Little Known Benefits of Old Gold Coins You Need to Know

It’s no surprise that gold prices rose almost 20% in the weeks after the stock market crash. Central banks were manufacturing unheard-of amounts of cash aimed at stimulating the economy. With so much cash floating around, the odds of inflation were very much a reality. Not only that, but the value of a dollar decreased dramatically.

While central banks can print an unlimited amount of paper money, you can’t do that with gold. Because of this, many see gold as a benefit and are happy to store their old gold coins in a safe place. Gold is still an asset when the value of a dollar slumps. As a result, many recommend investing in gold insurance.

Benefits of Buying Old Gold Coins

Buying gold bars or old gold coins is one of the more fulfilling ways to own it. You’ll get pleasure from physically being able to look at it and feel it. There’s something about pure gold that is most gratifying. However, owning gold has its disadvantages, especially if you have a lot. However, it’s a drawback most people wouldn’t mind having, and that is the owner must secure it. Still, gold has always been a traditional investment, and here’s why:

  • The price of gold increases when other currencies decline
  • Gold acts as a deterrent to inflation
  • You are not responsible for taxes until you sell it
  • No one needs to know you have it

While gold performs well sometimes, you don’t always know when it’s the best time to buy. It’s tough knowing when gold is low enough to purchase it since it doesn’t generate a steady flow of cash. If you invest in stocks, you know when the time is right based on the company’s performance. But if you have old gold coins, they could save your life. Well, depending on what coin you owned, you could be a million dollars richer.

Best Selling Old Gold Coins

You can buy and sell silver and old gold coins under the worst economic conditions, even during a massive currency devaluation. You may think that’s absurd, but if you look at other countries, you know it’s possible.

1833 $5 Gold Half Eagle Coin

If you have a 1833, $5 gold half eagle coin in immaculate condition, you have a rare keepsake valued at $1,351,250.00. This coin has magnificent surface depth and has an indistinct cameo impression. They even perfectly define the tiniest features. There are two like this in the world. Who has the other old gold coin like this one? None other than the Smithsonian Institution’s National Numismatic Collection.

1921 Roman Proof Saint-Gaudens $20 Gold Double Eagle

The grade on this $20 gold double eagle coin suggests that it’s in better condition than the previous gold coin. Experts mistakenly graded it as an MS-63 rather than the PR-63. They struck the original coin for Raymond T. Baker, who was then the director of the US Mint. Because Baker announced he was an uncle, the mint workers wanted to give recognition to his nephew’s recent birth. No one knows how many 1921 old gold coins there are like this one, but this one has a value of $1,495,000.00

1920-S Indian $10 Gold Eagle

Gold coins were widely and frequently distributed in 1920. It’s not surprising that the San Francisco mint struck 126,500 $10 gold eagle coins in that year. Most of today’s old gold coins are in extremely fine to near uncirculated condition. They don’t make the Mint State coins with the same respect and articulate manner as other coins. They lack finer design features. This is the finest known eagle with a value of $1725,000.00.

What is Risk Capital?

When it comes to investing, a truism to bear in mind is that potential reward is always directly proportionate to the level of risk you are willing to tolerate. While low-risk investments are best suited to most areas of your financial life, such as your index fund portfolio or your pension funds, it is important to buttress this with a small element of high-risk, high-reward ventures. This is where risk capital comes in.

Risk capital is, essentially, the proportion of your savings and income that is dedicated to riskier ventures. It is money that investors are generally comfortable with losing, as losing the money would not have a particularly adverse impact on their overall financial health. Risk capital is an important part of any healthy investment strategy. Let’s dive into how risk capital actually works.

Risk Capital is Similar to Betting

To fully understand the principles behind risk capital, it is helpful to look at the world of sports betting. When betting, the idea is to have a “bankroll”. This is a proportion of your funds that you are dedicated solely to betting as a form of entertainment. It is money you are happy to “spend” on that entertainment, meaning that, although winning the jackpot would be a nice bonus, it’s fine if you don’t.

Much like with risk capital investments, you can make smarter use of your betting bankroll by consulting material such as expert sports betting analysis and news, to help you make informed decisions with how you spend it.

