Emblix: Blog Emblix: Blog https://www.emblix.org/blog/ Copyright by Emblix en Emblix Mon, 30 Jan 2023 04:18:20 -0500 The Best Ways to Get Out of Debt

No one wants to find themselves in debt, but it can happen to anyone. These days, there are plenty of reasons you may be confronted with an overwhelming number of expenses – and it’s more common than you think. Perhaps you’ve found yourself facing an unexpected medical bill, job loss, or simply living beyond your means. Regardless of the cause, getting out of debt can be a daunting task – which is where debt consolidation services come in.

No matter where you live or who you are, you are not alone if you’ve found yourself in debt, facing debt is not only common but entirely manageable, thanks to the resources that are publicly available. Fortunately, there are professionals who specialize in helping people get out of debt and take back control of their finances. Here, we will talk about a few options that are available for those looking for debt consolidation resources, methods, and services.

Assess Your Spending

If you’re trying to get out of debt, assessing your spending habits is a crucial step to helping you reach your goal. Look for areas in your budget where you can make meaningful cuts, such as reducing entertainment expenses or vehicle costs. By limiting your spending and exploring debt consolidation options, you may be able to develop a debt payment plan that fits within your lifestyle and budget. Granted, there will likely be some tough choices involved in making this happen, but if debt elimination is a priority, it's important to evaluate where you can reduce costs and manage debt payments effectively.

Speak to Debt Relief Agencies

Debt consolidation and relief agencies offer professional assistance and advice tailored specifically to your situation. These agencies are staffed by experts who know how to evaluate your financial situation and come up with creative solutions for reducing or eliminating your debts, without having to declare bankruptcy. They may be able to negotiate lower interest rates with creditors or consolidate multiple debts into one more manageable payment plan.

Contact Bankruptcy Attorneys

Bankruptcy is another option if you’re facing debt and have no other options left. Bankruptcy attorneys can help you understand the legal ramifications of this decision, give you insight into debt consolidation options, and guide you through the process of filing for bankruptcy (if that’s what it comes to) so that you get the best outcome possible. Your attorney will explain all the different types of bankruptcies—Chapter 7, Chapter 11, and Chapter 13—and work with you to determine which type is most suitable for your individual circumstances.

Ask Credit Counselors

Credit counselors are experienced professionals trained in the areas of budgeting, debt consolidation, credit management, and debt repayment strategies. They can provide invaluable advice on how best to manage your money and help you create a realistic budget that considers both current expenses and long-term goals. Credit counselors also provide personalized guidance on issues such as how to pay off existing debts while avoiding taking on additional ones in the future. If you need advice from a credit counsellor, get in touch with your local debt consolidation expert today. Although filing for bankruptcy may be the final destination, experts can offer insight into any additional solutions you might be eligible for.

Get the Help You Need

Dealing with debt can be a stressful experience, especially if you’re unsure where to start. If you’re feeling overwhelmed by debt and need to make a plan, there are experts available who can help you get back on track financially. By tracking your spending, asking a debt relief agency for help, or negotiating a better repayment plan with creditors, you can ensure that your situation will be rectified in no time.

You can also allow a bankruptcy or debt consolidation expert to guide you through the process of filing for bankruptcy protection. This is because seeking professional assistance is often necessary when it comes to handling large amounts of debt, and looking for debt consolidation options.  With help from these knowledgeable professionals, getting out of debt doesn’t have to feel like an insurmountable challenge anymore!

guide https://www.emblix.org/blog/the-best-ways-to-get-out-of-debt/ https://www.emblix.org/blog/the-best-ways-to-get-out-of-debt/ Editor Mon, 30 Jan 2023 01:12:55 -0500
How Will a Chartered Accountant Benefit My Small Business? Running and managing a small business is a challenging task. It involves many activities ranging from product development and sales to customer service. That's why you need a solid team of experts like a professional chartered accountant. They offer a wide range of services that will benefit your small business in many ways.

Here's how a chartered accountant will benefit your small business.

  1. Accounting 

Accounting for your business expenditures is critical. It shows your business's performance in its operations and cash flow. A Chartered Accountant will create an accurate report that is easy to understand and analyze information. 

Also, accountants have experience in managing and running small businesses. They have worked with various clients and have the skills and expertise to help with any financial issues in your business.

  1. Payroll preparation

Payroll is critical for both business and individual purposes. It needs to be flawless and be done on time to avoid a crisis. A chartered accountant will provide comprehensive payroll services for your business. They will help you customize payslips, analyze staff costs, advise on scheduled payments, and administer PAYE.

  1. Bookkeeping 

Your business needs accurate records to take control of its finances. A chartered accountant will give bookkeeping services to facilitate all small business accounting rules, including annual and periodic accounts. You'll be able to make solid and wiser decisions when your books are accurate.

  1. Tax returns 

Chartered accountants offer tax services for small businesses. You'll find the services essential for compliance, streamlining processes, and preparing tax returns. Also, they will advise on tax payments, tax type registrations, and tax minimizations.

  1. Forecasting and budgeting 

Having a budget is a sure way to ensure your business spends its resources wisely. The accountants will dig into your business cash flow and identify changes and suggestions for optimum results. Also, they will give advice and help you develop a future plan and an actionable one.

  1. Strategic planning for your business life cycle 

A chartered accountant will help plan the different stages of a small business. You'll have their support during startup, emerging, establishing, expanding, growing, and exiting. 

  1. Provide security 

As a small business owner, you'll need assurances that your money is in good hands. A chartered accountant will comply with all the rules and regulations, making your books the most secure in the market. Also, if something goes wrong, they can rectify it correctly and promptly.

  1. Save money and time

Managing a small business can be overwhelming and time-consuming. You'll want to free up time to focus on growing the business and building networks. Hiring a chartered accountant will allow you to use your time on productive activities for your business. Also, their fee is relatively low, and you will not incur fines or penalties, and that's a cost-saving tactic. 

Moreover, an accountant will help you identify positions and roles within your business. They will conduct an organization review to distinguish the departments, roles, and functions so you can plan for the future. These will help in identifying issues, saving your business time and money.

In summary, a chartered accountant will benefit your small business in many ways. Hire a professional and have much control over the financial aspect of your venture.

guide https://www.emblix.org/blog/how-will-a-chartered-accountant-benefit-my-small-business/ https://www.emblix.org/blog/how-will-a-chartered-accountant-benefit-my-small-business/ Editor Thu, 12 Jan 2023 22:42:30 -0500
Learn The Difference Between No Credit And Bad Credit Introduction

Generally, having no credit is more beneficial than having bad credit, though both can be a burden. People with bad credit may need help applying for credit, renting an apartment, etc. In contrast, those with a credit history may need help getting approved for today's best credit cards.

However, You may also face difficulties in availing loans for bad credit online. Fortunately, there is a solution. The answer is simple; whether you're just a beginner with credit or have made a few financial mistakes, you can discover how to improve your credit score and start moving toward the benefits of having high credit.

This article will cover the meaning of no credit, and bad credit, how they can hurt you, and how you can improve your no credit and bad credit.

What Do You Mean by No Credit?

No credit means you have never applied for a loan, credit card, or financing. If you have no credit history, you still have a credit score.

Why does No Credit hurt you?

Lenders evaluate customers based on their previous credit use. Lenders may view you as riskier if you have an empty credit report containing no proof of your borrowing history, which can increase the chances that you won't be eligible for a loan or credit card. But there are many credit cards available for those just getting started, such as student credit cards and credit cards for those with no credit history.

How to Improve Your No-Credit?

You can only increase your credit score once you start engaging in the behaviours that appear on a credit report, such as getting a credit card or registering for a service that tracks your rent and bill payment history. Start making financial decisions that are reported to the three leading credit agencies (Equifax, Experian, and TransUnion) if you want to start building a good credit history.

Many people start improving their credit history by getting their first credit card. Some people start improving their credit history with a student loan or a car loan, which could require a co-signer if they don't have a credit history.

What Do You Mean by Bad Credit?

According to the FICO, People with bad credit have scores between 300 and 579. Suppose your score is between 580 and 669. You'll reach the acceptable credit range, and once it surpasses 670, you'll have good credit.

The VantageScore model operates similarly. Poor credit holders have VantageScores between 300 and 499, poor credit holders between 500 and 600, fair credit holders between 601 and 660, and good credit holders start at 661.

Why Does Bad Credit Hurt You?

Financial companies are hesitant to provide loans to people who have bad credit. People with bad credit histories are viewed as riskier than consumers with excellent credit histories. This risk explains why it could be challenging to be approved for new credit if you have bad credit history and why credit issuers charge higher interest rates.

