Secured Personal Loans - A Secured Financial Aid
Needs and demands are the two permanent factors in everybody's life. However, what matters is the fact that how many of us actually succeed in accomplishing these requirements and basic necessities. It is a widely accepted notion that just the monthly income of a common man is not enough to accomplish such expenses and to overcome this insufficiency, the solution of personal loans have emerged as a perfect financial assistance. Therefore, now the populace can abbreviate their excruciating expenses through the facility of secured personal loans.
Secure personal loans are composed with several beneficial attributes for the convenience of the loan seekers and hence, considered as one of the most reliable forms of financial aid. By taking this loan, an applicant gets the advantage of demanding a huge amount with low rate of interest. As far as the repayment procedure of this loan is concerned, the borrowers can stay assured of the easy installments and valid leniency. In case of urgent requirement or a valid reason, a borrower can also apply for an extension of repayment tenure. People often take this assistance to meet the economic tensions of their life. In addition to its secured nature, the other most profitable feature of secured personal loan is its usage flexibility as the amount retrieved through this loan scheme can be utilized for fulfilling all sorts of tasks including education fees, house repair, purchasing an automobile and clearing other delayed expenses. Bad credit holders can also apply for this loan with a little higher rate of interest.
So, now if you are dealing with such intense economic conditions, you can immediately consider the facility of secured personal loans. In addition to this, the applicant must be above eighteen years of age with a fixed source of income. The applicant is simply required to offer collateral or any other valuable asset to claim this loan. Once you arrange for this security, all you have to do is post an online application form on the website of the lender. This application form may ask for your personal profile status and employment details. If in case you encounter any clause, you can directly get in touch with the customer care department of the particular money lending agency. However, secured loans are generally designed with simple and manageable set of requirements and hence, any sort of difficulty or hindrance is least expected.
Secured personal loans are widely offered by most of the money lenders. As it is secured in nature, they lenders also do not have to face any sort of risk from the borrower. On the other side, the applicant should also conduct a research before finalizing any loan deal. Interested loan seekers can gather good information about the provisions of loans and the lenders through their friends and colleagues. The medium of Internet is also easily available to offer a summarized detail about the lenders and their prerequisites. To avoid any chances of inappropriate or illegal use of offered security, it is very important for the borrower to take the loan from a reliable and experienced lender.
Kenneth Robert is an expert financial advisor therefore he can tell you how to look better, live better and breathe better by giving you tips to improve your finances. To know more about secured personal loans No income proof secured loans and secured home loans visit http://www.applyforsecuredloans.co.uk
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Financial Freedom: Saying Goodbye to the Time for Money Swap
Before we address the issue at hand, let’s make sure that we are clear on the definition of financial freedom. Up until 4 or 5 years ago, I had a warped perception of financial freedom. I pictured it as a life of leisure with a couple million dollars in the bank. After taking on too many unnecessary risks trying to attain that goal, I stopped to rethink my definition. I realized that financial freedom doesn’t require millions of dollars. As long as you have enough to cover your yearly expenses and a method to replenish your coffers, you are there. That sounds sort of like a job. However, even using that as a definition only a few working people would meet the criteria. Most need a job and a few credit cards to make ends meet. I redefined it as follows:
Financial Freedom is freedom to focus on what is truly important to you and your family without having to trade time for a wage. It is enabled by a portfolio of income producing assets, managed by you, which generates sufficient income to cover your yearly expenses on an ongoing basis. It provides both time and money.
That is significantly different than my original definition, but much more achievable. It requires that your days be spent maximizing the return on your eBay business, rental properties or other assets. Unfortunately, it is no life of leisure. However, the intent is to generate your income in far fewer hours than the standard 9 to 5. If structured correctly the revenue will continue to come in while vacationing or on the golf course.
We have prepared our entire lives for the time for money swap. It is simply what responsible people do. You commit 40, 50 or 60 hours per week and the company commits to pay you for your efforts and in some cases extremely well. The concept of not exchanging your time for a wage is so foreign for most that financial freedom will never be seriously considered. Many will dream about it, but life will slap them back into reality. The few who choose to ignore life’s slap – must be willing to make the following three commitments.
- Make time to become free. I submit that this is the number one reason why there are so few people that are financially free. Most are just too busy with life. Financial Freedom requires sacrifices and it begins with making a time commitment. Initially you will need time to study and eventually to implement your plan. The easiest place to find extra time is by reducing your number of hours of sleep each night. Start by reducing your sleep time by an hour. As your plan starts developing other items will lose their importance, freeing up more time for your plan. Before I left corporate America, I would put in a full 9-10 hours on the job and come home and work my plan for another 5-6 hours each night. One of the benefits of financial freedom is time to focus on what’s important to you and your family, but to receive that you must initially sacrifice some of your precious time.
- Know your business. In preparation for your current career, you have spent years going to school and have attended seminars and training classes to attain additional expertise. Financial freedom requires a similar commitment. Unfortunately, there are no formal classes or degree programs. You must educate yourself and learn by doing. The lessons learned from a failed business deal or significant stock market loss is more valuable than any course attended or book read. There are three primary paths to financial freedom - real estate investing, small business ownership or trading markets (stocks, bonds, commodities and/or currencies). I have tried all three. Each venture has added significantly to my business knowledge repository. You must always be looking to learn. Seek out mentors. Pay your tuition to the school of hard knocks.
- Buy Assets. Financial Freedom requires that you create passive income. That is income that does not come from wages or your active business participation. Rental property or dividend paying stocks are examples of assets that generate passive income. Your financial freedom plan involves mapping out strategies to add assets to your portfolio. Once you have enough passive income to cover your yearly expenses, you are free. All of our lives we have been told that our home, cars and boats are assets. Instead of arguing that point, I would like to introduce a new term “core-assets.” “Core-assets” are all items of value less non-income producing assets. Items such as your home, cars and boats unless used in a business are non-income producing. So, “core-assets” are only items that produce income such as rental property or a limousine. Financial freedom requires that your spending is focused on buying income producing or “core-assets.”
Financial Freedom is not jet-setting around the world living the life of leisure, but is having freedom to focus on what is truly important without having to trade time for a wage. It requires a serious commitment and is attainable when defined appropriately. Time for Money or Time and Money – it’s your choice.
About the Author
Michael Dawson recently said goodbye to a 20 year career in Engineering, Marketing and Sales to focus on living his dream of financial independence. He has since founded The Time and Money Group as vehicle to encourage others to do the same. The company's mantra is "Why trade time for money ... when you can have both." Sign up for their free weekly newsletter, where he and others discuss the different paths to financial freedom and offer insights for your successful navigation.
http://www.thetimeandmoneygroup.com
Make sure to read one of Dawson's most popular articles: "The No-Brainer Investment Strategy to Double Digit Returns"
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