Risk Capital Works Better for Certain Investors

It’s worth pointing out that, although risk capital should be a part of any investor’s portfolio, certain types of investors are better suited to higher amounts of risk capital. Obviously, younger investors who are in their 20s or early 30s and are just starting out can afford to incorporate greater amounts of risk capital into their portfolios.

This is because losses are not as keenly felt, as they have much more time to rebuild wealth over the decades. In addition, wealthier investors are more likely to have larger amounts of risk capital, as their larger and more diverse income streams mean that the “risk” element is always going to be less. You should always have an honest conversation with yourself over how much risk you can actually afford.

What is a Risk Capital Investment?

There are many examples of risk capital investments. The most important thing is that they could potentially result in very large and quick returns if they go the right way. Penny stocks are one popular example, as are volatile cryptocurrencies such as Ethereum and Dogecoin.

Day trading and forex trades are popular avenues for risk capital investments, as are large stock purchases from a single company, usually a hot-ticket item such as Zoom or Deliveroo. Many people use risk capital to invest in a small business, often a business belonging to a friend. This way, they are doing their friend a favor while also potentially lining themselves up for a big payday further down the line.

Risk capital is a way of making your spare cash work for you. The important thing is to make sure that any risk capital you invest is money you are 100% comfortable with losing. Once this is the case, you really have nothing to lose.

4 Benefits of Salesforce CRM Integration

Are you working with a CRM (Customer Relationship Management) platform? These systems are used by a multitude of organizations worldwide to manage sales and service, which are of core value for their success.

CRM platforms manage every information related to customer relationships, making them convenient for employees of different departments. They provide trustworthy reporting, automated messaging, dashboards, and collaboration between departments. Platforms like Salesforce offer a plethora of tools for sending and receiving data.

Get familiar with the benefits of integrating such a system.

Reliable reporting

Among the greatest benefits of Salesforce CRM integration is trustworthy reporting. It helps companies organize and analyze their data. Unlike the other systems for customer relationship management, it helps companies see the way in which leads and customers interact with them. Consumers can be categorized in one of the sales funnel stages as leads, opportunities, or sales. Learn more about how a sales lead works.

For instance, leads are the consumers who express interest in a particular business, such as through filling out a form. In spite of being prospective customers, companies aren’t certain whether these leads will complete their journey by making a purchase or using their services. In order for a lead to transform into an opportunity, it has to move towards the final stage of the sales funnel.

When a person puts an item into the shopping cart with the intention of making a later purchase, he/she becomes an opportunity. While social media platforms cannot show the location of potential buyers in the sales funnel, CRM platforms can. The reports provided by these platforms reveal the most successful ads, which guide leads down the end of the funnel.

The moment a person turns into a customer, companies shouldn’t finish their task of data collection and analysis. It’s of tremendous importance for organizations to collect data before the purchases of customers, as well as collect extra data on their habits following the purchase. CRM platforms provide valuable information through their reports, explaining the exact way in which people interact with companies.

Moreover, the data provided in these reports assists companies in improving the communication they have with the current audience and the individuals who have shown interest at some point in the past. These reports facilitate the decision-making process and help companies make important decisions. For further guidance on more effective communication with customers, go to this site https://www.business2community.com/communications/how-to-communicate-more-effectively-with-customers-02052769.

Dashboards

Another advantage of CRM integration is the use of dashboards. Every employee with login credentials can set up a dashboard to present different types of data. For instance, marketing directors can use these dashboards to display email marketing metrics, like click-through rates. Such a dashboard can show the number of people the email was sent to and those who opened it.

Conversely, sales directors can use these dashboards to discover the number of calls made within an hour and those resulting in positive action. Employees of different departments can create different dashboards, focusing on specific metrics and details. These can be configured with charts, graphs, and tables to showcase data more effectively.

Automation

CRM integration provides companies with an opportunity to use automated messaging. This type of messaging allows businesses to place individuals into drip campaigns. CRM platforms enable businesses to send automated emails to potential customers after these people take specific actions.

When a tour company notices that some of the site visitors are interested in a trip to Italy, it can create a drip campaign for trips in Europe. Automation is also helpful in removing people from particular drip campaigns after they’ve completed the expected actions. For example, once a person books the trip to Italy, there’s no point in sending further emails on this topic to prevent confusion.

