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2016 09-27

A Credit Card’s Grace Period

There are many benefits of getting a credit card. These range from lucrative sign-up bonuses to highly gratifying reward points and from life and accidental coverage to frequent flyer miles. However, none of these incentives are more useful to the common man than the grace period of a credit card.

credit-card-debtBefore we delve into why the grace period is such a big deal, it is important to understand how credit cards work and differ from debit cards. A credit card looks just like a debit one but functions in an entirely different way. In a debit card, the funds for a financial transaction are deducted from your account on the spot. There is no possibility of getting a loan and stretching beyond your means when using a debit card. On the other hand, a credit card has a monthly billing cycle. What this means is that when you make a purchase via your credit card, you are essentially taking a loan from the bank. As this is a loan technically speaking, you can even buy things that you wouldn’t normally be able to afford. This is the biggest advantage of using a credit card.

As mentioned above, a credit card facilitates your transaction by taking a loan from the bank. Based on when you return this loan, this may have zero or a very high rate of interest. Strictly speaking, whenever a transaction is made via a credit card, you have until the end of the current billing month to pay off this debt. Should you be able to return the funds during this period, you will not be charged a single penny more than the price of your commodity. However, if you are unable to return the money you owe the bank (by either not being able to pay a cent or not being able to pay the bank back in full), your loan will start accruing more and more interest. It is, thus, of the utmost importance to pay off your loan before the end of the current billing month. This period when you have a zero-interest return rate on your loan is technically referred to as the grace period of credit cards.

What we love about the grace period is that it is typically between 21 and 25 days. Thus, you have no pressure to return the sum urgently as you have at least three weeks to reallocate the funds so that you can pay off the bank. In today’s cynical world, even the most microscopic loans fetch gigantic returns due to the hefty interest rates that they demand. This is why the grace period is such a good offer if used correctly. In theory, if you can pay off the bank before the start of the next billing cycle i.e. during the grace period, you essentially have a zero-interest loan agreement, which is always a huge plus for anyone with limited means.

2016 08-29

The Pros and Cons of Investing in Property

It is essential to consider the benefits and risks before investing your money in property. The more knowledge you have about investing, the lower your risk will be. Here are the pros and cons of making an investment in property.

Stability

debt-consolidation-houstonOver time, property has been seen as a stable investment as compared to a few other markets. Though it has its ups and downs, the market as a whole tends to be less volatile than other investments such as the stock market. The reason behind this stability might be the fact that property takes a longer time to sell and is almost always in demand.

Leverage

If you can leverage your investment, it means you can purchase more with less money. With property, this happens when you put down a deposit on the property, and the bank gives you the rest on loan. Leverage helps maximize your return on investment when you experience growth.

Positive Cash Flow

One of the advantages of owning an investment property is that you can rent it out. If the rent is enough to cover the mortgage, you are effectively getting someone else to purchase the property for you. When you lease it to someone, the people renting the property pay for the mortgage.

Long-Term Investment

Many people prefer property as an investment over other options because it can be an excellent long-term investment. By securing your piece of land today, you can gain benefits from it in the future. With the progression in inflation, your property and its rent is likely to go up in value if you invest in the right area. Over time, your cash flow will improve as you collect more rent and your mortgage will decrease or stay the same.

Liquidity

soldWhile shares can be sold at a moment’s notice, it takes longer to sell a property. Varying from location to location, it could take weeks or even a few months to sell your property. This lack of liquidity can be a drawback if you need your money quickly to use it in other areas of your life.

High Entry Cost

You can buy shares for as little as $500 and invest in silver for as little as $20. However, the case with property investment is different. The property is going to cost you thousands and thousands of dollars just to get into the market. The property prices are constantly on the rise, so it is continually getting harder and harder to get into the market. This is the reason a lot of investors do not go for property investment as it is difficult to begin investing if you do not have a lot of money initially.

Additional Costs

The property carries ongoing costs that you do not experience with other investments such as council rates, insurance costs, mortgage repayments, renovations, and maintenance. These additional expenses can be constant or come as a surprise when you least expect them.

2016 08-26

How SEO Can Help Your Business

Due to the ever-increasing popularity of the internet and social media, more and more companies are investing a significant portion of their budget on search engine optimization (SEO). SEO means increasing your audience online by elevating your chances of being featured in the search results of popular search engine likes Google, Yahoo, and Bing. Many Fortune 500 companies have been found investing in SEO because if they don’t, their rivals will overtake them. To understand how our SEO services can assist your business in fulfilling its potential, take a look below.

1. Improve Search Engine Ranking

seoYour search engine ranking is the popularity ranking of your website on search engines. Once your ranking increases, there is a higher chance of more traffic being diverted to your web page. This can be invaluable to a new startup or blog looking to establish itself in the market.

2. Better Conversion Rate

Your conversion rate is defined as the ratio of the number of people who become your customers to the total number of individuals who visit your web page. Not only will the traffic being diverted to your website increase due to better SEO, but the people visiting your web page will also be those who are genuinely interested in your product. This increases your rate of converting potential clients into customers and can boost your sales.

3. Increase Brand Awareness

The biggest reason top brands in the world do so well is that the majority of people worldwide know about them. Thus, it is important to create awareness about your brand among the masses, both domestically and globally. With proper SEO, you can do just that. By raising awareness about your brand worldwide, you are bound to increase your sales exponentially, which can be priceless to a newly founded organization or blog.

4. Engage with Your Customers

seo-optimizedIt’s an open secret that clients love it when companies regularly talk to them to get input on how to improve their product. When your blog or web page has been search engine optimized, you will be in a better position to engage with your customers and get invaluable input to improve your product. When people see their recommendations being put into practice, they are bound to develop a sense of comradery, which can further boost your sales.

5. Become the Top Brand in Your Niche

Every large brand in the world started off from where you are now i.e. as a startup. The reason it enjoys flagship status in its respective niche is that it capitalized on the needs of the market by supplying what was in demand at an eye-catching price. Once you have search engine optimized your web page or blog, there is a higher probability of you emulating its route to success. Once enough people know and care about your product, you will improve your reputation in the niche that you specialize in and can, thus, improve your chances of global success.

2016 07-12

Kelowna BC Canada

Kelowna is in the heart of wine country and home to some of BC’s most spectacular natural wonders. Many retired folks and tourists are pouring in to see our wonderful city.

With a growing tech sector, an acclaimed BC university and a housing boom like no other, the Okanagan valley’s largest city is now growing like never before. Kelowna is a city that has managed to keep a fine a balance between fantastic lifestyle pursuits along with economic opportunities that should ensure Kelowna has long term sustainability.