Month: March 2018

Secure your hard earned money with a trustworthy Financial Planning

Financial blogger

Who does not want a secured future? Secured future is synonymous to monetary security. Money makes the future as everyone has to retire one day and for that reason monetary security is all desired and also very much needed. We can not predict our future life as everything is unpredictable. We can only save our money for helping ourselves in our old age. It is an instinct to save anything for future assistance and this is one of them. But in this up and down state of money market saving of money is not an easy deal to make. You can not do a saving without any turn over or profit and in this situation you can not get that amount of money as it can be gained before.

Again there is another problem and that is planning your wealth properly as unplanned wealth causes shortage of money and economic problems. But people get loosed himself or herself once they earn money and get that in his or her hands. Getting money in hand erases the bar of tension and planning of expenditures. She buys fashionable dresses and he wants to have a fashionable bike or car forgetting his or her other responsibilities. This tendency is mainly seen in young earners as they do not want to think about proper wealth planning to secure their future economic life. They ignore the very simple fact that early saving and planning would give early fruit of saving and decision. They often find it difficult to save money for their future as they spend most of their earning for having a luxurious life or to fulfill their expensive desires. Such expenditure can lead to economic problems in future. Although, people know all about this, still they cannot help themselves. These expensive desires of human beings cannot be considered as a foolish act. People earn money for their living and on long desired materials. Keeping these problems a person can face mind, various wealth management companies have grown up.

But any company can not so much worth it like the Impact Wealth Advisors from Boulder Financial Advisors. You can consult the efficient and strictly professional financial advisors from boulder. This is a wealth management company designed by the Boulder Financial Advisors which comprises of competent financial professionals who solve and manage finance of common people very efficiently and carefully. This is not any other financial planning company but Boulder Financial Planning. It treats the financial problems of individuals separately not commonly like other finance management companies.

Boulder Financial Advisors minimize the financial problems of their clients who pass a stressful life for this particular tension. They fail to concentrate on their professional lives and create a problem of finance. The Boulder Wealth Management staffs and Boulder Financial Planners try to figure out the basic problem in every possible ways to help their clients. They even get very close to the family members of the clients to know about the clients problem. Thus Boulder Financial Advisors have won the trust of common man.

Get Small Financial Help for Short Period of Time!

Financial blogger

There are many such events in life when you are in need of some extra finances due to the fact that your income is much lesser than your expenses. Since the expenditures are soaring with every passing day, the monthly salaries are not able to suffice for the same. In case, you are also undergoing a similar situation and need some small cash for a short period of time, then there is no need to go through any hassles as the 12 month loans are available to help you out. These plans are available at varied rates of interest from different online lenders.

In order to select the most reasonable 12 month loans, it is important to conduct an intensive online research and hence comparison of free loan quotes for the same. This will help you select the most authentic and reliable online lender who will provide you with the required loan amount. These loans are available in two categories- secured and unsecured. If you wish to place any security, then you can easily opt for the secured loan plans and pay a lesser rate of interest for the same too. On the other hand, the people who do not have any assets to be placed as security can opt for the unsecured loan plans. The rate of interest charged for the same is a bit on the higher side due to the risk involved.

These loans are easily available on the web. Almost all products and services are available through the online mode due to the technological development that has taken place in the world. Most lenders maintain website and provide a simple and cost free application form which can be filled up with authentic information right away. After you meet the terms and conditions of the lender, you become eligible for the same and the approval follows soon. The applied money gets transferred to your bank account as soon as the loan is approved and now, you become capable of handling all your cash related problems without any hassle.

The lender leaves you free to use the money as per your discretion. So, if you need to pay the pending bills, or get your car repaired or even pay the pending school fees of your child, it can be done without any delay. These loans are completely hassling free as you are not required to fax unnecessary papers or go through credit verification process.