The power of automation provided by CRM systems allows employees to reduce the time for lead nurturing in drip campaigns, use customer parameters to score leads, and handle customer questions with chatbots. Instead of wasting time on analyzing data, companies can serve their consumers in a better way by creating appealing marketing campaigns, working with consumers with complex needs, etc.

Collaboration

CRM platforms enable users to collaborate when working on the same file so as for every employee to keep track of the progress. The leading CRM platforms, such as Salesforce CRM Integration, rely on various tools to manage key business processes. Departments like marketing, customer service, and sales should work simultaneously to make customers happy.

Every time a salesperson has a conversation with a consumer, he/she should fill in its record with the newly obtained information. Later on, the other system users can access the shared record and learn useful info.

Final word

A CRM platform is essential for every organization looking to improve its relationships with consumers.

It benefits companies in many ways!

4 Top Tips for Getting Started with Investing

Growing your wealth and financial freedom is a huge goal to have, and investing is often the best way to meet it. Working smarter rather than harder is what most of the world’s self-made millionaires have done in order to get where they are today. Making smart investments over time can be one of the best ways to make your money work harder for you, rather than simply taking on more hours at work. Investing a percentage of your income on a regular basis is renowned as one of the best ways to growth wealth – but how do you get started? Keep these top tips in mind.

Get Advice:

If you are completely new to investing, it can be worth looking for professional financial planning advice from affiancefinancial.com to help you get started on the right foot. A professional can advise you on a number of different topics to consider including the best types of investments for you to make, how much you should invest, and more. They can also help you get started when you want to start diversifying your investments and looking into different avenues of growing your money even further.

Reduce Your Debt:

Becoming debt-free before you start investing is a good step to take. It’s important that you are in full control of your personal finances before you start making any investments, so pay down as much debt as possible. If you have a mortgage on your home, this is usually a debt that doesn’t have to be paid off before you start investing – although you might want to consider making overpayments on your mortgage once you have freed up cash by paying off credit cards, loans, and any other type of debts. There are various methods for paying off your debts quickly including the debt snowball and debt avalanche methods, which work by either paying off your debts starting with the smallest first or the highest interest.

Choosing the Right Investment:

It is important to spend some time considering which type of investment will be the right one for you to make. If you are just starting out, it’s best to start with an investment type that is fairly well-known and has a lot of information available on it for you to learn from. In addition, it is worth thinking about the type of risk that you are willing to take by making an investment, and opt for a low-risk choice to help you get started.

Budgeting for Investments:

Finally, every investment can be a risk, so it’s important to only invest money that you are prepared to lose. Never invest money that you might need to spend elsewhere like on your mortgage or priority bills payments. You should go through your income and expenses with a fine tooth-comb to determine just how much you can afford to comfortably invest on a weekly or monthly basis without putting yourself in any financial trouble.

Investing your money is a great way to build wealth, but many people struggle when it comes to getting started. Keep these tips in mind and start making your money work harder for you from today.

Why You Should Use an IT Service as an SME

Small or medium enterprises simply do not have the same resources as larger corporations. They have smaller teams of staff and less expendable cash to play around with, but this doesn’t mean that they can’t still be incredibly successful or even grow into a bigger business in the future. However, to do this, SMEs will need to consider their options and look at ways they can streamline their operations so they can focus on more important business goals. To ease the pressure on in-house teams and still get high-quality work, outsourcing certain jobs to other professional services could be the best solution. One service all SMEs should consider using is an IT management service, and here are some reasons why.

It Saves Time

Even if you do have a small IT team in-house, using an external service could provide them with additional support to help them manage their workflow. An IT management service can remotely update your business computers and fix any technical issues that might be slowing your team down so you can all get back to work as quickly as possible.

Increase Security

Any business must make sure their data is secure, as well as their customer details. In the digital age, there seem to be more complicated online threats that are evolving all the time, so it can be hard to keep up with this if you’re not an IT expert. This is where an IT service comes in. They can help to advise you on the best cybersecurity software your company should be using, as well as keeping it all updated to avoid any potential breaches.

24/7 Assistance

Another big benefit of using an external IT service is that you can get help from them at any time. If you have staff that is working at the weekends or pulling a late shift to complete a project, they will have access to IT support if anything goes wrong. You won’t have to wait until Monday morning to get help to fix your network; they can get on with it as soon as you notify them of the problem.

