability

Everybody wants their loved ones to live peacefully and happily without any financial problems and issues when they pass away. Getting life insurance secures your loved ones’ future and takes care of their education, marriage, and career. But you must see best final expense insurance companies available in the market before you make your decision.

5. Sleep peacefully

Nobody knows when they are going to pass away. Death is inevitable and will eventually occur. No one can ever replace a person and the contributions and love that they have for their family. But life insurance can help provide financial stability and protection in times of need and unexpected events.

Top Reasons Why Insurance is Important in Life

Conclusion

Getting life insurance will, without a doubt, bring you peace and allow you to sleep peacefully at night, knowing that you and your loved ones are in safe hands. Life insurance protects your loved ones from the unexpected events that they may face once you are gone and provide them with care and financial aid whenever they require it.

Positive Words Research – Top Reasons Why Insurance is Important in Life

Trends That Inspire to Study Accounting in 2021 Technology

04/10/202303/05/2021 by -

Technology is always shifting its shape to bring innovative features the world has never seen before. It morphs our ideas into reality and transcends our imaginations. Various industries and fields are aware of the changes technology brings. And, even the accountant industry is trying to keep up with such recent technological changes. There are trends that inspire to study accounting. Businesses nowadays understand that there is a need for modernization within their infrastructure regarding accounting practices and processes.

Such a development gives rise to few accounting trends in 2021. Accounting firms and businesses alike are now practicing them to stay relevant in today’s challenging marketplace. We asked over thousands of accounting professionals such as financial advisors and bookkeepers to share with us the leading trends in the accounting field. And this is what we came up with:

Trends That Inspire to Study Accounting in 2021

1. Companies Are Moving Towards Cloud Accounting Solutions

Cloud computing is slowly becoming the norm in 2021. Since its inception, it has become increasingly popular in the last few decades or so. Whether it be the education sector or the automobile industry, it is changing the dynamic of every industry and sector worldwide. It offers various functionalities, which is making it a favorite amongst the accounting industry.

According to Finances Online research, around 67 percent of accountants prefer using cloud-based accounting. In comparison, over 58 percent of businesses have already incorporated it into their infrastructure. Hence, accounting professionals everywhere continue to embrace this modern trend in 2021. The cloud can include services such as Quickbooks, which is available from anywhere at any time. It provides businesses with stable security features far better than traditional measures while also allowing multi-user access. And all of this is possible for a fraction of the cost of conventional techniques.

Some companies hire new accountants with the latest accounting knowledge. In contrast, some companies spend on their existing accountants to join the latest study program. Accountants can opt for masters in accounting online to fill the gap between their experience and the latest accounting trends.

2. Accounting Task Management Through Automation

Put in a coin, select an option, and poof comes out your favorite drink! Yes, you heard it right. We are talking about a vending machine. When automated vending machines came into existence, they took over from traditional retail stores. They gave people a quick and easy option to buy their favorite snacks and drinks from an automated machine. Similarly, when it comes to a business’s accounting task management, automating these tasks will allow firms to reduce human-related mistakes and errors. It also lowers costs and improves productivity.

Bringing in automated task management allows organizations to experience increased levels of efficiency. Tasks such as payroll processing, invoice generation, and auditing are now safe to automate to make the life of a business owner a little less challenging. It allows companies and firms to cut down on money and time spent to complete tasks and better utilize the resources at hand.

3. The Accounting Field Is Embracing Data Analytics

When talking about data analytics and its benefits, the first example we can think of is Walmart. They utilized data analytics to predict their customer’s buying habits before the hurricane struck. Through the analytical results, they stock pilled on beers and strawberry pop tarts. Their stockpile sold off rapidly and allowed them to earn a lot of revenue in return.

Seeing what Walmart did, other companies jumped on the bandwagon and employed data analytics to monitor customer purchasing habits. Also, predict their behavior, and make better, more informed financial decisions as a result. Accounting professionals and firms alike can also make the same better, informed decisions to increase their outreach. Instead of focusing on number crunching and creating a financial statement, they devise strategies that allow their firms to grow. With the help of data analytics, accounting professionals can now detect discrepancies, monitor financial statements, a client’s transactional behavior, and much more.

4. Remote Working Is Taking over the Accounting World

While the recent Covid-19 pandemic forced numerous accounting firms to close up shop or adopt work-from-home practices, there were millions of people already working from home. Known as telecommuting, which started back in the 1970s, it grew over the decades. Letting employees work from their homes allows businesses to experience great productivity, reduced cost investments, and increased employee satisfaction and performance.