Additionally, it explains why some potential employers, landlords, mortgage lenders, auto dealers, and even landlords are occasionally hesitant to work with someone with bad credit.

How to Improve Your Bad Credit?

Bad credit scores represent past mistakes like missing credit card payments or failing to pay off debt. Poor credit may prevent you from getting future loans or purchases like a car or house. Sometimes, victims of identity theft or other types of credit card fraud are given low credit scores. In either case, it's your responsibility to understand how to resolve the issue.

Consider applying for a credit card designed especially for those with bad credit if you want to improve your score. From there, develop responsible credit habits (such as making monthly payments on time) and see if you can improve your credit score.


To sum up, taking the time to understand the difference between no credit and bad credit is an essential first step toward financial success. Knowing what kind of credit score you have and how it affects your ability to take out a loan or obtain a line of credit can help you make smarter financial decisions.

There is always time to start rebuilding your credit score, no matter what you have! Taking action now, such as setting up payment reminders and automating payments, can help you get back on track quickly.

guide https://www.emblix.org/blog/learn-the-difference-between-no-credit-and-bad-credit/ https://www.emblix.org/blog/learn-the-difference-between-no-credit-and-bad-credit/ Editor Mon, 02 Jan 2023 04:20:11 -0500
How Downsizing Can Improve Your Cash Position Strategic downsizing is a great way to ensure that your business can last for years to come. This type of downsizing usually takes place during economic downturns or periods of uncertainty, when businesses need to trim costs in order to survive. This type of downsizing helps your business remain financially stable and helps you maintain your current level of service or product offerings.

Downsize Your Business Premise

An immediate boost to get increased cashflow would be to minimise the business premise rental. If you have chosen to cut staff, then the business premise needs to shrink as well. In some cases, it may be possible to eliminate the need for an office altogether allowing staff to work from home, or on the road and the utilising technology such as Zoom or Microsoft teams to keep in touch. Moving offices may seem like a major project however, with a bit of organization, assigning a moving manager and an assigned moving leader for each department will help move the process along. The help of an office removalists will also help with the moving process and be sure to hire commercial cleaners to enable you to get your initial bond back, which usually equates to 2 months’ worth of rent.

Increased cashflow

Streamlining the business is a key aspect of selling a company, and it can help to increase the price of the business. Streamlining and cutting costs paints a more appealing picture of a company's strength and stability. But this type of strategic planning needs to start early. Typically, it takes three to five years to prepare a company for sale.

Another advantage to downsizing is increased cash flow. When the time comes to retire, you'll have more cash to spend on things you enjoy. It will also free up your schedule for more things, such as traveling with your family.

Reducing labor force

Reducing labor force can improve your cash flow in many ways. It can help you avoid costly redundancies, reduce your taxes, and save you time. However, there are some challenges to consider before reducing your labor force. First, you should know your labor costs. Labor costs can vary depending on the industry.

Reducing inventory levels

Reducing inventory levels can have multiple benefits, such as reducing shipping and warehousing costs, and lowering your total cost of ownership. It also shows that your warehousing procedures are working efficiently and that you understand customer demand. A well-managed inventory means a high fill rate and a manageable amount of inventory. This way, you can focus on other business activities and lower your costs. It also reduces the risk of theft and loss. Moreover, by reducing inventory levels, you can avoid wasting time and resources on products that are not selling well.

Moreover, reducing inventory levels can boost your business's cash flow by saving on the carrying costs of inventory. This includes storage costs and transportation between warehouses. It also helps you get rid of obsolete stock that can deplete your cash flow.

Reduced risk of bankruptcy

Downsizing is a common practice in firms. The goal is to cut costs and adjust the firm's structure. However, there are risks associated with downsizing. For example, downsized firms have a higher risk of bankruptcy. Fortunately, there are ways to mitigate the risks associated with downsizing.

One way to reduce the risk of bankruptcy is to cut the number of staff a company has. Statistical studies have shown that the number of staff that is reduced relates to the risk of bankruptcy. Companies that reduce their staff by 50 percent or more are more likely to file for bankruptcy.

The process of downsizing can be very difficult for a company. While it can be a beneficial way to free up some capital, it can also negatively impact the company's revenue and production capacity. This can make it difficult for a business to grow back. In addition, it can also negatively affect the company's ability to capitalise on rebounding demand. In addition, downsizing can put a company at greater risk of bankruptcy if it cannot find additional funds to finance the downsizing process.

Costs of downsizing

Downsizing is a process of reducing the size of your company in order to free up more cash. While the process is often necessary to save money, it can also lead to a reduction in revenue. This can make it difficult to rebound when demand picks up again. The good news is that it can help you pivot your business to better meet long-term goals. By reducing the size of your company, you can shift resources to other areas that offer better potential. For example, some companies choose to redirect resources towards channels with greater potential, others opt to adapt to changing consumer demands, or others focus on a specific niche. If you decide to move your whole enterprise interstate and have a fleet of vehicles. You may want to move your fleet of vehicles with an interstate car carrier rather than to sell the vehicles and buy complete new ones interstate which will defeat the purpose of increasing you cash position.

When choosing a downsizing strategy, you need to consider the long-term effects of the move. Depending on the size of your company, downsizing can be a good way to improve your cash position in the short term, but it can also affect your long-term potential. If you're considering downsizing, you should do your due diligence and visualize the new business structure you want to create. If the downsizing process will negatively affect your overall profitability, then it is a bad idea.

guide https://www.emblix.org/blog/how-downsizing-can-improve-your-cash-position/ https://www.emblix.org/blog/how-downsizing-can-improve-your-cash-position/ Editor Wed, 16 Nov 2022 08:13:45 -0500
Rental growth has reached a six-year high, according to government data

According to government data, average rental prices in the United Kingdom have climbed to their highest level since 2016.

Private rental prices in the UK have increased by 3.0% in the year to June 2022, up from 2.8% in the previous year.

Finbri bridging loans says, "In the UK, rental prices are predicted to continue their upward trend in 2022. Property developers could find investment opportunities in areas such as London, Scotland, and the South West, where there is a limited supply of affordable housing, helping to rebalance the supply and demand issues we currently face.”

How much is rent in the UK?

According to the Office for National Statistics, the median monthly rent in England between April 2021 and March 2022 was £795 - greater than at any other time in history.

Rightmove stated in July 2021 that rents in London had risen 19% on average since the pandemic began, the same growth rate as in the eight years before Covid-19 hit the UK. This includes a 15% increase in the last year, the highest yearly rate in the country, raising the average rent to £2,257 per month.

Why is the rent in the UK currently so high?

Rent in the UK is at a six-year high, mainly due to several factors, including an imbalance in supply and demand caused by a lack of affordable housing.

The housing crisis we are currently facing in the UK is due to the government not being able to build enough homes in recent decades. In contrast, social housing stock has been sold off to the private sector through Right to Buy or demolished and not replaced.

According to the National Housing Federation, approximately 340,000 new homes should be built in England annually, with 145,000 being affordable.

The Conservative administration had set a target of 300,000 new houses in England in its 2019 platform but has failed to meet that objective. In 2020/21, 216,000 new dwellings were built, a decrease from 243,000 in 2019/20, owing mainly due to the impact of Covid.

Meanwhile, locations like Cornwall, where tourism has witnessed a boost in short-term lets due to the advent of Airbnb in recent years, are facing even more demand challenges.

Tenants are also living in their current rental properties for longer as they’re unable to transition to owning a property, preventing rental properties from circulating in the market as they would have previously done. Zoopla discovered that tenants would stay in rental units for five months longer in 2022 than they did five years ago.

Where are rents rising the most quickly?

Rental growth in the UK reached 4.6% in the third quarter, following a 3% increase in the second quarter. Excluding London, average UK rental growth hit 6% in the fourth quarter, the highest level in 14 years.

In England regions, the East Midlands had the highest annual rental price increase in the year to June 2022, at 4.3%, followed by the South West at 4.1%, and North West at 3.8%

We saw the lowest annual rental price growth in London, where the prices rose by 1.7% in June 2022.

Will rents drop in 2022?

Rents are expected to rise again in 2022, albeit slower, as the cost of living crisis continues to impact household earnings. However, due to the localised nature of the market, locations where demand is highest may see the recent record hikes persist.

According to Zoopla, the spike of post-pandemic pent-up rental demand will normalise during Q2 and Q3, suggesting that rental growth levels will begin to drop.

Affordability factors are also expected to constrain further rental growth, but this may happen at different times depending on the region. Rents are projected to rise for longer in places with the most limited stock levels, which are currently London, Scotland, and the South West.