They Can Make Recommendations

As mentioned previously, your IT service can advise you on cybersecurity, but they can give you recommendations for other software that your company might find useful. It might be HR management, accounting, DevOps, or other communication tools that will get your teams working more efficiently.

Cost-effective

If you’re concerned that using an IT service is going to eat into your budget, don’t let that stop you from giving it a go. Although it might seem highly expensive at first glance, they are very cost-effective when you consider all the positive outcomes they can offer your business. It’s a great return on investment when you see how your teams can be more productive.

There are a lot of services you can outsource to as an SME, but an IT management service is certainly one you need to try out first. You’ll be thrilled to see how helpful they can be so you’ll never have to worry about IT issues again.

A Comprehensive Guide to Short Message Service (SMS) Loans

How familiar are you with SMS loans? The application procedure for these credits is virtually the same as the application for unsecured loans; only the former can be obtained through a text message.

These microloans have short repayment terms and sky-high interest rates. Every applicant has to meet the eligibility requirements of financial institutions to get his/her application approved. Financial institutions impose minimum age and income requirements, as well as check the credit score of candidates.

SMS loans can easily lead to debt accumulation if the installments aren’t paid every month. Such scenarios usually happen when borrowers take out more than one microloan.

The guide below will introduce you to all aspects related to SMS loans.

What is an SMS loan?

SMS loans are short-term, unsecured loans available to borrowers after sending a text message to the bank offering them. Once you send an application, the answer from the lender is supposed to arrive in a few hours. Nevertheless, the procedure for obtaining such credit doesn’t just involve sending an SMS. Applicants are still required to sign an agreement, which is usually sent over email.

Moreover, in Norway, the amount of these credits is no higher than several thousand kroner. Most banks also provide a form on their websites for applicants to fill in instead of sending a text message. The interest on SMS loans is relatively high, and they must be repaid in a short timeframe.

The largest number of Norwegian banks offer microloans up to 30,000 kroner, not higher. The most extensive repayment period is twelve months. The inability of applicants to pay off the installments during the arranged period might lead to debt problems. See this page for some useful tips on dealing with debt.

Interest rates and fees

As far as interest rates are concerned, SMS loans have shockingly high rates due to the short-term nature of the credits. For instance, by borrowing 10,000 kroner to pay back in a twelve-month period, the interest and other expenses would approximately cost NOK 4,000.

The lower the sum you borrow, the higher the interest percentage. The same goes for the period of repayment. The shorter the timeframe, the more money you’ll pay for interest. Many applicants are confused by the sky-high rates when compared to the short length of the credit. Nevertheless, banks calculate the rates on an annual basis regardless of the repayment period. Even if you agree to pay the money off in two months, the interest will account for the entire year.

Borrowers should beware of potential debt problems interested in taking out an SMS loan. By taking out a single one, there is a low risk of defaulting on it. Some individuals, however, make the mistake of taking out several credits at the same time, which significantly increases their borrowing costs every month. Unless you wish to end up deep in the red, applying for a single microloan would be a wise decision.

Another thing to consider besides the interest rates is the establishment fee on SMS loans. If interested in applying for an SMS loan, these forbrukslån.no – SMS loan tips will assist you in making the best choice. The establishment fee is charged by banks once an applicant takes out a credit to cover the cost for providing him/her with credit assistance. In case the establishment fee is much higher than the borrowed sum, it tends to increase the interest rate.

The usual establishment fee charged by banks in Norway is approximately NOK 900. Some banks oblige borrowers to pay the same fee regardless of the loaned sum. In contrast, other banks lower the establishment fee if the loaned sum is small.

Application requirements

When applying for an SMS loan, every applicant is expected to consider the minimum requirements for getting his/her application approved. Age is an important factor considered by banks, as a person has to be old enough to be considered eligible. The age requirement of certain banks is for applicants to be at least eighteen years old, whereas most financial institutions require them to be twenty years old. The strictest lenders require borrowers to be twenty-five years old.

In addition, most banks don’t allow borrowers to submit an application if they’re over seventy or seventy-five years old. Lenders also take a close look at the income of borrowers, which isn’t universal. For instance, the minimum income requirement required by banks is between 100,000 and 150,000 kroner on an annual basis. Strict lenders impose a requirement for the minimum annual income of applicants to be NOK 250,000.

