The risk of lending money.

There are times when the person you least expect to betray you happens to be the very person who will do it to you.

Get my drift?

Well, a friend of mine did that to me. It was almost a year ago when he talked to me, asking to borrow money. I normally don’t allow this but since he was a very close friend of mine, I lent him some. Well, I should have just told him to go and apply for a loan or cash advance rather than lend him the money myself. It will be a year by end-June and I haven’t heard from him since. I was hurt, to say the least. But well, I took the risk and I just have to suffer the consequence.

I suggest that instead of borrowing money from family or friends, there is a cash advance facility available for a person. Impersonal yet very helpful. Try that first before anything else.

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How come?

How come when you have so many cash lying around, you don’t know what to buy. But when you don’t have any excess funds with you, you find so many stuff you want to hoard!

I recently found out that there are so many cute trinkets and other fancy schmancy stuff in a novelty shop I frequent. I also discovered last week a new shop that carries so many cute stuff I like. Last weekend, I felt like taking my sisters to this buffet/eat-all-you-can restaurant that my friend took me to on her birthday. I found a way to easily buy books abroad without the staggering shipping costs and delay in shipment but I don’t have enough to pay for it.


How come I see so many things I like but I don’t have enough to finance all of it!!!


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Financial Planning: Umbrella or Limited Status for your Company

As a start-up, one of the first things you need to decide is whether you should trade as a limited company or use the services of an umbrella company. You aren’t an accountant, so you’ll be forgiven if you feel overwhelmed by such a decision.

In the following paragraphs we’ll breakdown the key benefits of both options to help paint a clearer picture as to whether you should be limited or umbrella company. It is important that you seek the advice of an accountant before making a final decision.

The key differences between umbrella and limited
Both options are extremely different from one another, so it is vital that you understand the key advantages and disadvantages of both options before you are able to make a decision.

Limited Company
In a nutshell, the limited company route will see you incorporate your own limited company and become the director. You’ll be in charge of invoicing and the day to day running of the business (with the help of your accountant) and it is the most tax efficient way of trading, seeing you typically take home around 75% to 80% of your gross earnings.

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