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Should I Sell My Structured Settlement?

shaking handsWhen you are awarded a large payout, it is now often the case that this money will be sent to you as a structured settlement.

What does this mean exactly?

Quite simply, a structured settlement is when you get the money over a set period of time instead of one lump sum. For example, you might receive an initial $10,000 payment, followed by $1000 a month for the next 15 years.

For many people though, this is not a good option, as they need most of the cash now rather than over the coming years. For this reason, getting cash for structured settlement payments has become increasingly popular, as it is more than possible to find a buyer and get most of the money directly into your bank account.

Just be aware, that you won’t actually get all of the money when you sell a structured settlement. To use an example, if you have been awarded $150,000, then a buyer might offer you $125,000 for your structured settlement.

Whether or not this is a good deal depends entirely on your own unique circumstances. If you really need the cash to pay off debts or make other emergency payments, then selling your settlement is often the right thing to do.

However, if your finances are in order and there are no emergencies, then getting the money on a monthly basis is usually the sensible idea, as you will be receiving a nice injection of cash each month, and more importantly, you will end up getting the full amount over the coming years.

Another thing to take into consideration is how good are you at spending your money wisely. Let’s face it, if you have a track record of making wild purchases and not thinking before you buy, then selling your structured settlement might not be the best idea in the world.

Sure, it can seem tempting to get a lump sum of cash so you can buy a fancy car, go on an expensive vacation, and buy designer clothes, but at the end of the day, is this really the best way to spend the money?

Only you can answer this question, and ultimately, only you can make the decision of whether or not you should sell your structured settlement.

Just make sure that you don’t rush into making a decision. Take the time to think things over carefully, and discuss the pros and cons with your family.

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5 Simple Steps When Buying a New Car

car for saleBuying a new car doesn’t have to be a difficult process. The key is to keep things simple and make sure you are not spreading your finances too thin.

Here are 5 simple steps when buying a new car:

Research your options

Before you go out and start looking at cars, you are highly advised to research your options online. For example, by visiting a site such as carbuywhiz.com you can read expert guides written by professionals so you are in a stronger position once you reach the dealership.

As they say, knowledge is power, which is why you should arm yourself with as much information as possible so you are completely prepared.

Decide on your budget

Let’s face it, in this tight economic climate, money is tight for many people. With this in mind, make sure you decide on your budget before you go looking at cars, and if the price isn’t right then be prepared to walk away and go elsewhere.

Ultimately, if you go over budget, then this could lead to financial hardship in the future.

Always go for a test drive

Every car is different, and some may not be suited to your driving style, which is why you should always go for a test drive before buying a new car.

If you are looking for a second hand car, then it can be helpful to take along a friend who is a mechanic or knows a lot about cars. They can give the vehicle a check and let you know about any hidden potential problems.

Get maximum value for your current car

Unfortunately, one of the major mistakes made by people buying a new car, is not getting maximum value for their current car. Often, they are happy to simply part exchange it at the dealership, but with a little bit of extra effort they could have got a far higher price selling it privately.

If you have the time, then it’s well worth listing your current car for sale privately, in order to give yourself the best possible chance of getting maximum value.

Compare lenders for car loans

Getting a car loan from the dealership is usually the most expensive form of lending. For this reason, spend the time comparing different lenders for a car loan, so you can get the best deal possible.

This is a very important step, as getting lower interest rates and terms can significantly reduce your monthly repayments.

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5 Binary Options Trading Tips for Beginners

Binary options resultsIf you want to earn a little extra cash in your spare time, or even make a full-time living from the comfort of your own home, then you should take a closer look at binary options trading.

Thousands of people are making a great income for themselves, all without any prior knowledge, skills or experience.

It’s not all plain sailing though. There are many beginners that lose their shirt rather quickly, which means you will have to learn fast if you want to avoid this happening to you.

Here are 5 binary options trading tips for beginners:

Get a good broker

Having a good and professional broker on your side can make all the difference. If you don’t know who to choose, then consider looking at some binary options brokers comparison websites to help you make a choice. Also, it’s worth noting that you can open a demo account at first, to see if the platform is suitable for your needs.

Avoid software and “robots”

There are many claims being made on the internet about how certain magic software and “robots” can make you a millionaire overnight. Of course, this is complete and utter rubbish, and is merely designed to separate you from your cash. Instead, work on learning the basics, and look to gain experience whenever you can.

Enroll in a training course

If you want to take your binary trading skills to the next level then it is highly advisable to enroll in a good training course. Look around for recommendations, and make sure there are experienced traders on hand to answer your questions and teach the classes. Many training courses are now available completely online, where you can learn from webinars and online discussions.

Trade for the long-term

At the end of the day, binary options trading is a long-term activity. You will have ups and downs on the journey, but if you play your cards right then ultimately you will come out on top. Always remember this. Don’t tempted to get drawn into fads that don’t fit into your overall strategy.

Always be learning

No matter how much money you make, or how good you think you are, there is always more to learn. Binary options trading is a constantly evolving experience, which means you should always be learning and discovering new strategies. Read a new book every week, and seek out other traders to ask them questions.

