Wednesday, 24 Apr 2019
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Have you ever wondered where your money went? I bet, you would be ashamed to admit
that you spent a lot on things and activities that you enjoyed. There is nothing wrong with
that if you do it moderately. However, life can be tricky and put you in financial woes in
case you lose your job, you get sick, or you met an accident. Preparation is still the best
policy. Prepare now by making viable investments.

Check out these two investments you can give yourself:

Variable Life Insurance
Wise musicians know that a life insurance is the best gift they can give to themselves and their
loved ones. No matter what happens in the future, having a life policy gives you peace of
mind. You are protected every day of your life. You can even retire early if you want and
pursue your other interests.

This type of insurance offers more than just the benefits that your family will receive when
you die. The money you pay for premium grows. You earn corresponding dividends that
are withdrawable. If you need money for emergency purposes or to finance a business,
apply for online loans with your life insurance.

Credit Card
A credit card is a good investment because it helps you buy things without interest.
However, it is necessary to pay your credit card bills on time to avoid charges. To make it
advantageous, use it only for necessities.

Another benefit of credit card is building a credit history.  Creditors use your credit score as
one of the basis to approve your loan. It also facilitates your application for postpaid plans
on mobiles and other utilities.

Now that you know how these two investments can help you secure a better future, you
can start saying “no” to non-essential purchases. Invest now and reap the rewards soon!

Investing in a property is a crucial decision everyone can make, you have to be responsible
for settling the payment on time. Failure to comply even in just a few missed payments,
there are corresponding penalty fees and consequences.

The first thing you should do to avoid foreclosure of your music shop is to reach out to the mortgage lender.
Make time to set an appointment with them to figure out possible ways to prevent
foreclosure, because you already have few missed payments on the record. Some mortgage
lenders will definitely agree to offer some leeway but with penalty fee whichever is higher.

Fortunately, as soon as possible you can discuss to them your financial problem, other
mortgage lenders might understand and be willing to accept partial payments.

The second option you have is to declare bankruptcy, doing so if the process of foreclosure
begins, it can help to halt the process. It means, declaring bankruptcy will stop the
mortgage lender for a while in bothering you as well as to get your investment. In this way,
the lender cannot proceed until such time that your case is over, that’s the only time the
court will release permission to “lift the stay” towards the money lender.

Moreover, you still have to pay your outstanding loan after you declare bankruptcy.
Though it allows you to have some time saving up to settle the payment, it also affects your
credit score.

The last option you can do is to find an investor and sell your investment. If you don’t want
to deal with the different impacts of declaring bankruptcy to your credit score, future
employment and instant loan applications. There are investors who buy houses as is without the
need to renovate the house and fix the damages, they can immediately provide cash offer.

We know investing is good, as we have become prepared for the future and the sake of our
children. But, if you don’t know how to manage your investment well, you will lose it. Think
before you invest.