It may take considerable time for the gap in supply and demand to reduce, and it's expected that when this happens, rental prices may decline.

guide https://www.emblix.org/blog/rental-growth-has-reached-a-six-year-high-according-to-government-data/ https://www.emblix.org/blog/rental-growth-has-reached-a-six-year-high-according-to-government-data/ Editor Sat, 20 Aug 2022 09:27:25 -0400
Are Consumer Proposals a Good Idea?

Did you know that over 1 million Canadians file for bankruptcy every year? In more than half of these cases, the individual could have filed a Consumer Proposal and avoided bankruptcy. Consumer Proposals are a type of debt relief option available to Canadian consumers. Let's take a closer look at what Consumer Proposals are and whether or not they are a good idea.

What Is A Consumer Proposal?

A Consumer Proposal is a formal, legal agreement between you and your creditors. It allows you to repay your debts for some time, usually five years. You must agree to make monthly payments to your trustee, who will distribute the money among your creditors.

Who Can File A Consumer Proposal?

To file a proposal, you must be an individual who owes at least $5,000 in unsecured debts (debts not backed by the property). You cannot have filed for bankruptcy in the past six years.

What Are The Benefits Of Filing The Proposal?

The main benefit of filing a Proposal is that you avoid bankruptcy. Filing a Proposal also allows you to:

-Repay your debts over time

-Keep your assets

-Protect your credit rating

-Reduce or stop interest and fees

-Work with your creditors to create a repayment plan that fits your budget

-Avoid legal action from your creditors

-Get help from a trustee who will manage the process and negotiate on your behalf

What Are The Disadvantages Of Filing The Proposal?

The main disadvantage of filing a Proposal is that you must make monthly payments to your trustee for five years. This can be difficult if your income is low. Additionally, your creditors may not agree to the terms of your proposal, in which case you will have to file for bankruptcy.

How Does The Proposal Work?

Once you have filed a Proposal, the process will begin. Your trustee will send a copy of your proposal to your creditors. They will have 45 days to accept or reject the proposal. If they reject it, you will have to file for bankruptcy. If they accept it, the proposal will become legally binding. You must make monthly payments to your trustee for five years. At the end of five years, your debts will be discharged, and you will be free of your obligations to your creditors.

Who Administers The Proposal?

The Office of the Superintendent of Bankruptcy (OSB) is responsible for the administration of these Proposals. The OSB is a federal agency that oversees bankruptcy and insolvency in Canada.

Are There Any Restrictions On Who Can File A Consumer Proposal?

Yes, there are some restrictions on who can file a proposal. You must be an individual who owes at least $5,000 in unsecured debts, and you cannot have filed for bankruptcy in the past six years.

What Is The Process For Filing The Proposal?

The process for filing a Proposal is as follows:

-Gather all of your financial information

-Complete a Consumer Proposal form

-Have a meeting with your trustee

-Submit the proposal to your creditors

-Wait for their response

Can It Be Revoked?

Yes, the proposal can be revoked. If your creditors reject the proposal, you will have to file for bankruptcy. If they accept it, you can still withdraw the proposal if you wish. However, doing so may have consequences for your credit rating.

Are There Any Costs Associated With Filing This Proposal?

Yes, there are some costs associated with filing a proposal. You must pay your trustee a monthly fee, which will be distributed among your creditors. You may also have to pay legal fees and other administrative costs.

How Long Does It Take To Process This Proposal?

It usually takes about four to six months to process it. The process can be longer if your creditors reject the proposal or if there are any disputes.

What Are The Consequences Of Not Following The Terms Of The Proposal?

If you do not follow the terms of your proposal, your trustee can file a motion with the court to have it annulled. This will result in bankruptcy proceedings.

So, Are Consumer Proposals A Good Idea?

That depends on your situation. Consumer Proposals offer some benefits, such as the ability to repay your debts over time and protect your credit rating. However, they also have some disadvantages, such as the requirement to make monthly payments for five years. Additionally, your creditors may not agree to the terms of your proposal. If this is the case, you will have to file for bankruptcy. Before making a decision, you should speak to Reynolds & Associates Inc to see if a consumer proposal is right for you.

guide https://www.emblix.org/blog/are-consumer-proposals-a-good-idea/ https://www.emblix.org/blog/are-consumer-proposals-a-good-idea/ Editor Wed, 23 Mar 2022 00:23:19 -0400
Signs You're Ready for Homeownership When you're considering buying a home, it's important to know when you're ready. Even though owning a house is a very rewarding experience and can be a good investment, there are also sacrifices that come with the territory. If you and your family aren't completely prepared for some of these sacrifices, then it may be advisable to hold off on buying until everyone feels comfortable with the changes.

You're able to make full monthly payments on time

When you buy a home, the bank expects you to pay your mortgage every month. The bank will take your financial status into consideration when reviewing your mortgage application. Many buyers are encouraged to apply for loans that have low-interest rates and skip out on closing fees. However, if you don't qualify for these types of loans, then the interest rate will be much higher.

You have good credit

The credit score that you have is an important part of buying a house. If your credit score is low, then it will be difficult to obtain the financing you need to buy a house. For this reason, you must build up your credit score before committing to a home purchase. You can do this by making timely payments on your bills and using less of your credit lines.

You have a steady job

When applying for a mortgage, buying a home will require that you show proof of employment. Keep in mind, however, that a financial institution will consider more than just your income when allowing you to buy a home. They will look at the ratio of your income to debt, as well as how much available funds you have after paying all of your necessary bills.

You are ready to make a major commitment

Owning a home is a major commitment. There are many responsibilities involved when you’re a homeowner, such as paying for property taxes, maintenance, and repairs. It's important to be ready for this commitment before you buy the house. If you cannot commit to these payments or any other requirements, then you should delay purchasing a home until it is financially feasible.

You're financially prepared for other expenses

Maintenance isn't the only thing that comes with owning a home. As the homeowner, you are responsible for keeping up with property taxes, which can change. You will also be responsible for home inspections and any other fees that may affect the value of your house.

For this reason, you must prepare yourself to handle these expenses before buying a home. This way, you can budget for a home purchase.

You’re prepared to make certain sacrifices, if needed

When you buy a house, there may be some sacrifices involved. For example, you may need to implement some simple lifestyle changes to cut down on utility bills. It could also mean buying a home that’s a bit smaller than the one you’re renting. However, if these small sacrifices will make it possible for you to become a homeowner and you’re happily willing to make them, it could be a clear sign that now is the best time to pursue a home purchase.

Final thoughts

Buying a home is an important part of adult life. To make sure you prepare financially and mentally, look at your credit score before applying for loans. Once you have good credit, you will be more likely to get the financing that you need in order to purchase the house.

Once you've done this, determine what sacrifices you are willing to make in order to buy a house. Think about the type of home that you want and how much it will cost in utilities/taxes/repair costs, if necessary. Only then can you consider buying a home.

guide https://www.emblix.org/blog/signs-youre-ready-for-homeownership/ https://www.emblix.org/blog/signs-youre-ready-for-homeownership/ Editor Wed, 16 Feb 2022 09:21:19 -0500
What You Need to Know About DST Properties Have you previously struggled to own property due to financial constraints? Well, you probably did not know about DST properties, but worry not. This article is here to inform you!

So, what is a DST? Delaware Trust Fund, otherwise knaown as a DST, is an investment trust fund specifically created for Americans. It is a unique way of helping Americans own homes and properties. Investors in the trust fund purchase ownership rights to properties owned by the trust, therefore having fractional ownership interest in the properties.

How to get started

To get started with a DST, you will need to get in touch with a trust company that finances DST properties and open an account with them. After you have done this, your financial advisor will ask for some important information needed to process your application. You need to provide information about yourself, including your name, social security number, age, range of the people who are going to reside in the property, and vital information about your income.

Your financial advisor will then use this information to establish how much you can afford to invest in DST properties for your first purchase. The minimum amount that someone can invest is $500. However, it is recommended that you put more than that as there is a discount percentage for those who have higher purchasing power.

After this, your financial advisor can now help you purchase a share of the property using some of your money. For example, you may be eligible for ownership of 5% of the total property.

What are some advantages of DST?