Fortunately, when it comes to SMS loans, almost all borrowers meet the minimum income requirements by lenders. Additionally, moneylenders consider the amount one is borrowing as a deciding factor. They compare the requested amount with the income of the applicant to assess the level of risk.

Besides the requirements imposed by banks, the government also obliges applicants to adhere to certain guidelines. Regarding unsecured credits, the Norwegian Ministry of Finance impedes banks from approving loans to applicants whose incomes aren’t sufficient to cover the necessities, such as food, insurance, rent, etc. See this URL https://www.investopedia.com/ask/answers/110614/whats-difference-between-secured-line-credit-and-unsecured-line-credit.asp#:~:text=Key%20Takeaways,as%20it%20riskier%20for%20lenders., to learn about the difference between secured and unsecured lines of credit.

Borrowers are also supposed to have an income that is large enough to withstand an increase of the interest rate of a minimum of five percent. Banks are prohibited from giving credits to borrowers that exceed their annual income by five times. As per these guidelines, loans have to be paid in fixed monthly installments in a period of a maximum of five years. Exceptions to these guidelines are only granted when the loan is used for the purpose of refinancing.

Credit score

The FICO score of applicants speaks volumes about their creditworthiness, thus explaining why banks take it into account when checking whether one’s application meets the criteria or not. This score is based on the age, credit history, and debts of individuals.

The credit score, however, isn’t considered a crucial factor when getting approval for a microloan. It should be higher than twenty points for an applicant to be seen as eligible. Although it won’t have a tremendous effect on your application, this score will undoubtedly influence the interest rates. Having a good score will help you receive low interest rates. The lower it is, the more money you’ll be required to pay for interest.

Early repayment

Borrowers who intend to settle their SMS loans faster can choose to pay larger installments. For example, by paying a double installment, the interest rates in the future will be reduced. Nevertheless, if you decide to use this opportunity, you’d have to contact the bank in advance for instructions on how to proceed.

Moreover, you’ll have to choose whether to stick to the existing repayment period or have it reduced because of the increased installments. It’s considered wiser for applicants to reduce the repayment term instead of keeping the original one.

Final word

SMS loans are the right choice for borrowers who have no time to waste visiting banks and discussing the terms with bank managers.

You are a text message away from getting the finances you need. Take your chance!

Reasons to Go for Online Installment Loans If You Need to Borrow Money

There are times in life that you have to deal with important expenses, and you have no sufficient money to cover them. There’s that need to buy a car because it’s more practical to drive your own car than take public transport every day you go to work. Or, perhaps, you want to purchase a house for your family, which requires a significant amount for a down payment. 

If you don’t have money to purchase the essentials mentioned above, you can borrow cash through an online installment loan. Getting installment loans online can be beneficial for you in more ways than one. 

In this article, you’ll know the basic information about online installment loans and the reasons why you should choose this loan type if you need to borrow money. 

What is an Online Installment Loan?

It’s easy to guess what an online installment is just by its name. Online lenders provide this type of loan, which has a monthly installment or repayment structure. You can use this loan for purchasing a home, car, or for paying tuition fees. 

As with almost all types of loans, online installment loans come with loan terms, interest rates or annual percentage rates, and additional fees. 

Loan Term

This is the duration of the loan as specified in the agreement between the online lending company and the borrower. Online installment loans have loan terms that last for several months or a long number of years. Home loans, for example, have loan terms of about 15 to 30 years. Understandably, the larger the loan amount, the longer the repayment duration. 

Interest Rate

The interest rate is the proportion of the amount borrowed which the lending company charged as interest to the debtor. The interest rate of a loan varies according to several factors, such as the debtor’s credit score, the lending company’s policy, the loan amount, and the loan term. 

Additional Fees

Depending on the lender’s policy, you may have to shoulder fees in addition to the interest charges. Examples of these are the origination fees, application processing fees, prepayment fees, and/or late payment fees. It’s crucial to know about these extra charges before you take out a loan. 

Online Installment Loans: Benefits

Not a few people will think twice about taking out a loan, especially from an online lender. There are those who will doubt the credibility of online lenders and the security and privacy of an online loan application. But there are actually several good reasons why online installment loans can be beneficial to borrowers. 