The same is the case for the accounting industry as well. Remote working is acting as a boon for accounting firms everywhere. Instead of improving and expanding their office space, these firms can now hire employees worldwide while not incurring additional office costs. They are also widening their client reach as employees can now work any time and cater to various clients from different time zones.

5. Accounting Firms Are Regularly Outsourcing Operations

When running an accounting firm, customer data is not the only thing you will have to manage. You will need to look after workplace performance, manage customer support, do invoicing, recruit employees, and much more. Various software allows you to handle such tasks efficiently. You will have to spend a lot of money purchasing said software and your staff’s training.

Outsourcing such business operations to avoid extra expenses is now a norm in the accounting industry. For example, instead of acquiring new employees yourself, you can hire a recruitment agency. They will do the entire hiring process for you. You only have to tell them the qualifications you require from an employee. They will provide you with the best possible candidates.

Companies can also hire third-party agencies to manage employee payrolls and customer invoices. Outsourcing all organizational and administrative tasks to third-party agencies will allow accounting firms and businesses to focus on core accounting-based activities. After all, what good is an accounting firm if they aren’t master at accounting!

Trends That Inspire to Study Accounting in 2021

Conclusion

The latest accounting software, cloud accounting, outsourcing business operations, and data analytics are a few top trends in the accounting industry in 2021. They can allow an accounting firm or other business type to make the best use of their resources. So, when you decide to enroll in an accounting degree program, ensure that you keep these trends in the back of your mind. Also, keep in mind that these accounting trends will change day by day, so you have to keep tabs on the latest ones before making your final decision.

Positive Words Research – Trends That Inspire to Study Accounting in 2021

4 Simple And Smart Suggestions To Boost Credit Score

04/10/202312/22/2020 by -

Do you often pay high-interest rates on your loans or credit cards? Or, does your lender or card issuer ask you to pay more as EMI than someone you may know? If your answer to any one of the two questions is ‘Yes’, then you are a victim of a low credit score.

A high credit score brings with it several benefits like a low-interest rate, better terms, higher repayment tenure, and broader discounts. Such benefits can conveniently decrease your interest bills than the current home loan or other loans’ interest rates. Read this article to discover four simple yet effective ways to boost your credit score.

The Top-4 Ways to Enhance Your Credit Score

When you apply for a home loan or any other loan, the lender would take a look at your credit score and determine the interest rate. If you want a lower interest rate than the current home loan interest rates, you have to increase your credit score. At this point, it is prudent to note that the current home loan interest rates are the lowest when compared to other loans.

However, before taking steps to increase the score, you should find out the reasons why your score is nose-diving.

Here are the ways you can boost your credit score!

1. Pay More When You Can Afford To

If you have an existing loan, like a home loan, the chances are high that you pay a fixed amount every month. In the case of a floating rate of interest, your EMIs increase or decrease depending on market rates.

As you continue paying the EMIs on time, your credit score slowly ascends to the top. To accelerate the process, you can pay something extra when you manage some extra cash. Doing so can increase your credit score considerably, as it reduces your credit utilisation ratio.

2. Extend Your Loan Term

At times, your lender may tell you the advantages of closing off your loan account, like a home loan, early. The lure of massive savings may prompt you to opt for a short tenure loan. While it’s true that a short duration indeed makes you debt-free earlier, it can also increase your loan bills, making it challenging to repay on time.

In such cases, it is better to request your lender to increase the loan term. As you repay the loan bills before due dates, your credit score would jump healthily and steadily.

3. Keep Your Credit Utilisation Ratio Low

The Credit Utilisation Ratio (CUR) is the amount you owe to lenders compared to your net monthly income. If your CUR is 50%, it means you spend 50% of your net earnings to pay credit bills, including home loan EMIs.

If you aspire for a high credit score, your CUR must be below 30%. A low CUR means less stress on your financial health and better credit score.

4. Keep an Eye on the Credit Bureau

While it may seem too naive a suggestion, it can sometimes be the reason behind a low credit score. There are instances when the credit bureau is late in updating your records or might have updated it incorrectly.

It would be best if you check your credit score at least once every month and point out any anomaly. CIBIL, for example, provides you with the CIBIL Dispute Resolution Form, which you can submit online with details of the error.

Conclusion

Boosting your credit score can open up a door of opportunities. In best cases, you can get a much lower interest rate on your loans, like a home loan, than the current interest rates.