  1. With a direct ownership interest in a real estate property and actual equity in the asset, you can make quick decisions like selling your shares when needed. It is very easy when it comes to transferring said property. Simply list your DST properties for sale when you want to sell them and wait for a buyer.
  2. You get ownership of multiple properties without the hassle of managing them. You only own one share of the property, which is under management by a professional property manager. You do not need to pay any fee for this either, as it comes with purchasing your shares.
  3. Higher returns – you can gain up to 20% per year on your investment which is a lot higher than any other savings account yields in the market today.
  4. Tax-free dividends- you do not have to pay taxes on dividend payments, which means that all your returns are yours to keep
  5. It is a long-term investment, which means you are not required to make any large monthly payments, although this property is still generating revenue through rent payments. With this, you can build equity in the property over time which results in your DST equity rising too.


DST helps investors acquire properties. However, If you want to invest in DST properties, you must contact a qualified and experienced financial advisor. This is very important because an unqualified person might lead you on the wrong path and cause financial issues in your life.

guide https://www.emblix.org/blog/what-you-need-to-know-about-dst-properties/ https://www.emblix.org/blog/what-you-need-to-know-about-dst-properties/ Editor Fri, 21 Jan 2022 23:43:57 -0500
How to Choose the Right Forex Brokers Professionals always try to choose a high-end broker to secure their money. But, many traders can’t choose the right broker and so face big problems. Being a trader, if you want to carry out your trading process smoothly, you should try to take some steps which will help you to choose the right broker. However, some traders think, it’s a very simple thing to do. But, in terms of choosing the broker, if they don’t choose the right broker, they might face major problems.

So, in this article, we will discuss the ways of choosing the right broker. We hope it would help you a lot. That’s why you should go through the article.

Check the license

Before selecting the broker, you should check the license. Otherwise, you might face problems. Because if your broker has no license, they may not be trustworthy. Bear in mind that you have to hand over your money to them for trading. So, if they are not overseen by any regulatory agencies, they might take your money and run. As a consequence, you might not able to trade. That’s why you need to check whether your broker is regulated by one of the known regulatory agencies or not.

Check the reviews

Newcomers should check the reviews of the pro traders. Because, if you can get the reviews from the traders who have chosen the broker, you might get a better idea. So, as a trader, you need to check the reviews from different traders. And you need to make sure they are successful traders. Because some traders always try to blame the brokers for their mistakes. But, being a retail trader, you need to understand, that no one can interfere with your trading mistakes. So, if you face failure, you might be responsible for this.

To avoid such problems, you might consider Saxo as your primary broker. By doing this you should be able to avoid having to overcome any major obstacles. Click to read more about high-end brokers and learn more about the prime features of elite brokers.

Consider the Customer Support

Without considering customer support, you might not make any decision. Because, if you don’t get the proper support, you might not choose them. Traders should check if the brokers respond properly during their difficulties. Many traders face a loss as they don’t get the proper support for their trading. So, as a trader, you need to understand that without getting proper support from your broker, you might fail to maximize your profits. Some brokers offer many lucrative offers to attract their clients. But, they don’t provide the proper service to their brokers. But, the smart traders choose the high-end broker and so they can make large profits without any difficulties.

Consider the fees

Normally, Forex brokers don’t make much money from their clients. But, sometimes, they take the charges. For example, position traders hold their position overnight and so should check the rate of the commission when selecting a broker. Traders should also choose a broker who gives the best value for money. This often means paying a slightly higher fee to get excellent service and actually save money in the long run. This bears some careful thought because it’s important to reduce costs so that you can maximize your potential profit.

Check the trading platform

Being a trader, if you can use the smart trading platform, you might easily maximize your profits. For this reason, as a trader, you should select the broker which provides the latest trading platform. Because the latest trading platform will provide the latest indicators and tools. By using them, you might easily execute your trades. As a consequence, you might make large profits. However, to be sure about it, you need to check the trading platform through the demo account. As a consequence, you might understand how it will work. Otherwise, it wouldn’t be possible to be sure about it.

So, before selecting a broker, you need to contemplate these issues so that you can choose the better one. Bear in mind, once you can choose a better broker, you might make large profits and can go on to do well in the long run.  

guide https://www.emblix.org/blog/how-to-choose-the-right-forex-brokers/ https://www.emblix.org/blog/how-to-choose-the-right-forex-brokers/ Editor Mon, 12 Jul 2021 06:48:02 -0400
How Do I Qualify for a Chapter 7 Bankruptcy? If your debts have become too difficult to manage, you’re probably considering bankruptcy. This is an important decision that could have serious financial and personal consequences for years to come. Before committing to the bankruptcy process, you need to determine which type you’ll want to file.

For most individuals, Chapter 7 and Chapter 13 would be the two types to consider. If you’re looking to get a financial “fresh start” as quickly as possible, you should consider filing for Chapter 7 if you are able to do so.

What Is Chapter 7 Bankruptcy?

Also known as “liquidation,” Chapter 7 bankruptcy allows you to fully discharge many types of personal debts. These types of debts include:

  • Car loans
  • Medical bills
  • Credit card bills
  • Personal loans
  • Utility bills
  • Evictions and Delinquent Amounts Owed under Certain Leases

Thanks to rules concerning exempt property, the majority of those who file Chapter 7 bankruptcy can keep much of their personal property. Despite keeping most, if not all, of their property during the Chapter 7 bankruptcy process, individuals can still completely erase many of their debts. Not all debts are dischargeable under Chapter 7 though, but the majority of consumer debts are. An experienced bankruptcy lawyer in Montgomery or wherever you reside can let you know which debts can be eliminated.

In contrast, someone filing for Chapter 13 bankruptcy can’t immediately discharge his or her debts. Instead, they create a repayment plan that spans three to five years. During this time, the individual will make regular payments toward paying off the debt. At the end of the repayment plan, any eligible debts remaining get discharged.

It’s easy to see why Chapter 7 is very popular, as it allows for the complete discharge of debts within a few months. But not just anyone can file for Chapter 7 bankruptcy.

Chapter 7 Bankruptcy Eligibility Requirements

Several conditions must exist for you to qualify for Chapter 7 bankruptcy. However, the single most important eligibility requirement is passing the “means test.” Subject to a few exceptions, anyone wishing to receive a Chapter 7 discharge must pass this test.

The means test works by examining your average monthly income for the past six months and comparing it to the median income of a comparable household in your state. If your income falls below the state median, then you pass the means test.

If your income is above the median, you can still try to pass the means test by factoring in your monthly expenses. After accounting for monthly expenses, if you have little to no disposable income leftover then you can still pass the means test and file for Chapter 7 bankruptcy.

Bottom Line

Chapter 7 bankruptcy offers an excellent way to get a “fresh start” in terms of your finances. But as good as it sounds, it may not be the best type of bankruptcy for you. For example, if you are facing foreclosure on a house you want to keep then Chapter 13 bankruptcy might be better. There’s also the possibility that you’ll be better off not filing for bankruptcy at all. To help you decide on a course of action, you should always contact a local bankruptcy attorney where you live for a consultation before filing anything with the Bankruptcy Courts.

guide https://www.emblix.org/blog/how-do-i-qualify-for-a-chapter-7-bankruptcy/ https://www.emblix.org/blog/how-do-i-qualify-for-a-chapter-7-bankruptcy/ Editor Fri, 02 Jul 2021 00:41:43 -0400
What Does Business Insurance Not Cover? One of the things that complicates many aspects of life is exceptions. This is as true in Business Insurance as it is in a broad spectrum of categories, including relationships, warranties, and civil rights. While it is wonderful to have Business Insurance available to protect your company, it is critical to identify the precise areas of risk that remain uncovered by your policies.

A  knowledgeable insurance advisor will be able to provide you with this information while discussing the specific advantages of particular Business Insurance policies you may need. Because insurance advisors do not work for a single insurance company, they can offer you a wide range of options, making your best interests their top priority.

The Benefits of Knowing What Your Business Insurance Does Not Cover

Once you understand your business’s vulnerabilities, you may be able to purchase additional insurance policies for specific high-risk areas or to prepare to handle unprotected events by setting aside funds to pay for damages out-of-pocket.

Alternatively, you may anticipate taking out loans in the unlikely event that such situations arise, or you may simply decide that you will just live with the small measure of risk involved. Whatever steps you take, it is helpful to know possible risks upfront so that you will not be blindsided.

How do insurance companies decide which types of Business Insurance to offer?

Insurance companies, like your own business, weigh the products and services they offer in terms of their bottom line since they must make a profit to continue functioning. Therefore, the greater the risk that they will have to pay claims on a particular type of insurance, the higher your premium will be.

So, if your business has a high risk of personal injury claims (e.g. if you own a construction company or a factory with dangerous machinery), you will pay more for liability coverage than a management consulting firm. On the other hand, if your business is located in a high-crime section of town, your Commercial Property Insurance may be more costly.

