Financial Plan | Debtscotland.net

Things You Should Do to Get Better at Trading

Everyone knows the profit potential in the Forex trading business. If you are new to this industry, we will give you clear information regarding the Forex. Being the largest market in the world, more than $4 trillion is transacted across the globe in a single day. Based on this transaction and economic condition, the price fluctuates heavily. The traders use this price fluctuation to predict the price movement. You may think you will get rich by learning to trade this market but it’s not so simple. Based on a recent study, it is safe to assume, only 4-3% of the traders can make a consistent profit. So, how we get better at trading. There is no fixed set of rules but we are going to give you some amazing tips.

Attend the free webinars

There are thousands of brokerage firms offering trading services to the retail traders. But if people …

Financial Plan

Five Pitfalls to Avoid When Starting Your Own Profitable Business

October 23, 2019November 30, 2019 - by Chloe Richardson

Having a business of your own will no doubt position you as a wealth creator instead of a job finder. A profitable business must be able to have a decent return on investment. In the quest to achieving your desire to launch into the changing world of business entrepreneurship, there are some likely pitfalls that must be avoided.

Slothfulness

Slothfulness can also be termed as laziness. It is a silent killer of destiny and ideas.

It can kill a business idea, before it even gets off the ground. Be ready to make endless sacrifice and work hard, if ever you desire to succeed in business. Most successful businesses were products of hard work and long hours of sacrifice.

Procrastination

Procrastination is a very common disease that affects a lot of entrepreneurs and business owners. They wait for the big break and delay the start of their dream and vision in …

Financial Plan

Choose Your Working Capital Financing Source for Business Loans

October 17, 2019November 30, 2019 - by Chloe Richardson

You have choices in sourcing working capital finance and in business credit solutions.

It’s all about understanding the problem and knowing where to look for solutions, so let’s look at these two main problems. Understanding the problem is not something you should read, because as a business owner and financial manager in Canada you live with a ‘crisis’ or ‘challenge’ of capital every day.

Working capital is best understood as your operational capital, and you have an investment in receivables, inventory, that’s where your investment is currently located, and your goal is to monetize those assets in the best possible way.

Textbook definitions don’t really help us – our accountants and analysts ask us to get into the balance sheet, reduce current liabilities from current assets, and, voila! That’s working capital!

One of the biggest contradictions that you need to understand is the problem of assets, profits, liquidity, and turnover. …

Financial Plan

The Benefits of Taking Professional Financial Advice

July 31, 2019August 20, 2019 - by Chloe Richardson

Taking control of your finances can be an important step in securing your financial future. Taking professional financial advice can help you on your way.

The Benefits of Taking Professional Financial Advice — image source

Many of us will go through life without ever seeking financial advice from professional financial advisor, taking advice instead from friends, colleagues and online resources. While this may serve your needs to a certain extent you could be losing out.

You may want to seek professional financial advice if, for example:

You are considering taking out a mortgage
You are looking to join a pension scheme
You are looking for an insurance deal
You are considering taking an annuity
You are looking to make an investment

The financial market is a complex place, with a huge range of products available whatever kind of service you are looking for. From mortgages and investments to savings and pensions, the vast array of products in each …

Financial Plan

Successful Ways to Manage Your Debt

June 22, 2019June 22, 2019 - by Chloe Richardson

Debt comes in all forms, a mortgage, a personal loan, a car loan, and student loans. Then there’s a multitude of credit cards and maybe even some medical expenses. Before you know it what you bring in each month is rotating straight around and exiting out the back door. The good news is that you can reduce your debt and start to see some of your hard-earned money remain in the bank.

Creating a Plan

You may currently have piles of bills sitting on a table with no way to pay them and choose to ignore them. However, they won’t go away. If you don’t pay them you will soon receive letters from collection agencies, flowed by many phone calls. Once this takes place your credit score is now in a poor status. In order to unravel the debt you’ll need to borrow money from a family member, or if …