Positive Words Research – 4 Simple & Smart Suggestions To Boost Your Credit Score

Essential Shopping Tips for Students on a Budget Today

04/10/202312/14/2020 by -

Limited resources can spell doom to your college life. You have limited money to spend on entertainment, personal projects, and crucial academic needs. Save money by getting cheap help on homework. The helpers also allow you to focus on money-making ventures like a job or entrepreneurship.

Luckily for students, there are numerous options when your finances begin to run low. Here are tips to help you shop for supplies without spending a fortune or running out of cash.

Create A Budget

Write down what you need to buy. A list will give you an idea of how much you will spend when you get to the supermarket. You can evaluate the items on the list against the money at hand. The list also helps you to establish priorities. Because the items are on the list, you can identify what stays and the items that can be discarded.

A budget keeps you disciplined when shopping. The discipline will enable you to remain within your budget. You will also tame the spending habits that could lead to your bankruptcy. Always create a budget to help track the expenses and determine where your money goes.

Hunt For Promotions And Sales

Businesses and brands are always offering items and services at a discount. The offers and promotions help you to get the same quality of goods or services at a cheaper price. It will result in huge savings, leaving you with more money for future expenses or allowing you to buy more.

There are seasons that come with plenty of promotional sales. In other cases, brands entering the market or supermarkets opening their doors will run promotions. You should also time your buying to coincide with promotional seasons like Christmas, New Year, Black Friday, and such seasons when prices are significantly reduced. You get the same quality of goods and services but at a lower price.

Utilize Your Student Status

Students receive special consideration from time to time. Students on budget can take advantage of such considerations to save money. For instance, entry to a movie store could be a dollar lower than the ordinary person. All you need is to tag your student ID along.

In some cases, you are requested to make your student booking early. Take advantage of the student status to enjoy premium services at a bargain. The status lasts just a few years. Once it is over, you will have to pay the standard market price for the same services.

Use Cash-Back Apps And Loyalty Points

Stores and businesses entice people to use their apps with discounts. You lose nothing by downloading the apps and using them in your shopping. The promotion maybe once in a while but it will lead to huge cumulative savings.

Loyalty points are redeemed when making purchases. You get goods worth a particular amount based on your accumulated loyalty points. Stick to a particular store to accumulate enough points to use during your next shopping expedition.

Avoid Wasting Food

Food is one of the most expensive items on your budget. You spend on food every day. Buy food at affordable stores and avoid wastage. If the food is too much, you can save it for future help. Learn to prepare leftover foods such that they are palatable. If you can tame your food bill, your budget will reduce significantly.

Living on budget as a student does not mean that your life should be miserable. Budget for your finances and always look for opportunities to save. Adjust your priorities even as you take advantage of your student status to enjoy discounts.

Positive Words Research – Essential Shopping Tips for Students on a Budget

Will Luxury Cars Make You Happy and Have More Success

04/10/202311/20/2020 by -

We all have noticed that billionaire people posting and promoting top-end automobile manufacturers like Mercedes, Porches, and so on. The general people tend to share these posts following the pattern of these materials, making them happy. Now, we are disc what makes you a happy person?

So, does owning a luxury car make you happy? The big answer to the small question is- it depends from person to person. If you drive luxury cars in isolation, you don’t really know how the cheap car performs. The whole, like if you are upgrading to top-end vehicles, it absolutely makes you happy.

Subsequently, happiness might last for a short period of time. When you get used to car comfort and luxury, you would want to rekindle the lavishness to a higher level. You will find the ultimate luxury experience while you switch back and forth between the basic and the top-end car. As you do so, you will eventually appreciate the refinement of a vehicle.

Nonetheless, the thought process of an individual differs from another. We often lie between the extremities. On the flip side, some people are keen on materialism rather than minimalism. They tend to switch between top-end Mercedes, Tesla’s new model time and again. On the other hand, people prefer driving basic cars even if they can buy luxury vehicles.

Subsequently, buying a used car might help you fulfill the dream if you are short in money. Sideways, rental luxury cars are also on the rise. It’s tough for general people to buy the top-end model of cars because they are tremendously expensive. Buying a used car is riskier than a new one. getting a Revs check report gives you a clear understanding of engine theft, number plate theft, and stolen VIN records. Thus, get everything inspected when you keep an eye on one.

