Debt Management – Watch Out for Bank Fees!Written by Charles Essmeier
During last twenty years, banks have offered a number of improvements in area of being customer-friendly. The old 9 AM – 2 PM “banker’s hours” are gone, replaced by a schedule that makes it easy for most people to visit when bank is open. Automatic teller machines are ubiquitous, making it easier to obtain cash even when banks are closed. And debit card has made it easier than ever to pay for an item – you don’t even have to write a check anymore. Such conveniences come with a price, however, and banks are charging additional fees for all sorts of services. Some of them can be quite steep, and consumers should watch how they manage money they have in bank.
Banks have been talking for years about how convenient it is to use an automatic teller machine. You can use one 24 hours a day and handy machines often make it unnecessary to interact with a teller. What many banks fail to advertise, however, is that they now charge a fee for any transaction that involves a teller. Most people probably wouldn’t care to pay a $3 fee to walk into a bank to deposit a check, but since many banks charge such a fee, consumers should
Investment Techniques For Creating Passive IncomeWritten by Mika Hamilton
There are many wealth creation strategies and investment techniques available to those who are looking to create a passive income. These fall into three main categories. Running a business, investing in property and investing in share market. Although there are many options in each of these areas, finding right wealth creation strategy for you is not that hard.
The formula for Wealth Creation is relatively simple. In order to increase your wealth, you need to increase your wealth generating activities. Most of us start out trading our time, for money. We get paid an hourly rate for doing a certain job. The problem with this is that in order to increase your income, you usually need to increase amount of hours you sell to your employer or clients. Which in turn reduces amount of time you have to spend on yourself, your family and doing things you enjoy.
In order to increase your quality of life, only realistic strategy is to increase your income, and reduce amount of hours you work. How do you do this you might ask? By using time tested wealth creation strategies and investment techniques to create and then increase your passive income.