How Important is a Healthcare Insurance?

Healthcare Insurance: Do you have one?

Let me tell you how my family struggled in paying for medical bills of my brother and my mom when they got sick. We lost whatever money we had including resources and such when my brother was diagnosed with leukemia. It was a six-month battle that we didn’t won. We lost my brother and we also lost big time in paying for all the medical bills incurred during those six months and after. The same thing happened when my mom got diagnosed with a rare kidney disease. My mom and the family battled it out with amyloidosis of the kidneys for three long years. My mom was in and out of the hospital, had four to six specialists who checked on her regularly, and was in several medications for her other internal organs. You can just imagine the amount of money we needed that time for her to get better. Which in the end didn’t really took place because she lost the battle to her disease.

Two sickness and deaths in the family. Both times we lost so much money, which was not really an issue with us, but had there been health insurances in both cases, we wouldn’t have had to undergo so much stress in looking for money to pay for their medical bills.

That’s how important healthcare insurance is!

We learned our lesson. We had to go through the process of grieving and rebuilding our resources once again. Twice. But now that we know what to do, we are getting healthcare insurance so that when it happens again, which I pray so hard that it won’t, we have something to fall back on, to tap into.

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Entrepreneurship, etc.

I have been reading a lot about businesses, what is the best one I can put up with the little capital I have now, and how to put up one. I have gathered quite a number of information about putting up a small business and I thought I’d share it here for those who are also interested in being an entrepreneur themselves.

I am an accountant by profession. So, the financial side of a business is quite easy for me. I also know a lot about securing permits and licenses and certifications from the local government units. I will also share it here.

You can expect a series of posts about it. I am just jotting down a list of things I want to share as I want everything in order, not haphazardly shared only.

You can also expect a couple of posts about handling finances. I am very much interested in it, reading a lot of articles about separating money for savings and adventures.

Stay tuned.

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Sage Financial Advice For These Worrying Times

I don’t know about you, but right now, every time I turn on the TV or listen to the news on the radio, it’s pretty clear that there is a lot of worrying things going on in the world right now. No matter what side of the political divide you lie in, it’s clear to everyone that we are on a rocky road, the likes of which we haven’t seen before.

It got me thinking – what is our future, and that of our kids, actually going to look like? And what on earth can we do to ensure we are safe, happy and content?

Some things are out of our hands, of course. None of us can stop global problems and world leaders doing what they like on an individual basis. But what we can do is to give ourselves an opportunity to forge a secure future, no matter what happens. Here are some suggestions that might help you get through this particularly rough patch and come out the other side intact.


Have yourself some fun

While you’re young, it’s important to get out there and enjoy yourself. Sensible financiers might tell you to pump all your money into a retirement fund and investments, and while this is excellent advice that you should consider following, it’s not the be-all and end-all. It’s all about striking the right balance, between spending good times with those you love and preparing for a sound financial future at the same time. You don’t need to live like it’s the last day of your life, but you do need to enjoy yourself – so make sure leisure and social activities are on your agenda, as much as financial planning. Ultimately, the friends you make now could be the support you need in the future – and money can’t buy you that kind of loyalty and friendship.

Invest in yourself

If you want to enjoy a happy lifestyle in your later years, you need to invest in yourself. Ultimately, the rewards you get from life will be down to your knowledge, skills, and experience you pick up, and the sooner you invest in your education and learning, the better off you will be. Start seeing yourself as an asset, and one that if you invest in will pay off for many years into the future. Work hard, learn everything you can, and make the right career choices, and you will not have to worry about financial dependence in later life.

Plan properly

It’s easy to say you want to be a millionaire by the time you retire. But if this is your only goal, it will be almost impossible to achieve. You have to break that aim into small chunks and focus on setting yourself a string of short-term goals, which will eventually lead to achieving the long-term objective. A lot can change in the next 25-30 years, so take thing slowly and make your decisions based on the current climate. For example, perhaps you could start matching your company’s retirement contributions so that you maximize your returns. Or maybe you could focus on paying off all your debts within a couple of years. Take baby steps, and you’ll find that your overall dream starts becoming more likely.


Take care of yourself.

Your genetics will have a significant role to play in your later years, but there’s even more you can do right now to ensure you are happy, healthy, and content. It’s critical to start living a healthy and active lifestyle, and the earlier you start, the better. No one knows what the future holds, of course, but if you invest in your health and fitness right now, your life expectancy will increase.