Introduction To Financial Modeling

Financial blogger

Financial modeling in Excel is one of the most versatile and powerful finance skills today. This skill is often a sought-after add-on to well-known financial designations such as CFA, CPA, CA, CMA and CGA. In a nutshell financial modeling is a process of building a multi-year forecast of a companys financial statements: income statement, balance sheet and statement of cash flows. The projected time period varies from one model to the next, the norm being 5 to 10 years.
Why is financial modeling so important? It is used in a variety of finance applications such as investment banking initial public offerings (IPO), secondary financings, mergers and acquisitions (M corporate banking; private equity; venture capital; equity research; corporate strategic planning and budgeting; and numerous other important applications. Below are just a few financial modeling application examples:

An investment banker builds a financial model of a mobile telephony software company that is going through an IPO process. The main outputs of the model will be metrics used in valuation: unlevered free cash flows (UFCF), earnings and net debt calculations. The financial model will be used in discounted cash flow (DCF) valuation. DCF, together with comparable trading and transactions valuation will be used in the companys ultimate valuation. The end goal of this modeling process will be to value the per-share offering price of the companys shares once they are listed on the stock exchange.

A credit-focused financial model is being built by the commercial lending unit of a major bank. This is a part of processing a large commercial loan application filed by a manufacturing company which is looking to expand its operations. The models emphasis is on the debt servicing ability of the company in question. The most important outputs that the commercial bankers will look at are debt to equity ratio, interest coverage and fixed charge coverage ratios.

An equity analyst builds a financial model of a company that his firm decided to initiate coverage on. The focus of the model is on DCF valuation and unlevered free cash flows generated by the company. Based on the models results the analyst will issue buy/sell/hold recommendations on the stock based on the relationship of his target stock price and the current market stock price.

A private equity firm is considering a 50% acquisition of an early stage pharmaceutical company that needs capital for sustaining its research and development (R&D) program. The private equity firm sees value and significant upside in this situation given the target firms pending patent applications. The purpose for building the financial model is to determine the price at which the private equity firm is willing to purchase the 50% stake, given the hurdle IRR (internal rate of return) rate of 35%.

A pulp and paper companys CFO prepares a detailed multi-year budget of the company. She uses Excel financial modeling techniques to achieve her goal. The model will contain a 5-year projection of the companys income statement, balance sheet and cash flow statement and help the company assess future financing, staffing and operational needs. The multi-year budget will be submitted to the company CEO for review.

The financial modeling process is as much an art as it is a science. Solid financial modeling training through seminars and courses is a must for people seeking careers in many finance areas. These skills are further honed and advanced through the real-life work experience of building financial models.

The financial modeling process begins with gathering information. The analyst must become intimately familiar with the company he models, its industry and competitive landscape, its plans and prospects, and the strength of the companys management. Crucial pieces of information are the companys past financial reports, management interviews, conference call transcripts, research analyst reports, and industry publications. It must be noted that this information gathering exercise is much more challenging when modeling a private company as opposed to a public company. Private company information can often only be obtained through direct access to the company insiders.

An typical Excel financial model will consist of the following parts:

Assumptions. These are the models inputs. Assumptions are based on the companys historical information as well as its future plans and current market trends.

Historical and projected financial statements income statement, balance sheet, cash flow statement. Projections are based on historical performance and model assumptions.

Supporting schedules including working capital schedule, capital expenditures (CAPEX) schedule, debt schedule, and tax schedule.

The models outputs depend on the primary purpose for building the model. In many cases modellers focus on earnings, unlevered free cash flows, capital structure and debt capacity.

Scenario and sensitivity analyses are often incorporated into the models, including scenario managers, data tables and charts.

Financial models often serve as foundation for more detailed further analysis such as valuation, M&A merger modelling (accretion/dilution analysis), LBO analysis and Monte Carlo simulations.

So what does it take to be a good financial modeller? Accounting and finance knowledge is compulsory. In-depth understanding of financial statements and relationships between line items of the income statement, balance sheet and the cash flow statement is an absolute must. Microsoft Excel proficiency is another prerequisite. A good modeller not only knows Excel functions, tools and formats, but also is quick and efficient in using Excels numerous keyboard shortcuts. Sometimes it takes years of Excel modeling to become truly proficient at this task.