Insurance companies base their Business Insurance policies on tables and algorithms that give them a fair idea of how much risk they will be taking by insuring your company for different types of damage or loss. Usually, if you are willing to pay the cost, you can get just about any kind of Business Insurance you’re looking for. Interestingly, extremely rare occurrences, like falling meteors, are usually already covered by your ordinary Commercial Property Insurance.

What Business Insurance Does Not Cover

Among the losses uncovered by your Business Insurance are:

Damages caused by certain natural disasters, such as floods and earthquakes. While you likely can make a successful claim for damage caused by a burst water pipe or heavy snow, you will probably not be able to recoup losses if a river adjacent to your business overflows, unless you have purchased a separate Flood Insurance policy.

Damages to other people’s property stored at your business.

In most cases, other people’s property that is on your premises will not be covered by ordinary Business Insurance. Such property may include leased equipment, property of your customers or clients, and other people’s property that is stored off premises under your supervision.

While companies you have leased from may require you to insure their machines or appliances separately, it may be up to your discretion to purchase supplemental insurance to cover customers’ property placed in your care.

Intentional Acts of Misconduct.

If you have engaged in malfeasance, your Business Insurance will not cover you. Professional Liability Insurance provides coverage for negligence, not criminal behavior. In the same vein, your Business Insurance will not pay claims based on the deliberate destruction of your client’s property by one of your employees.

The same is true if it can be proven that you destroyed your own property and then put in an insurance claim. In such cases, in addition to not being reimbursed, you will likely be charged insurance fraud.

Besides destruction of property, other deliberate forms of illegal behavior -- such as hacking into IT systems of competitors or engaging in discriminatory hiring practices -- are never covered by Business Insurance. There is no legitimate insurance company that will provide coverage for illegal activity.

Rioting and Looting

While some Commercial Property Insurance policies explicitly disallow coverage for civil unrest, and others may allow coverage but have very high deductibles, most standard policies do cover damage that results from civil commotion and vandalism, as well as damage caused by police or other first responders. It is important to discuss specific aspects of your policies with a capable insurance advisor in order to be aware of exactly what type of coverage you have before you ever have to grapple with a catastrophe.


Although Business Interruption Insurance is often part of Commercial Property Insurance, physical damage to insured property (e.g. by fire) is typically the basis of such claims. Because coronavirus, though deadly and disruptive, has not destroyed property, insurance companies have been turning down claims that businesses have become “inoperable” due to the effects of the virus. As a matter of fact, after the SARS outbreak in 2003, when hotels in Hong Kong received millions of dollars from their insurance companies, many U.S. insurance companies made specific coverage exemptions for “viruses.” In spite of federal and state aid, many businesses are suffering to keep their businesses afloat or have already lost them. The refusal of insurance companies to pay for coverage during the pandemic is a controversial issue that will probably be addressed legislatively or in the courts.

The Takeaway

Since the whole point of having insurance is being proactive, do yourself a favor and engage now in understanding what your Business Insurance policies are likely to pay and not pay if you have a serious problem. Discussing your insurance needs with an experienced insurance advisor is the best place to start.

guide https://www.emblix.org/blog/what-does-business-insurance-not-cover/ https://www.emblix.org/blog/what-does-business-insurance-not-cover/ Editor Wed, 09 Jun 2021 10:11:54 -0400
How Digital Marketing for Your Business Could Be the Difference Between Success and Failure As the world becomes more digital each year, the importance of digital marketing is at an all-time high. Gone are the days of advertising your business in the local newspaper. Now, your reach has to extend to social media and other online outlets.

To secure the future of your business, you need a well-thought-out digital marketing budget that will help increase your return on investment. Having a lot of money and knowing where to invest it are two different things. If you don’t allocate your funds properly, your business will suffer.

Why Do You Need a Budget?

For a startup, it can be easy to rest on your laurels and calculate your income in your head. But once you reach the point of generating more revenue, it is vital to account for your income and expenses. Otherwise, how would you know if your business is, in fact, profitable?

If your business is not at the stage of hiring an account management team, consider one of the numerous accounting software programs available to you. These apps will give you the numbers that you need to know to keep your business on track.

Budgets are a crucial factor in making the right decisions for your business. Most first-year companies have some debt obligation, whether it be a business loan or a personal loan. In these situations, you don’t get to retain all of your year-end income. Account for the debt that you have to pay off.

Without an account management system, you may forget about these expenses and end up in more debt due to miscalculation. Loan companies aren’t going to play nice if you don’t uphold your end of the bargain. This situation is the downfall of many startup businesses.

As we’ll get into in our next section, a budget also helps you track the success rate of your investments. Naturally, you want to be earning more money than you put into a marketing campaign. Even if you bring in some new customers from an ad campaign, you won’t see a dime in profit if you go over budget.

Types of Marketing and Their Costs

Digital marketing is the lifeblood of your business, especially if you run a global company. Fortunately, reaching millions of people with a marketing campaign has never been easier.

With the booming popularity of social media and the internet in general, you need to take advantage of platforms that will help grow your business.


Search Engine Optimization is the most organic way to introduce your company to customers around the world. If you have a knack for content creation, this marketing tool could cost you nothing. The goal is to generate content that answers the questions of your target customer base while incorporating keywords that will help you rank high on search engines like Google and Yahoo.

If you need assistance with ranking high on SEO, there are thousands of copywriters who work freelance.

Email Marketing

Always be reaching out to potential customers through email. This method is the easiest way to connect directly with your audience base. Several programs help you track the success of an email campaign, like MailChimp and Campaign Monitor.

The costs of these apps vary but are usually relatively cheap.


Pay-per-click ads work precisely how their name suggests. You only pay when someone clicks the link you’re promoting. You’ll be able to list your website link at the top of topical search queries in your industry. Better yet, you set your budget for the campaign beforehand. Once your ad reaches your set budget, the campaign will end, so you never overspend.

As you can see, most of these marketing types are relatively inexpensive. The key is to make the most out of them to increase your return on investment. Other affordable marketing tactics include social media marketing, affiliate ads, and online press releases.

Find the one that works best for you!

guide https://www.emblix.org/blog/how-digital-marketing-for-your-business-could-be-the-difference-between-success-and-failure/ https://www.emblix.org/blog/how-digital-marketing-for-your-business-could-be-the-difference-between-success-and-failure/ Editor Wed, 28 Apr 2021 23:04:38 -0400
How To Prepare For Retirement With Precious Metal IRA Some people hate the idea of retiring. They love the thrill of challenging work, and they’d miss the camaraderie and daily structure. We get it. But still, it’s important to think about saving for retirement, even if you’re not planning to retire soon. At a minimum, you’ll need savings to cover basic expenses like food and housing. If you want any kind of retirement lifestyle, you’ll need to plan for it with extra savings.

The traditional retirement plan is to save money for an amount that will sustain you over the course of your retirement. This retirement amount is known as your retirement target. A common rule is to calculate how much you can spend in retirement without running out of money and divide that amount by 4, never less, or it would be impossible to reach. This means that if you can afford to spend $60,000 per year in retirement, you will need a reserve of $1.2 million.

Retirement is a big chunk of time in the future.  We think about it but never act on it.  The truth is, you need to take the first step to retirement today by setting up an IRA account.   An IRA (Individual Retirement Account) is an investment account that you can open on your own.  

There are two types of IRAs you can open:

  • Traditional IRA
  • You don’t have to be a billionaire to take advantage of gold investments. A traditional IRA can be a great tool to help diversify your portfolio, especially in today’s volatile financial market.

A traditional IRA is an account that allows your money to grow tax-free until you withdraw it. One of the great benefits of investing in gold is that you can avoid paying capital gains tax on your investment. By investing in a traditional IRA, you don’t have to pay the taxes you normally would on investing in gold.

The investment decision of choosing how you will save for retirement is a complex one. There are many factors to consider, including your personal risk tolerance, the size of the investment, your time horizon, the size of the account, and the current state of the economy. Here’s a little secret that no investment advisor will tell you: in general, it’s a bad idea to invest your retirement savings in precious metals. This isn’t to say that precious metals are bad investments, but for the average person, they simply aren’t the best. For individuals with a high-risk tolerance, they can be a great way to protect against inflation and a declining dollar.

But before you consider investing in precious metals, you should consider all your options.

In order to open an IRA account, you require three things:

    1. income
    2. a bank account
    3. a Tax Identification Number (TIN)
  • Roth IRA

A Roth IRA is an individual retirement account that is described as a “personal savings plan that uses after-tax money to save for retirement." What makes this account so unique is that all of the money you put into the account is not taxed when you take it out.