Easy and Fast Loan Application

The number one benefit of applying for a loan online is that it makes the application process fast and smooth. You don’t need to go to the lender’s office to fill up an application form. All you need to do is visit the lender’s website and provide your personal information in an online application form available on the site. 

After you have provided everything in the application form, the lender will immediately assess it for approval. If you get approved for the loan, you can get the money you need within the day or the next business days. 

Lenient Requirements

The requirements for online installment loans are less stringent than the loans provided by traditional banks or credit unions. Some online lenders won’t even check your credit, but only your employment status and monthly income. If you possess a low credit score, find a lender online that offers “no credit check” for their loan offerings. 

Inexpensive Interest Rates

It’s always wise for borrowers to find out the interest rate of a loan before applying for it. Many people nowadays are fed up with the high interest on loans offered by traditional banks and credit unions. That’s why they go to online lenders to avail themselves of affordable loans. 

Payday loans and credit cards typically are more expensive due to their interest charges compared to online installment loans. Furthermore, the latter has a fixed interest rate, which means that you know exactly how much you need to pay each month. 

Easy to Manage

It’s easy to set aside a budget for your monthly loan repayment because of the manageable and predictable repayment structure of online installment loans. There are also some online lenders that allow for weekly or biweekly payments to make it faster for borrowers to pay off their debts. 

It Can Build and Improve Credit

The credit score is an important factor to get a low-interest rate loan. So, if you’re planning to build or improve credit, getting an online installment loan is a good option. But you should see to it that you pay the loan on time to increase your credit score. 

Takeaway

Online installment loans can give you benefits that you can’t find in many traditional loan offerings. If you’re looking for a simple and fast loan application process, affordable interest rates, lenient loan requirements, and a manageable repayment structure, you must consider getting an online installment loan.

This Is How to Manage Your Money Better

According to a study by the National Endowment for Financial Education, only 24% of young adults showed basic financial literacy.

This statistic should terrify you because financial literacy empowers you to make smart money choices. Without this knowledge, you may not be able to save money for an emergency or make large purchases.

But regardless of your age, you need to know how to manage your money better. That’s why we’ve created a guide to help you prepare for your financial future.

Know Where You Stand Financially

Before you can understand how to manage your money better you need to know where you currently stand. One of our most simple money managing tips is to honestly analyze your income and expenses.

Collect data on your current financial situation. A good way to do this is to keep receipts for a month.

This can help you get a clear picture of where you’re spending outside of major things like bills and rent. It can provide an honest look at where you’re wasting money.

Budget

One of the most helpful tips for managing money is to create a realistic budget and stick to it. The key to creating a realistic budget is carefully tracking your expenses, as well as planning for unexpected expenses and leisure activities.

Set up a Rainy Day Fund

Right now over 41% of Americans couldn’t cover a $1,000 emergency with their savings. This means that most people are only one financial disaster away from being in serious debt.

This is why after you’ve created your budget you need to set aside a certain amount of money each month to prepare for an emergency. The ideal target is to keep around 4 to 6 months of living expenses set aside for any emergencies.

Pay off Your Debts

Debt can take a toll on young earners financially and emotionally. If you have too much accumulated it can prevent you from reaching your financial goals. After you have money saved for an emergency the next step should be to pay down any lingering debt.

Set up a Retirement Fund

In the future, you may have to retire or take a leave of absence from work. Unfortunately, social security may only pay part of your living expenses. This is why you need to set aside a significant portion of your income to prepare for retirement.

You may have options like a 401(k) set up through your employer or Roth IRAs that help you save independently. You need to plan out how much money you’ll need for living expenses in the future.

Ask For Help Learning How to Manage Your Money Better

Even if you follow all the advice we’ve laid out you may still have larger financial issues that you can’t deal with alone. This is when it’s time to reach out by finding a financial advisor to offer help managing money.

The job of this wealth advisor is to help you prepare for your financial future. Hiring a wealth advisor can help you plan for retirement and save for your education.

Want More Finance Advice?

Learning how to manage your money better means taking a look at your current financial situation, creating a budget, and preparing for the future.

If you want more advice on how to achieve your long and short-term financial goals then check out our blog.

Wealth Creation and Saving Strategies | OnMoneyMaking