Financial Infidelity What Is It

Financial blogger

Although many are not familiar with the term financial infidelity, it has increasingly become a problem in many households across America. So what exactly is financial infidelity? Financial Infidelity occurs when one person in a committed relationship spends or hides money without disclosing it to their partner.

Like sexual infidelity, financial infidelity can destroy one’s marriage. Money problems are known to be one of the leading contributors to divorce. Financial infidelity happens to be at the top of the list of money problems that lead to divorce. Shockingly, Jennifer Brand, a family law specialist in Philadelphia, stated -I see more cases of divorce caused by financial infidelity than I do from sexual infidelity.-

So how many people out there are actually lying to their spouses about money? The numbers are surprisingly high. In a recent survey conducted by Harris Interactive, the following results were revealed:

Approximately 1 out of 3 people admit to lying to their partners about finances
One in Four people state that their partners have withheld financial information
Three out of Four people surveyed stated that they fight at least occasionally about money
One in Four adults believe that financial infidelity is worse than sexual infidelity
96% of the group surveyed reported that it is both partners’ responsibility to be completely honest about financial issues.

The results indicate that financial infidelity is a serious problem. As one can imagine, any form of dishonesty in a relationship can lead to serious trust issues. Those trust issues can ultimately break down the emotional connection needed to make a relationship last. The reality is that the effects of financial infidelity on a relationship are no different and oftentimes worse than sexual infidelity. If you are having a problem with being completely honest around your finances with your partner or are having problems getting over financial infidelity in your relationship, you should consider working with a financial therapist.

Nikiya Spence is a licensed psychotherapist, certified money coach, and speaker. Nikiya specializes in helping individuals and couples transform their relationship with money. Visit her website at www.solutionsoflife.com or call 770-638-7145 for a free 30-minute no obligation consultation.

Fast Cash Advance To Save Money Makes Financial Sense

Financial blogger

Even the best fast cash advances are often unfairly perceived as being an expensive, financially irresponsible way to borrow money, but there are times when a cash advance can make perfect financial sense. In these emergency situations, the interest rates accrued with a fast cash advance can actually cost you less in the long run than waiting until your next paycheck to take care of the problem. In comparison, traditional bank loans often take time to process, are usually not available for smaller amounts, and may be unavailable to those with less-than-perfect credit. Keep reading to learn about a few common scenarios in which cash advances can actually be a wise economic decision.

Unexpected Medical Emergencies

Common medical problems like dental emergencies can happen unexpectedly, and they’re often not covered by health insurance policies. For example, a survey done by CostHelper showed that a crown-less root canal for a molar cost patients without health insurance as much as $2,000.Those without sufficient health coverage who don’t have the cash-in-hand to take care of problems quickly often delay the necessary treatments, leading to bigger problems and costlier medical bills down the line. In situations like these, a low cost credit cash advance makes perfect financial sense. Often, the interest rates on a quick loan will be far more kind to your wallet-and your health.

Car Troubles

Car repairs are often unexpected, and they can be extremely expensive. In fact, according to a CarMD Vehicle Index Study, the average cost of car repairs rose 10% in 2012. In the U.S., long work commutes and inefficient public transportation services often make a properly-running vehicle a major necessity. If you’re unable to immediately pay for the repairs needed to keep your car on the road, you could face the extra financial burdens of missed work days, expensive car rental fees or costly public transportation costs. If you need emergency car repair, a fast cash loan can be a lifesaver. If you’re unable to reach a physical loan office, you can even apply for a cash advance online from your computer or cell phone.

Overdue Utility Bills

The need for a fast cash advance online loan can happen to the best of us. In tough economic times, homeowners may be unable to keep up with costly utility bills, and they’re often faced with a looming shut-off notice. In many circumstances, people often allow their gas or electricity to be shut off for a day or two until they receive their next paycheck-but this can be a costly mistake. Utility companies often charge late fees, service charges and re-connect fees to return service to a residence where the power has been shut off. By the time it’s all said and done, the fees associated with an online cash advance would have cost far less.