Since the Roth IRA uses after-tax money to save for retirement, the rules for contributions are different than those of a traditional IRA or a 401(k). And because of that, there is a limit on how much you can contribute to a Roth IRA each year. In 2018, you can put up to $5,500 into your Roth IRA if you are under the age of 50.

Much of the value of a Roth IRA is in the future: the longer you have the account, the more your money can grow. But that’s not the only benefit. A Roth IRA can provide an additional retirement income stream in retirement. Specifically, you can withdraw your contributions at any time without penalty. Meanwhile, if you make your contributions before the end of the year, they can grow in your Roth over the next five years—without taxes.

The Roth IRA is considered the best retirement investment by many experts and has a few advantages that make it a smart choice for investors. The Roth IRA will give you more flexibility than most retirement accounts since you’re not required to start withdrawing money from it when you reach a certain age. Unlike a traditional IRA, you can make contributions well beyond the age of 70-1/2, so you can keep as much money invested as possible.

You can start with a traditional IRA and later convert to a Roth IRA. The IRA stands for the Individual Retirement Account. It is a financial plan that makes it possible for people to save money for their retirement.  The IRA is a tax-advantaged investment vehicle where the investors have the opportunity to save and invest their money in different investment options.  The investors can withdraw the amount anytime before the age of 59 without paying any penalty tax. The investors are allowed to transform the account into a Roth IRA without paying any tax to the Internal Revenue Service.

You can invest in a precious metals IRA but beware of scammy companies that tout high returns. If you’re looking to invest in a precious metals IRA, you’ve likely come across companies that tout high-interest rates to get your attention. Many of these same companies also offer high-priced or complex investments that can end up costing you a fortune in the long run.

Retiring is all about freedom, but planning for it can sometimes feel like a prison sentence. How much money will I need to retire? Where can I get it? Will my savings be enough after I retire? These are all common questions posed by investors just like you. By investing in precious metal IRAs, you can not only add a hedge against inflation and protect your savings, but you can also diversify your portfolio. And, before you can say hands off my 401(k),¡± this plan allows you to roll over existing retirement accounts.

If you’re wondering what a precious metal IRA is or how it works, then you’re not alone. So far, only a few people know about this investment opportunity. A precious metal IRA is a Self-Directed IRA that allows you to invest in physical precious metals, like gold and silver. It’s a great way to diversify your retirement portfolio and take advantage of opportunities in the current market.

No matter what your age, now is a good time to start preparing for retirement. If you are in your 50’s and 60’s, the best way to prepare is to invest in precious metals.  It’s easy to open a precious metal IRA, and any qualified individual can contribute to it.

Instead of sticking your money in a savings account, or placing your trust in a mutual fund, or starting buying individual stocks, you might be tempted to consider precious metal IRA. Although you can use precious metal IRAs to invest in gold, silver, or other precious metals, it should be noted that you cannot use precious metal IRAs to invest in an actual physical metal. Instead, it is the underlying assets that are stored away in a depository, and if you decide to liquidate your investment, you might have to pay a withdrawal fee. If that isn’t something you are interested in, then it is important to note that there are certain precious metal IRAs that are backed by a full physical metal.

guide https://www.emblix.org/blog/how-to-prepare-for-retirement-with-precious-metal-ira/ https://www.emblix.org/blog/how-to-prepare-for-retirement-with-precious-metal-ira/ Editor Tue, 27 Apr 2021 02:31:44 -0400
Mistakes to Avoid When Making Global Payments (KW)

When making global payments, it is important to pay attention to the currency exchange. Currency exchanges make a big difference in determining the amount of money your company will spend or receive, and keeping an eye on the factors that influence them is an important part of conducting business internationally.

When you make mistakes with international transactions, there are often severe consequences. These may be as simple as losing money in the exchange, but it could be as complex as fines and soured business relationships. To that end, you should keep the following in mind as you conduct your business to prevent problems and save yourself money.

Don’t Make Lots of Small Transactions

Every single transaction your business makes must be recorded, detailed and accounted for. For accounting purposes, the fewer of these there are, the better. And, for international transactions, the benefits only increase as you don’t have to worry about exchange rates nearly as often.

Don’t Ignore Current Exchange Rates

Speaking of exchange rates, these are the most critical part of any international currency exchange. Depending on the current market conditions, your money may be worth substantially more or less than the currency you are exchanging. Even relatively small differences can lead to large profit losses, which makes your timing an essential consideration.

Don’t Forget to Choose Your Timing

The timing of your transactions must be considered to best suit your expectations. For some companies, this means agreeing to a certain exchange rate at the beginning of the contract when conditions are favourable for both parties. It is also pertinent to consider regional holidays, which may impact the speed of the transaction.

Don’t Neglect the Details

There is a lot of fine print that comes with international transactions, and each of them can have a profound impact on the cost of the business. From incorrect account details to overlooked transaction fees, every part of the transaction should be scrutinized. Having a business currency exchange on your side during the transaction gives you access to experts in the field who can scrutinize and approve the documents based on best practices and your interests.

This includes the proper identification of your recipient. If the account information is incorrect and the money is transferred incorrectly, it can quickly become a costly mistake. Verifying the account details before the transaction occurs is a great way to prevent these kinds of clerical mistakes.

Don’t Forget to Work with a Business Currency Exchange

Remember, when it comes to making global payments, the best way to ensure a good transaction is to use a business currency exchange service. These services make it easy to choose your timing for all your international transactions.

But, there is also no need to choose the first company you find. it is important to shop around for the company with the best exchange rates. And don’t forget to actually like doing business with them, as they often prove to be valuable assets for both large and small businesses.

guide https://www.emblix.org/blog/mistakes-to-avoid-when-making-global-payments-kw/ https://www.emblix.org/blog/mistakes-to-avoid-when-making-global-payments-kw/ Editor Sat, 17 Apr 2021 11:18:32 -0400
What Happens in a Canadian Bankruptcy?

The world seems to revolve around money. In our current day and age, at least. It is, therefore, essential to remain financially literate and ensure you are keeping track of your finances. Unfortunately, that is often more difficult to do than to say.

For most Canadians, debt is just a part of our daily lives. Some of us have more than others, while others may have more equity. For some, though, their debt has become unmanageable. They struggle to keep their head up as bills continue to pile on and debtors are constantly trying to get in contact with them. Depending on the amount of debt, they may be faced with very difficult decisions.

One of the most difficult decisions anyone can make is the decision to file for bankruptcy. Luckily, you cannot actually do this process on your own, so it will be done with the help of a Licensed Insolvency Trustee (LIT). Let’s look at how the process begins.

How to Begin Filing for Bankruptcy

The first step in filing for bankruptcy is a consultation with a LIT. Indeed, you must either prove that you tried to work with two LITs or get the services of one of them before you can proceed with your bankruptcy filing. This helps to ensure that people do not take advantage of the system. It further helps prevent people who may be able to use consumer debt proposals or debt settlement programs from making hasty decisions.

Responsibilities During the Bankruptcy

According to the Government of Canada, there are several responsibilities you must undertake to file for bankruptcy, including:

  • disclose to the LIT information about all of your assets (property) and liabilities (debts)
  • advise the LIT of any property that was sold or transferred (disposed of) in the past few years
  • surrender all your credit cards to the LIT
  • attend the first meeting of creditors (if a meeting is requested)
  • attend two counselling sessions
  • advise the LIT in writing of any address changes
  • if required, attend an examination at the Office of the Superintendent of Bankruptcy
  • assist the LIT as needed in administering your estate

After the Filing

Once you and your LIT have filed your bankruptcy claim with the Office of the Superintendent of Bankruptcy (OSB), several actions will occur:

  • Your wages will stop being garnished
  • You will stop making payments to your creditors
  • All lawsuits against you from creditors will cease

These preliminary actions are of great benefit to you, but they do come with certain drawbacks. The process of bankruptcy is not without consequences, as your assets will then be sold by your LIT. Any proceeds from these sales will be held as payment to your creditors, who will be notified.

Additionally, you will have to attend two financial counselling sessions. These will help you gain a better understanding of your financial situation and teach you the skills of financial literacy. They are a mandatory requirement of your bankruptcy claim.

To learn more about your options for obtaining financial freedom and bankruptcy, contact Reynolds and Associates. They have the information you need to make an informed decision about your finances, and can provide you with practical advice.

guide https://www.emblix.org/blog/what-happens-in-a-canadian-bankruptcy/ https://www.emblix.org/blog/what-happens-in-a-canadian-bankruptcy/ Editor Tue, 15 Dec 2020 02:00:26 -0500
How to Find Cheaper Prices When Shopping Online with a VPN

Shopping online offers convenience and often times, better prices than shopping in person. But when you’re searching for the best deals, you may notice some websites are always a little cheaper than others. With the help of a VPN, you can access a different country’s website and get the same products at a lower price. Here are some tips on how to find cheaper prices when shopping online with a VPN.