The worldly people enjoy driving on luxury vehicles, but according to them, the happiness lasts for a couple of days. At the same time, the other group let the broad scope of having the beautiful thing and the happiness last for an entire lifetime. The virtue of joy comes from within. It’s never late to decide what you will accomplish in the days forthcoming.

Some of the luxury cars you can buy right now.

A luxurious car doesn’t mean it’s good to buy. These days, the mid-range car offers the top-end technology and design that flagships provide. There can be some cost-cutting mechanism to the vehicle, but they look identical with features. With the rise in demand, the luxury car market is expected to rise by 10% in 2021. Here are lists of the end-luxury vehicle in the market.

1. Luxury SUVs

Mercedes Benz GLB-class (2020)
Mercedes Benz GLC-class (2020)
Volvo XC60 (2020)
Acura RDX (2020)

2. Luxury Sedan

Maserati Ghibli (2020)
Jaguar XF (2020)
Acura RLX (2020)
Volvo S90 (2020)

3. Luxury Convertible Roadster

Porsche Boxster (2020)
BMW-2 Series (2020)
Lexus LC (2021)

4. Luxury Supercars

McLaren 720s
Ford GT
Ferrari 812
Ferrari SF90
Lotus Evija
McLaren Speedtail

Best List of 30 Good Words for Prosperity and Abundance

04/10/202303/24/2020 by -

Positive Words Research has compiled a list of good words for prosperity. Look at prosperity not only in relation to money but in relation to every area of your life: good health, love, energy, adventure.

Write on a piece of paper this list of good words for prosperity for 30 days in a raw. Try to think and write details from your life that add energy to these words. Think and remember moments from your life when you felt the below powerful words.

You will feel that some of the below positive emotions are hard to include in your vocabulary. For the positive energies that you feel hard to embody, make a drawing on a piece of paper with a moment in your life when you experienced that energy.

If you find it hard to remember or if you think you have never felt that energy of prosperity, take a deep breath and meditate for 5 to 10 minutes. Then think again. Be sure and confident that every person has experienced in their life every positive emotion from below, but they don’t remember it.

Good Words For Prosperity

GRATITUDE
COURAGE
ABUNDANCE
PROSPERITY
WORTHINESS TO TAKE UP SPACE
SELF-DISCIPLINE
GRACE AND EASE
ACCEPTANCE
WEALTH
VITALITY
HAPPINESS
BELIEVE
LEGACY
OMNISCIENCE
AWESOMENESS
EFFORTLESS EASE
AUTHENTICITY
INSPIRATION
JOY TO LIVE
POWER
RESILIENCE
SELF-CONFIDENCE
I GET PAID FOR BEING ME
MISSION
WONDER
FREEDOM
IKIGAI – a reason for being
LIMITLESS
LIFE IS FOR ME
TRANSFORMATION

Good Adjectives For Prosperity

Find below a list of good adjectives for prosperity to also use them in your practices.

GRATEFUL
COURAGEOUS
ABUNDANT
PROSPEROUS
WORTHY TO TAKE UP SPACE
SELF-DISCIPLINED
LIVING LIFE WITH GRACE AND EASE
ACCEPTED
WEALTHY
LIVELY
HAPPY
TRUST
CREATING A LEGACY
OMNISCIENT
AWESOME
WITH EFFORTLESS EASE
AUTHENTIC
INSPIRED
JOYFUL
POWERFUL
RESILIENT
SELF-CONFIDENT
GETTING PAID FOR BEING ME
PURPOSED
AMAZED
FREE
HAVING IKIGAI – having a reason for being
LIMITLESS
BELIEVING LIFE IS FOR HIM/HER
TRANSFORMED

It is very important to remember and draw a moment in your life when you felt each of the above positive emotions because in this way you anchor yourself in that energy of prosperity.

Share this list with a friend to inspire and lift his spirit.

30 Financial Affirmations to Attract Wealth and Abundance

04/10/202303/22/2020 by -

Positive Words Research presents below a list of 30 financial affirmations to attract money, wealth and abundance. Read these financial affirmations carefully and reflect upon them adding details from your life when thinking.

