debtscotland.net | Finance Advisor

Capital Growth – Is it a Risk Or an Opportunity?

November 21, 2019December 10, 2019 - by Chloe Richardson

I love investing. Why do I love investing? Because from personal experience I can see it works. The source of our wealth is investing. Yes, the incomes we received from our jobs enabled us to invest, but we would not have become wealthy because of our jobs. Why? Because we always spend what we earn. Let me explain using one property as an example.

I purchased a property in 1997 for $165,000. By the end of 2007, the property was re-valued at $410,000. That is a capital increase of $245,000. In ten years, I would have found it impossible to save that amount: over $20,000 per year. Over those ten years, I was on an average salary of approximately $50,000 per annum. It would have been impossible to save an average of $20,000 per year.

To me, investing has been a form of forced savings.

As much as capital appreciation …

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 Management

Earning potential in the Forex trading profession

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

The most common way to make money is through trading in currency exchange. It is the biggest financial center in the world but still, only a few can make profit. There is numerous myth surrounding the making of money. Many people believe it needs extreme precision as the trade is done live. This is true in some cases but most of the time, traders are depending on a longer timeframe. Such trades need to have a solid strategy than quick reflexes. As this sector is online, analyzing the information is always risky. The chances of rumors getting mixed with facts are high and many get slaughtered. It is no wonder folks try to become rich quickly, and as a result, they lose more money than they make. The scammers also try to cheat the investors by showing attractive false offers. It is hard to distinguish right from the wrong when …

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. …

Finance Manager

Venture Capital – What Are They Looking For?

September 20, 2019November 30, 2019 - by Chloe Richardson

The venture capital market gets a lot of publicity. Despite this, it is also clear that a certain amount of mystery surrounds the industry. In this article, we look at a very simple question – what are venture capital funds looking for in prospective businesses?

The first thing a fund manager looks for is a potential home run. They are willing to invest a lot of money, but only if the potential return on investment is huge. If you aren’t thinking big, don’t bother seeking out this type of funding.

Along this line of thinking, the fund managers are also looking for a product in a growing market. You might have the greatest idea for movie DVD technology in the world, but you are probably going to get little or no VC interest. Why? The market is moving past DVDs to direct streaming solutions, to wit, your idea is antiquated …