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3 Effective Binary Options Trading Tips!

yes written downIf you are new to the world of binary options trading then you may be wondering which way to turn? Sure, you might have had notions of making millions overnight without barely lifting a finger, but the harsh reality of the trading world probably soon put an end to those dreams.

Instead, you are most likely figuring out by now that making money with binary options is tough. There are countless tasks to perform, such as market analysis and looking for Binary Trends that can make you a quick profit.

Also, there is the mental side of trading to contend with, and many traders quickly start to feel crushed by the massive stress and risk they encounter on a daily basis.

So does this mean it’s impossible to make good money with binary options trading? Not at all, as long as you approach the trading game in the right way.

With this in mind, here are 3 effective binary options trading tips to get you started…

Master the basics

Before you run, you must learn to walk, and this is no different in the binary trading world. Many people forget this simple but powerful fact, which is why they don’t last very long before going broke.

The best way to master the basics is to invest in a good trading book, that explains clearly all the aspects of binary options trading, as well as giving you simple examples that will accelerate the learning process.

Find a mentor

Once you start to master the basics, then a good way to take things to the next level is to find a mentor.

There is nothing like having someone there by your side, who has a proven track record in the world of binary trading and can provide you with all the advice and knowledge needed to raise your game.

Pick one strategy

It’s important to understand that long-term success in binary options trading is all about taking constant action on a daily basis.

Most traders get caught up in short-term thinking, which means they end up chasing shiny objects and chasing the next big score. Unfortunately, this usually ends up going nowhere.

Instead, pick just one strategy and commit to following it for a few months. Put all of your focus on that strategy and you will be seeing profits quicker than you think. At the end of the day, binary options trading is not a race, and a slow and steady approach is always the way to go.

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Gold IRA Investments for Retirement – The Facts!

Retirment road signRetirement is supposed to be a time when you can relax and enjoy life. However, for many people this is not possible, as they forgot to plan effectively for their financial future.

Don’t be one of the millions of Americans who end up broke when they retire! Instead, you should make retirement planning your main priority right now, so you can be rest assured that you and your family will be financially secure later in life.

One way to sensibly invest for your future is with an IRA. More specifically, gold ira investments have become very popular in recent years, due to the fact that gold offers a good way to make your money work for you.

Gold is the most valuable of precious metals available, and its price has been shooting through the roof recently. Not only that, but it is widely agreed that gold will always have value, no matter what is going on the world.

This means that in 30 years time the world could be in financial crisis, and the US Dollar could be virtually worthless, but gold would still be valuable.

Can you see now why setting up gold IRA investments for retirement is such a smart thing to do? Don’t get left behind, and start investing in gold right away.

Here are some more benefits of setting up a gold IRA account:

Less tax

If you decide to invest in gold stocks, then one of the benefits of doing this is that you can move in and out of the investments without being subjected to capital gains tax.

At the end of the day, having to pay any kind of tax on your investments can be a real killer, as it will seriously eat into your profit margins. Many investors work on very tight margins, so the less tax you have to pay the better. Gold stocks gives you this option.

Protect yourself against inflation

Many people reach retirement only to find that many of their investments are now more or less worthless due to rising inflation.

Because gold is massively increasing in value year upon year, it’s riding well above inflation, which is why a gold IRA investment will always protect you against less than perfect financial situations.

Gold is evergreen

For hundreds of years, gold has been in held in the highest regard possible, and is seen as symbol of wealth.

This will never change, which means there will be no problems in selling the gold for maximum value whenever you wish to do so.

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How to Buy Gold Coins on Ebay – Some Tips

Online shoppingAre you looking to invest in gold to add some security to your financial future? Or maybe you are just interested in collecting coins and are looking for some great deals?

If so, then Ebay is a great place to buy gold coins, as you can find some real bargains. Once you check it out, then you will never be left wondering where to buy gold coins ever again!

Although you can get some great prices on ebay, don’t expect massive discounts. Looking for gold coins which are half price is just not going to happen, no matter how hard you search. Maybe in the early days when Ebay was first getting started, but nowadays you are competing with many other gold coin buyers just like yourself.

More realistic is to expect to save around 5-10% on what you can find elsewhere, which means you can still make some terrific savings.

In order to make these savings, you need to know what to look for, so you can avoid being ripped off from dodgy sellers. Although Ebay has a great reputation, there are still a few sellers that spoil it for everybody else, so you need to be able to spot them.

Look at feedback

Ebay is a website that generates a lot of trust due to their great feedback system. Basically, you want to make sure that any seller offering gold coins has a high number of positive feedback comments. If they do, then there is a high chance the seller can be trusted.

Look for Power Sellers

Power Sellers are established sellers on Ebay that have made thousands of transactions. If they were doing anything shady then they would have been kicked out by Ebay long ago, so it’s a good indication that they are trustworthy and reliable.

Look for date joined

If a seller doesn’t have a lot of feedback and is not a power seller, then you should look at the date they joined the site. New members should always be treated with caution, as they might be looking to scam you out of a quick buck. If you have any doubts in your mind then don’t bid on or buy the item.

Always ask questions

One of the great things about Ebay is that you can ask the seller questions before bidding on the item. If you ask a question about a gold coin and the seller doesn’t respond, or their answer doesn’t really answer your question, then you should avoid buying from them.

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