30 Financial Affirmations to Attract Wealth and Abundance

I get paid for being me.
More money is appearing in my life in unexpected ways.
I deserve money so I can do everything I want to do in this life.
Day by day I can see more money flowing to me.
I spend money wisely.
I am financially thriving.
Money comes to me effortlessly and easily.
I am attracting all the money I want.
I have money like oxygen.
I get richer by the second.
May I and everyone enjoy financial freedom.
I am grateful for all the money I have received.
I am generous and wise with money.
The Universe conspires to give me everything I need.
We live in a friendly and generous Universe.
I seek money and money is seeking me.
I find joy in giving because I have more than enough.
I choose prosperity.
I get to show up and get paid.
I pay my future self first.
Every day in every way, I am becoming richer and richer
Life is full of opportunities to make more money.
I easily tune into the prosperity mindset.
My bank account is blessed.
I release with grace and ease every block that held me back from receiving prosperity.
Every day in every way I am attracting more and more money.
I allow my dream to be supported with money.
I am worthy of receiving money.
I have money.
I have both active and passive income.

Write each of these financial affirmations on a piece of paper and reflect upon them. Also, inform yourself about tips to know and implement in your life so that you can reach financial freedom and independence.

Share these money affirmations with a friend to inspire his prosperity thinking.

Positive Words Research – 30 Financial Affirmations to Attract Wealth and Abundance

Top 10 Positive Words For 2020: Find Your Word For The Year

04/10/202303/19/2020 by -

Positive words for 2020 is an article that I think is very much needed in the current situation with the spread of the coronavirus COVID-19.

Based on Positive Words Research analysis of nice words for 2020 to think, so that we can successfully match the current situation, we have discovered some interesting inspiring words.

Our research started by analyzing the negative feelings and emotions that emerged worldwide after the start of the coronavirus COVID-19 epidemy.

Mainly, we have seen an increase in doubt, greed, panic, anxiety, lots of fear, hate, and anger. Also, we have noticed that there was an increase in verbal bullying, especially on social media.

This being said, we have come up with the following list of ten positive words for 2020:

1. HOPE

Hope cultivated correctly is one of the antidots for doubt, together with ease and optimism. It is also said that hope is one of the essentials foods that we need as humans. There are four essential different types of food that we need in order to survive and thrive:

The first type of food is “bitten food”; this is the physical food – anything that can be bitten and chewed, like a piece of apple;
The second type of food is sleep;
The third food is hope, and ancient books describe it as such. A horse strayed into the Sahara, in the desert, and wandered the sands for several days in search of water. Even when he is ready to die of thirst, he smells of water; he crawls on his knees over a hill and sees down an oasis with a small freshwater lake. The idea is – no matter how close the end is – the horse will be able to reach the water. Maybe his body is weak, but the hope is enough to sustain him for the last hundred yards. Hope keeps him on his feet, as we all do.
The fourth food simply consists of uninterrupted moments of concentration.

The above four types of food are specified in Geshe Michael Roach – “Love Karma”, pages 150-151.

2. GENEROSITY

Generosity is one of the antidotes for greed, together with altruism, benevolence, self-restraint, and unselfishness.

Making sure that every day you feel generous is the base for prosperity, abundance, financial freedom. Having all the money you need when you needed it comes from a feeling of generosity. You feel the power of the feeling of generosity when you think that all that you need is more than you need it and it is always at your disposal.

Some higher thoughts of generosity will appear in your mind when you convince yourself that you can be paid by being you and there is money for you in the world like the oxygen. Some lower thoughts of generosity, but also very efficient, will come to you if you just believe that you have and you will always have more than enough. Believe that life will always take care of anything you need.

3. LOVING-KINDNESS

Surprisingly, loving-kindness is one of the antidotes for panic, together with self-relief and body movement. Loving-kindness is a difficult feeling to feel, especially to feel it every day and choose it every moment, when needed. Monks practice embodying loving-kindness for years, through many actions that they take every day. But even at a lower level, loving-kindness has tremendous benefits on your mind and body.

Loving-kindness is more than kindness. It is said that if you want to really feel what love is, then practice kindness for two years, then loving-kindness for another two years, then you are ready to practice Love. This practice is done in three ways: towards yourself, towards other people and towards life (the entire existence as it is). Be kind to yourself, to other people and to life as it shows right now.

4. CENTERDNESS

Centeredness is one of the antidotes for anxiety, together with self-relief and body movement. Centeredness is again something challenging to do, especially in these times. Some people center themselves in the center of the Earth, of course through visualization. You can do it too. Just imagine that you are connected with a golden light full of pure unconditional love in the center of Earth.

Besides centering yourself on the Planet Earth, I suggest centering your mind and heart in something higher than Earth. This can be done through a combination of connecting with your higher self, with the six Dimension (the formless dimension full of unconditional love) as it is done in theta healing, with the Holy Trinity (Holy Spirit, Jesus Christ, God) as it is done in Christianity and many other divine connections as they exist in every culture.