Plan for ill health

However, as everyone knows, the older you get, the more likely it will be that you suffer from ill health. You just don’t know what’s going to happen, and the best time to start preparing for potential problems is right now. You might need money to fund your memory care, meet your physical needs, or even expensive medical costs that aren’t available via social security or your insurance plan. All of this can add up to an eye-watering sum, and unless you have a solid financial foundation, you will either go without or have to rely on your children’s money. So, start saving, making safe investments, and ensure you are ready for anything.

Educate yourself financially

Anyone can make money – it’s what you do with it that counts for the future. And given that financial literacy isn’t taught in schools, the best thing you can do for yourself is to learn about how to manage and invest your finances in the right places. Research proves that those who know their numbers will almost always be better off in old age – and their kids will enjoy a wealthier lifestyle, too.

Check your lifestyle

Most people earn more money than they actually need to spend. The trouble is that this excess income is often wasted, and pumped into fleshing out a more luxurious lifestyle. But at the end of the day, a $4,000 TV is going to last just as long as a $500 alternative that you find in a sale. And once you start spending on your lifestyle, it’s a lot harder to return to a more frugal way of living. So, no matter how much or how little you earn, always make sure the cost of your life is less than your income growth – and put what is left away in savings.

Borrow to invest

Finally, don’t be afraid to borrow money. As long as you are doing it the right way, debt can be a useful investment tool. However, never put lifestyle choices on credit, and only ever use debt as a platform to make money. Mortgages, business loans, stocks and bonds – and even your education – are all areas where borrowing should pay off.

No one can be certain of what will happen in the future, particularly in these troubling times. All you can do is focus on your future and that of your family. Make the right choices now, and you should be able to avoid any of the potential clouds that could show up in the years to come.

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A New Baby Brings A New Financial Reality

It’s wrong to think of a new child regarding their financial circumstances, and of course, you won’t. You’ll just be excited by the little bundle of joy that’s on its way into the life of you and your partner. But the fact of the matter is, a new baby will have a significant impact on your finances, and as such it’s important that you sit down to see how you’ll adjust your finances once your new child is with you. Below, we take a look at four actions you should take when you learn you’re expected another child.


Reevaluate the Goals

If you’ve been taking care of your finances, then you’ll already have a financial plan and goals. That’ll need to be rewritten now, as you have a new person who will be relying on your financial support and stability. Once you’ve factored in the cost of raising a child, reevaluate your goals. You might want to put more money away for your child’s tuition, or savings, and this will have to be brought in line with your existing financial goals.

Practical Concerns

Aside from your savings and financial hopes, you’ll need to think about any practical concerns you’ll need to account for. For example, it might be that you have to view homes for sale if your current abode will no longer be big enough for your growing family. You’ll need to weigh up the needs of you and your family, and then find a place to live that meets these requirements. You may also need to buy a more family-friendly car, especially if this is your first child. Finally, don’t forget the cost of babyproofing your home.

No Nasty Surprises

Parents can sometimes underestimate just how costly a baby can be. As such, it’s important that you’re the victim of a nasty surprise once your child arrives. To avoid this from happening, make a budget for everything you might need for a new child; and then multiply it by another quarter. There’ll be no way you’re able to budget for every eventuality, especially as there are many hidden costs of a new child, so you’ll want to give yourself some wiggle room when it comes to your budget.

Automate Your Savings and Investments

Some parents can get some preoccupied with their new child that they forget to keep an eye on their other financial goals. You’ll be too busy with sleepless nights and the like to stay on top of your finances. Therefore, it’s a good idea to automate your savings and investments so that they keep ticking over even when you don’t have the time to take care of them manually.

Final Thoughts

There’s no getting around the fact that a new child will cost you a lot of money. However, with a little bit of sensible preparation, you can make sure that you’re able to take the new financial reality in your stride. With that taken care of, you’ll be able just to enjoy all the joys of having a new baby in your life!

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7 Places To Invest Your Money

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Got some money stowed away that you’d like to make a return on? Investing can seem like risky business to many people, but as long as you take the time to do some thorough research you can usually maximise your chance of a profit. There are countless places to invest your money. Here are seven investment ideas that could be worth considering.