How do some sites offer lower prices than competitors?

One of the reasons some sites offer lower prices than competitors is because they manage their product margins. When it comes to products, businesses usually have a set margin they can afford to work with. It’s similar to how grocery stores purchase certain items at different prices; the store sets a certain profit margin when purchasing an item and then charges more for the product.

By changing your country’s IP address to access a different site, you can buy at different prices. This is because websites set their own prices based on where you are located. With the help of a VPN, you can access a different country’s website and get the same products at a lower price. Here are some tips on how to find cheaper prices when shopping online with a VPN.

What is VPN?

A VPN, or Virtual Private Network, is an online service that encrypts your internet connection and hides your IP address. VPNs are typically used to protect sensitive data like banking details or passwords, but they can also be used as a way of circumventing censorship and accessing websites blocked by your government. In the past VPN was only available for tech savvy people who knew how it worked, but now most Internet Service Providers offer this service on their routers so you don't even have to think about installing anything on your phone or computer.

You could then use the VPN to connect to websites as if they were only available in one country when it would be much cheaper because of what’s known as “geo-blocking”.

How to find cheaper prices when shopping online with a VPN

With the help of a VPN, you can access a different country’s website and get the same products at a lower price.

There are many ways you can use a VPN to find cheaper prices:

You can purchase things from different countries without having to pay international shipping fees.

You can search for products on a different country’s website and see if it’s cheaper there than on your native website. For example, with a good VPN for Japan, you can access the Japanese version of a web store and see if the price is cheaper.

You can access websites that are only available in other parts of the world. For example, if you were in China and wanted to buy something from the United States, you could use a VPN to bypass China's internet blocking in order to visit any blocked web stores in the United States.


The internet is a vast space, and it’s getting bigger every day. Shopping online is fun and there are some tricks to find lower prices when shopping online. VPNs are great tools to help you when you shop online. With the help of a VPN, you can access a different country’s website and get the same products at a lower price. I hope this article can help you find a lower price when you shop online!


guide https://www.emblix.org/blog/how-to-find-cheaper-prices-when-shopping-online-with-a-vpn/ https://www.emblix.org/blog/how-to-find-cheaper-prices-when-shopping-online-with-a-vpn/ Editor Sat, 12 Dec 2020 03:40:32 -0500
Ant Group Shows the Influence of Ecommerce with Largest-Ever IPO While most companies are facing a financial crisis in this COVID-19 era, Ant Group, the highest-valued FinTech company of the world, hardly seems to slow down due to the pandemic. The affiliate company of the Alibaba Group in China has created history by making the biggest share sale ever.

On Monday, 26 October, Jack Ma’s Ant Group made the biggest IPO in history when it priced its listing to two popular exchanges, namely the Hong Kong Stock Exchange and the Shanghai Star Market. The price per share was 80 Hong Kong dollars ($10.32) on the former, and at 68.8 yuan ($10.26) on the latter, as per the regulatory filings released on that day.

As the news surfaces, Ant Group with this huge share sale is a big win not only for this Chinese tech company but also for the entire stock market of the country. Ant Group is reportedly gearing up for hitting an IPO record of $34 billion; the company will be given a value of more than $310 billion.

The previous highest IPO record was held by Aramco, a Saudi state oil company, in which it had raised $29.4 billion when it took its shares on the Riyadh exchange in December 2019.

Beijing believes that Ant group’s decision of selling 1.67 billion shares in both the exchanges will be beneficial in the near future as it will attract the institutional investors it has been courting for a long time.

The Ant Group IPO indicates how online payments are influencing and changing the ways of doing eCommerce in China.

Influential Tech Giant

Ant Group is a financial tech company affiliated with Alibaba, the Chinese eCommerce group. In 2014, Alibaba went public on the New York Stock Exchange, which was also a world-record making IPO. Following the success Ma had with Alibaba, Ant Group has become to be among the world’s most powerful tech companies. Due to the profit earned from the share sale, Ma now has complete control over Ant.

Ant has established a strong presence in almost all aspects of Chinese financial life, starting from micro-savings products and investments accounts to credit score, insurance sectors, and even various dating profiles.

As reported in regulatory filings in September, the company’s payments application, Alipay had gained 731 million active users every month, having a total reach of 1.3 billion users worldwide. This payment platform managed 118 trillion yuan in payments in a period of 12 months since June. Currently, according to Ant, Alipay is reportedly processing over $17 trillion in digital payments linked to China, as estimated for this period.

The company declared that it has earned about 43% increase in revenue to 118.2 billion yuan in the nine-month period till September. The gross profit gained for the period increased by 74% to 69.5 billion yuan.

Senior geotechnology analysts at Eurasia Group, Xiaomeng Lu, opined that Ant is expected to receive good benefits from the latest economic development plans of the Chinese government. He believes that Ant is considered as a “national technology champion”, marked by its investments in AI and blockchain, which according to him are the priorities for Xi Jinping, Chinese President.

Lu further noted that Ant Group faces tough competition within the country from the rival company, Tencent. Besides, potential regulatory pressure coming from other countries like the United States might limit Ant’s opportunities of growing or expanding abroad.

Coming back to the listed documents associated with Alipay, we can see that it has branched out from its initial services as an escrow between online buyers and sellers. Ant claims that Alipay now has over 80 million active merchants each month.

Ant further said that it aims at creating the required platform and infrastructure to provide full support to the service industry’s digital transformation. This flexibility means that firms have the power to expand their models in a horizontal line to efficiently add new offerings and services for their target markets that are already at scale.

As far as other stakes are concerned, Ant also has non-controlling interests in the popular Indian payment app, Paytm. As seen at the end of the previous year, Ant Group and SoftBank, a Japanese multinational conglomerate, together with a group of investors, is reported to invest $1 billion in Paytm, which is accelerating the growth of the Indian digital payments sector. This is expected to be as huge as $1 trillion by 2023.

Future Developments

Ant’s efforts are seen in the development of the Chinese ecosystem. Ant extends loans in CreditTech, which is further backed by 100 FI (Financial Institution) partners. The company declares that 98% of these FI partners are securitized or underwritten. Reports say that for the 6 months through 30 June 2020, CreditTech was responsible for 39.4% of sales.

On the other hand, InvestmentTech, the largest Chinese online investment platform, contributed about 16% of the total revenue. In its filings, Ant notes that it uses AI (artificial intelligence) for matching investors with the required financial products defending on risk profiles. Looking at the success of InsureTech in the 6 months ending in June, it covers health, life, property, and casualty with 4.1 trillion RMB, and represented 16% of sales in the said period.

Such growths are a clear indication that the pandemic has not made any negative impact on the development of the company. The core merchant services and digital payments business was set at a little over a third of revenues, and rose 13% to reach 26 trillion RMB. while InvestmentTech surged 55%, CreditTech saw a rise of 60%.

Considering the recent trends, Ant said that beyond June, Alipay digital payment app MAUs received an increase in its revenue from 711 million till June 30 to 731 million till September 30, which is a profit of 2.8%. Additionally, the consolidated revenues through the nine-month period ending in September were shot up 43% to 118 trillion RMB recently.

Final Words

Highlighting on the question of where the money is flowing, Ma’s Ant Group declared that it would use nearly 10% of the proceeds it got from the Hong Kong listing and would focus on digitizing the service industry, which is the company’s vision. Further, it will allocate 40% to expand and develop all its cross-border efforts.

The good news is about 60% of customers feel that digital options like the new forms of POS and alternative credit options, such as BNPL (‘buy now, pay later’), has greater influence on the how and where they shop. Touchless payments and well-developed eCommerce checkout systems are gaining popularity in this COVID-19 crisis, a period when cash payments are avoided to prevent the transmission of the deadly virus.

Related Resources: Online Guides | Roxilia | Vaporana | APlus Resources

guide https://www.emblix.org/blog/ant-group-shows-the-influence-of-ecommerce-with-largest-ever-ipo/ https://www.emblix.org/blog/ant-group-shows-the-influence-of-ecommerce-with-largest-ever-ipo/ Editor Thu, 19 Nov 2020 08:06:32 -0500
Why can't startup businesses easily get financing from banks? Are you wondering why the banks reject the application of startup loans. If yes then this article has got you covered with the details. You will not agree more that it is very hard for small businesses to find commercial loans for the business startup. New businesses are not given loans because banks find it a risky venture. You might not agree that business starts off risky but there are certain things which lenders expect from the borrower and that is why it is considered a risky process. Let's dig into the factors .