No matter how you connect with a divine higher force (power, grace) is perfect. What I want to draw attention upon is for you to do it. It’s more important, not how you do it, but to just do it. Keep your mind focused (connected) on that higher power, no matter how you define it or believe in it.

5. BRAVERY

Bravery is another word for courage and it is one of the antidotes for fear, together with action and fearlessness. Have courage in these difficult times, be brave. Easily said, harder to be done when fear is knocking on your door. But humans are stronger and more courageous than they know. Due to our modern facilities, we have become comfortable in many ways. When our modern facilities are threatened, our comfort gets disturbed.

But we are not machines to operate only in a certain way. We are humans and there are many strong qualities and abilities in us, that are only dormant. Wake up your human abilities and be amazed by how brave you really are. Inspire yourself to have the courage and you will inspire other people to have courage too.

6. APPRECIATION

Appreciation, believe it or not, is one of the antidotes for hate, together with gentle love and goodwill.

I think a lot of verbal bullying comes from the lack of a temporary ability of one person to appreciate. First, this situation occurs because the person lacks education and does not know how to practice the art of appreciation. Surprisingly, based on the research I’ve done through my Positive Words Research project, this is the main reason why people don’t appreciate more. Second, this situation occurs because people did not train themselves to be strong in their choice between appreciation and bullying/hating/criticizing.

I strongly believe that practicing the art of appreciation can stop bullying, self-hatred, hating others, self-criticizing or criticizing others.

7. ACCEPTANCE

Acceptance and mainly “acceptance of what is” is one of the antidotes for anger, together with humbleness and forgiveness. The faster you accept what is, the faster you cool yourself down, even before you caught fire. Not catching fire is the secret of winning over anger.

Some say that anger is good, it’s transforming energy. Anger makes you change things. A lot of people change the material world with the energy of anger. I agree that anger is good. But I need to point something out and it is very important.

In the scale of consciousness, Dr. David Hawkins presents, below anger, the lower energies of shame, guilt, apathy, grief, fear, and desire. Therefore if you find yourself in a state of apathy, then anger is good because you will get yourself out of apathy and raise your vibration. Same, if you find yourself in a state of fear, then anger again is good.

Then again, on the same scale of consciousness, the same doctor presents, above anger, the feelings of pride, courage, neutrality, willingness, acceptance, reason, love, joy, peace and enlightenment. If you find yourself at the level of reason and you let yourself feel the anger then you significantly drop in vibration and consciousness. Also, please notice that acceptance is a state above anger. Therefore in order for you to reach the acceptance stage, you need to let go of anger.

8. EMBRACING VULNERABILITY

Embracing vulnerability is one of the antidotes for shame, together with audaciousness and self-worth.

Brene Brown has made amazing research on vulnerability and she briefly explains her research on her viral TEDx talk “The Power of Vulnerability”. Among her many conclusions, she also states: “Vulnerability is the birthplace of innovation, creativity, and change.”

Yes, change is scary. But, also, change is constant. Change is security. You can always trust that change will happen. In the middle of change, when change is happening remember: This too shall pass… this too shall change.

9. FRIENDSHIP

Maybe surprisingly for some people, but friendship is one of the antidotes for boredom, together with fun and playfulness. We like to be friends with people we like. We like to be friends with people with whom we have things in common.

How about expanding our boundaries and starting showing friendship to people we never thought we could be friends with. For example with people from other countries or people from the same country as you, who are returning home. No need to make a spectacular contribution, just small acts of kindness. Like a good welcome comment on a social network, or an encouragement of some kind. Empathy helps you a lot in friendship.

10. CONTENTMENT

Contentment is one of the antidotes for helplessness, together with serenity and ease. Contentment is a little more than thankfulness and less than gratitude, joy or happiness. But it helps a lot. It has a lot to do with being thankful for what you have, but is actually, being content with what you have. A little smile on your face is an ingredient of contentment.

I remember one of the smallest types of meditation that I learned at one point in my life “Sit, don’t talk, smile”. In this meditation: sit still, don’t speak with your mouth, smile and mentally scan all the organs in your body. This is contentment.

Well, I hope you found some inspiration to help you get through these challenging times.

Meditate upon the positive words in this list and try to implement small actions in your life. In this way, these powerful words will become antidots for negative feelings and emotions. For yourself and the people around you.

Copy the link of this article, then send it and inspire a friend!