Most first-time investors will try their hand at property. There are many ways to make money out of real estate. You could buy a property and then rent it out to people to live in for a profit. Alternatively, you could buy a property, up its value by renovating it and then sell it to make money. There’s a lot that could go wrong with property investment from dodgy tenants that don’t pay their rent to expensive repairs that you didn’t see coming. It’s important to prepare for all this by having some form of backup fund. Hiring property managers to handle rent and handymen to do renovations can take away a lot of the stressful hands-on work of property investment and make the reward more worthwhile.

Local business

Investing in a local business idea could be a great way of making a profit. This could be a shop or a restaurant that you’re sure will make a profit, or some kind of local service that your community needs. Just make sure the company that you’re investing in has a solid business plan and that there’s a lot of local interest – you don’t want to invest in a company that’s doomed to fail.


Whilst the value of gold fluctuates, it’s unlikely it will ever become worthless. Buying some gold from a company such as Bullion Vault and letting it rise in value before selling it could be a way of making a return. Just make sure to do your research as the gold industry can be complex.

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Renewable Energy

People are no longer investing in oil and are instead putting their money into the energy sources of the future. Wind farms and solar panel companies are already seeing huge profits. Investing in such a project could be great for making a return in the future.

Health insurance

Insurance companies are built on risk, however the likes of Health Insurance Innovations are proving to make a steady profit making them attractive ventures for investors. Your money could be helping to fund lifesaving medical treatment for people, making this one of the more ethical insurance investments that you could choose.

Peer-to-peer lending

Peer-to-peer lending sites such as Zopa allow you to offer loans to people. Just as a loan company would charge interest, you get your money back in interest charges. Peer-to-peer lending allows you to contribute any amount, no matter how small. Choose trusted sites that will moderate your lending to ensure you get your payments back.

Pay off your debts

Paying off debt may not seem like an investment, but it can be. Many lenders charge higher interest the longer you take to pay off a loan. By paying off your debts quickly, you’ll pay less interest and technically save money.

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Upgrade Your Home Business to a Fully-Fledged Startup

One of the hardest steps to take on the path to becoming an entrepreneur is stepping out of your comfort zone. As humans, we love comfort. We love the feeling of being safe at home and we love familiarity. However, it’s the successful entrepreneurs that thrive in unfamiliar environments. They know how to take risks, they understand when to gamble and they always have a plan B ready for when plan A fails.

This article could go on and on about what entrepreneurs do that you currently don’t. But, instead, we’ve distilled it down to just a couple of considerations that you should make if you want to upgrade your home business into a proper startup.


Have a growth plan

Perhaps it’s never been on your mind before, but you need to have a growth plan ready for your business. This article from will show you how to create a strategy for your business. It’s one of the fundamentals of running a business, and if you plan to step out of your comfort zone and upgrade your at-home business to a large-scale operation, then you have to be ready to accept change.

Secure the funds

Whether it’s through crowdfunding platforms or a business loan through a website such as, you need to have money in order to grow your business. Sure, there are plenty of ways to grow a business that don’t involve the use of money, but if you want to hire employees, rent an office and employ proper marketing techniques and materials, then you need to spend money. Just remember the saying; you can’t make money without investing money.

Have a continuity plan

Let’s admit it; growth plans don’t always work out. You could end up bankrupt because you lack the experience or you could grow so quickly that you crumble under the pressure and your business collapses. It’s difficult to expand a business, so always have an exit strategy. For instance, you could dissolve the business and continue your at-home business, or you could scale down your operations and fire all of the staff that you hired. Whatever you do, make sure you have some kind of plan ready for the possibility of your company shutting down.

Understand your responsibilities

As a business owner and entrepreneur, you need to understand that you’re no longer in charge of just a handful of staff or yourself. As an entrepreneur, you’ll have hundreds if not thousands of employees working under you at some point, so it’s your responsibility as the business owner to care about every single one to some degree. Your decisions will echo throughout the entire company, so make sure you’re prepared to have the fate of every member of staff in your hands. Whether they have a job to feed their families next week or not is entirely down to your decisions, so make every decision count and remember that you have more responsibilities the larger your company becomes. Some people can’t cope with this and ultimately pass the business on to someone else while they remain the founder. However, the successful leaders can inspire everyone that works for them, and it’s that kind of attitude that you should be aiming for.