Owning Assets for start up business loans

You need to keep in mind that banks expect a borrower to have a capital which the business assets that can be used for creating services or products. These are the assets which can later be converted into cash or making a repayment of loan. And sadly new businesses are already starting from scratch and that is why they do not own such assets. This is also possibly true for service based businesses as they are just starting out and you do not have much to offer apart from the services or manual labour. Moreover, banks find it hard to trust new startups because they are not able to have a track record. Banks expect a borrower to have a track record or the capacity which shows that their startup will be able to generate enough money. But sadly such a proof is not available for a person who is just starting out from the scratch.

Good credit for start up business loans

Lastly, a bank expects a borrower to own a good character which has to do with a good credit rating. If you have been paying your credit on time means then it will work in your favour because it is a prerequisite. Poor ratings will surely turn the banks much more quickly.

Further, the bank will not give you a loan if you lack experience. Banks have their trust issues and that is why they will deny start up business loans to someone who has not even had a year of experience in working professionally. Apart from the experience, the bank also sees that if borrowers own management skills, if you do not have an experienced management team to handle your finances then they will surely turn you down .

Lack of customer base

Another reason for which other businesses cannot easily get finance have to do with the lack of a customer base. This might seem illogical but you cannot get financed until you have a customer base. You might argue that customers based begin to expand once the business gets established and that's why you need start up business loans for. But contrary to his logic the bank expects and demands that you get creative and have a customer base in advance .

For all the above reasons mentioned it is hard to get start up business loans. But you can still try  your best to craft a business plan carefully which could answer the question which banks might question or object to. You should have every plan of your business so that they can rely and trust on your startup.

guide https://www.emblix.org/blog/why-cant-startup-businesses-easily-get-financing-from-banks/ https://www.emblix.org/blog/why-cant-startup-businesses-easily-get-financing-from-banks/ Editor Mon, 09 Nov 2020 09:25:40 -0500
Can Bankruptcy Help Prevent My Car From Being Repossessed?

According to The Washington Post; "A record 7 million Americans are 3 months behind on their car payments" - February 2019. That title says it all. In other words, if you are filing bankruptcy and have missed your car payments, but you still want to keep your car, you are not alone.

The Credit Union Journal has a recent article in the May 2019 edition titled; "In avoiding subprime auto loans, are Credit Unions shunning their roots?" It turns out that car loan defaults are once again at historic highs. This is a nationwide problem for lenders, and not just locally here in Ventura County or Los Angeles County.

There are legal remedies you can deploy to stop your car from being repossessed. Many consumers do not realize that under both Chapter 7 and Chapter 13 Bankruptcy Law you can temporarily prevent car repossession by your lender. This is because during bankruptcy proceedings the court issues an "Automatic Stay" prohibiting and preventing the lender from repossessing your car. The lender can ask the court remove the 'automatic stay' and if the court agrees, the lender may take possession of the car anyway, but this temporary stay may be all you need to get the lender's attention to work with you and your attorney on a modified repayment plan.

The best way to deal with this situation is to be in contact with your car lender, and it's best to do that through a bankruptcy attorney, it holds more weight. It also stops the lender from trying to bully you. Your attorney can renegotiate the terms and help you set up a new payment structure thus, allowing you to keep your automobile in a bankruptcy.

Consider if you will that lenders don't really want to repossess cars, they are not in the automotive business, they are in the lending business, they just want to be paid, as per the original agreement. If they realize that isn't going to happen, they will weigh their options and consider what's best for them. Perhaps, a reduced interest rate, reduced balance, or renegotiated terms are better for the lender than a repossessed used car with low resell market value due to wear and tear and depreciation. Face it lenders do not want to lose any more money than they absolutely have to.

Another important point you must remember; the 'automatic bankruptcy stay' is only temporary, and if you haven't been making timely payments, once your case is closed you can expect the lender to demand return of the car or they will repossess it. Also keep in mind that the stay is only good during the bankruptcy proceedings which for Chapter 7 lasts about 3 months or so.

What's the Best Way to Prevent Car Repossession During Bankruptcy Court Proceedings?

  • Make the payments
  • Make up missed payment
  • Come up with a repayment plan, ask court to approve it
  • Stay in contact with the lender through your attorney
  • Ask for some help perhaps paying interest only for a couple of payments
  • Renegotiate the Car Loan
  • Ask court if you can buy your car back for its fair market value (Redeeming Your Car under Chapter 7 Bankruptcy Law).
  • Ask your bankruptcy attorney about 'cramdown' strategies in Chapter 13 bankruptcy
What Can You Do If Your Car Is Repossessed Before the Bankruptcy Filing Date?

Ask your bankruptcy attorney to help you come up with a repayment plan so the lender can get the missed payments. If this has happened to you, and if your car has already been repossessed, do not delay. Call your bankruptcy attorney now! That's probably the best advice of all.

Summing it all up!

You need to know your rights and understand the motivations of your lender. You need a good solid bankruptcy lawyer who works for you, one who has dealt with the local lenders here in Ventura and LA County. An attorney who gets it and has decades of experience. With the right strategy, you'll be able to keep your car, prevent humiliation, and prevent loss of your transportation. After all, we live in California and you need a car.

Lance Winslow has launched a new series of eBooks on the Mobile Detailing Business. Lance Winslow is a retired Founder of a The Detail Guys, a Nationwide Franchise Chain, and now runs the Online Think Tank; http://www.worldthinktank.net.

guide https://www.emblix.org/blog/can-bankruptcy-help-prevent-my-car-from-being-repossessed/ https://www.emblix.org/blog/can-bankruptcy-help-prevent-my-car-from-being-repossessed/ Editor Fri, 16 Oct 2020 04:45:12 -0400
6 Most Common Mistakes That New Bitcoin Traders Make

Are you thinking of getting started in the world of crypto trading? If so, make sure you avoid the most common mistakes. You will be better than most of crypto traders by avoiding these mistakes. The interesting thing is that almost every trader makes these mistakes without even realizing it. Without further ado, let's check out those common mistakes. Read on to find out more.

1. Emotional decision making

Beginners tend to trade emotionally. But the thing is that trading has nothing to do with your emotions. As a matter of fact, if you make decisions based on your emotions, you will be heading on the road failure.

2. Buying high and selling low

Another common mistake that beginners make is buying high and selling low. You don't want to get greedy while doing this business. What you need to do is buy low and sell high. This is the only way to make a profit trading Bitcoin.

3. Selling at once

Due to the two mistakes mentioned above, beginners purchase or sell their Bitcoins at once rather than buy and sell them gradually in small quantities. If you ask an experienced trader, they will ask you to sell 20% of your Bitcoin post 50% profit. But the problem is that new traders are too gready to sell. Therefore, they don't have the money to purchase dips. Some of them sell all of their Bitcoins at once.

4. Buying wrong currencies

New commerce purchase cryptocurrencies that make tons of promises using big words. But they don't know that these currencies don't provide any technical innovations, such as Litecoin, NEO, Tron and EOS, to name a few. The problem is that they are quite centralized blockchains. Therefore you may want to avoid them.

5. Putting your eggs in too many baskets

Because of the previous mistake, beginners tend to invest in a lot of cryptocurrencies. This is not a good idea as it can make it difficult for you to earn profits. Ideally, you may want to invest in 3 to 4 coins. In the world of cryptocurrency, you cannot afford to put all your eggs in tons of baskets.

6. Putting all eggs in one basket

Another common mistake is to put all your eggs in the same basket. Ideally, you must have a well-diversified portfolio. Apart from this, you may not want to deposit all your cryptocurrencies in the same wallet or exchange. What you need to do is make use of a minimum of three wallets. This will help you protect your investment.

Long story short, these are just some of the most common mistakes new cryptocurrency traders make. If you follow these steps, you will be less likely to make these mistakes. As a result, your investment will be safe and you will be more likely to make a profit rather than suffer a loss. Hopefully, these tips will help you get started as a new trader and make a lot of profit.

Do you want to buy or sell Bitcoin? If so, we suggest that you check out Bitcoin Trucker for more information.

guide https://www.emblix.org/blog/6-most-common-mistakes-that-new-bitcoin-traders-make/ https://www.emblix.org/blog/6-most-common-mistakes-that-new-bitcoin-traders-make/ Editor Fri, 16 Oct 2020 04:41:31 -0400