Posted on June - 22 - 2011
Starting your own business doesn’t necessarily have to be about building up a big company and putting yourself at the top as boss.
While some people dream of one day handing over the “grunt work” to employees while they take a more strategic role, for others that’s a new kind of nightmare they’d rather never face.
If that’s you, then you could have a happy future as a contractor. This is where you effectively sell yourself – if you like, as a gun for hire – taking on work for more than one employer at a time.
There are huge advantages to being a freelancer. Depending on what kind of work you do, you could find yourself doing the same tasks you do as an employee, but working for yourself. And you could even find yourself earning more money than you did in employment. No boss, more money – surely this is a dream come true?
Of course there are downsides as well. As a freelancer y
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Posted on June - 21 - 2011
Yes, some creditors may be willing agree to a debt settlement, but doing so isn’t always the right strategy for everyone. Make sure you weigh all the pros and cons to get the best results for your situation.
DIY vs. debt settlement programs
Most people consider signing up for a debt settlement program because they aren’t sure where to begin with wiping out credit card debt and other bills. Using one of these services usually requires you to make payments into an account with the firm for a period of two to three years, and the funds that accumulate are used to pay off debt.
While some debt settlement programs do exactly what they advertise, there are many accounts of consumers being duped and left with unpaid bills. Research any debt settlement program you are considering to make sure it is reputable and has a good track record.
Savvy consumers should be able to skip the middleman–a debt counseling firm–and negotiate a debt settlement directly with creditors. It may
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Posted on June - 21 - 2011
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The stalled economy has given rise to a new target market: the Boomerang generation. Although their name is reminiscent of Baby Boomers, the Boomerangers are between the ages of 22 to 29. They’re single, recent college grads who have full-time jobs. What’s so special about them, you might ask? Well…they live with their parents.
According to a study by Luminosity Marketing, 13 percent of parents with adult children report that at least one adult child has moved home in the past year. Given the tight job market, this group is poised to grow. Should your business be targeting them?
Keep in mind that Boomerangers have more disposable income than the average person their age since they are employed, but (in most cases) have limited expenses. That
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Posted on June - 20 - 2011
FOMC Statement: June 22
Sleeping with one eye open
Today’s statement implies no major changes to current policy stance
The Federal Reserve today released a statement describing the economy as displaying moderate growth, but at a pace somewhat more slowly than previously expected by the Federal Reserve. The contents of the statement imply that the Fed believes that the recent weakness in economic indicators will be transitory and is the result of dampened consumption from a spike in oil prices and dampened business activity from a natural disaster in Japan. While business investment expanded, residential investment remains depressed. Turning to inflation, the FOMC continues to assert that the recent uptick in inflation is the result of transitory commodity price increases and will converge to a level more comfortable with FOMC members.
Bernanke said that part of the recent slowdown is a result of the aforementioned transitory factors, but the other part of this recent slowdown is attributable to long-term factors that are more persistent than previously expected. T
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