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Go The Distance: Looking Ahead To Prevent Financial Pitfalls In Your Startup


They say that preparation is key, and it’s is never truer than for any individual that is starting their own business. Every little detail needs to be put in place before you can get your product out there, your staff are hired, and even before you go to the bank for a loan. The finance aspects are major turning points for any business. It’s also a veritable Catch-22 situation, you need money to make money, and so the cycle can be getting yourself into debt to push your services a bit further. But you don’t want to end up getting into that debt cycle, which can be a struggle, not just financially, but emotionally on you. So how can you prepare your business to avoid these typical financial pitfalls?

Don’t Quit Your Day Job Just Yet
Yes, it’s very tempting to jump in with both feet, but the fact of the matter is that you will end up treading water for a long time. It’s better to build up a roster of clients and contacts alongside earning a full-time wage, so by the time you have got enough work as a freelancer that the scales can tip in your favor, then is the right time to set up your business.

You Don’t Need An Office
There are plenty of people that run a business from home successfully in the first year of their business, so take this on board if you are trying to find ways to cut back on expenses. The working at the kitchen table scenario may not be beneficial for everybody but you can find ways of renting out a small office from an existing business, or you could become a member of a co working space. As long as you have somewhere that brings minimal distraction, this will be the best way to focus your efforts and your finances.

Look At The APR
Of course, if you need to borrow money to cover a certain expense, or you are onto something that you feel deserves financial backing, there are various ways to get financial loans, but you need to weigh up the pros and cons, as well as the interest rates on each loan. A site like shows the options for a business line of credit and the various criteria you need to possess in order to be granted this line of credit, which shows there are various interest rates attached. If you feel that your business needs this financial injection in the short term and it will prove beneficial, only you can decide. But beware of the additional interest rates on top that could add to your expenses.

Use Limited Staff Where Possible
If in the first year you can get by with just you and your laptop, then great. If not, then hiring staff on an as-needed basis is far more beneficial for you and your bank balance. You can use plenty of websites like for short-term freelancers. Beware about scaling up your business too fast, because you need a skeleton staff to bring everything off the ground, not a full fleet of workers.

Preparing a business for these pitfalls is a very common issue, but there are plenty of ways around it.

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Don’t Let Your Home Business Leave You Bankrupt!

For a lot of people, running their own business from home can be the perfect career choice. After all, it puts you in far more control over when you work, it gives you the freedom to work from home, and it takes away a lot of the pressure of having a boss staring over your shoulder all day long. Of course, just because there are a lot of positive things about it, doesn’t mean that it doesn’t also involve some challenges as well! One of the most significant challenges that you’ll face when trying to run a business from home is, of course, financial. Sure, you don’t have anyone breathing down your neck all day, but that means that the buck stops with you, including any and all financial responsibilities. With that in mind, here are some ways that you can avoid letting your home business leave you bankrupt.

Getting into debt

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There’s a pretty good chance that, unless you have a pretty hefty amount of capital just sitting around, you’re going to need to take out some kind of loan in order to get your business off the ground. This isn’t a bad thing by any means and many business loans offer fantastic rates, but far too often small business owners turn to creditors to solve all of their financial problems. This can lead to a lot of accumulated debt from a lot of different direction. If you have a look at this debt consolidation loan payment calculator, you can see that, by consolidating your debts, you can make things much easier for yourself. Sure, you’re still going to need to pay back the loan, but having a single, smaller loan rather than multiple debts can be a lot easier to manage.


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When you first start your business, it’s tempting to do anything that you need to in order to make yourself tempting to potential customers. This leads many business owners to make one of the worst possible mistakes: undercharging for products and services. Sure, you might think that by doing this you’ll be able to undercut your competitors but in reality, you’re just putting yourself in a position where you’re not earning a fair profit on your products. Even if it does work, eventually you’ll want to grow your business, and that will require higher earnings, which could lead you to want to increase your prices. However, by raising your prices, you’re likely to end up upsetting many of your customers who were used to paying the smaller amount that you’d been charging previously. There are plenty of ways to compete with more established companies, but undercharging is certainly not one of them.

Of course, this isn’t going to be the only difficulty that you’ll face as a business owner. You’ve got to be aware of just how much responsibility such an endeavor requires. If you’re not ready to deal with all of that responsibility, then running a business might not be for you after all.

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