Combining the Love of Travel With a Home Based Travel Business

Merging the love of travel with owning your own travel business is perfectly doable! Travel is an 8 trillion dollar industry and is expected to continue to grow in the next decade. It is a product that is always in constant demand. That means the world is your market! Owning your own home based travel … Continue reading “Combining the Love of Travel With a Home Based Travel Business”

Merging the love of travel with owning your own travel business is perfectly doable!

Travel is an 8 trillion dollar industry and is expected to continue to grow in the next decade. It is a product that is always in constant demand. That means the world is your market!

Owning your own home based travel business will allow you to accomplish both goals. 1) Pursue your love of travel and 2) fulfill your dream of becoming an entrepreneur.

One of the great things about being a part of the travel industry is it allows you to become a student of the world. You learn about so many different cultures and political systems; see awesome and unique majestic scenery, landscapes and animal kingdoms. Not to mention, all the many ways in which to have fun!

You’ll be surprised just how easy it is to achieve your objective. One sure way is to become a certified travel agent. Certified travel agents sell travel that’s their business. They are an independent contractor. They also get to travel themselves at a significantly lower rate than the consumer. In fact, they are encouraged to do so. The more they experience the product they are selling, the more knowledgeable they will become. Remember, travel is a product and in business you have to know your product.

One thing to keep in mind though, travel is large. It’s impossible to be completely knowledgeable about all things travel. Therefore, it would be best if you focus on just a few targeted niche areas such as: cruising, wedding destinations, family vacations, etc. You should essentially become an expert in your perspective niche field. It could make you one of the most sought after agents in the business.

No experience is needed to become a certified travel agent. However, extensive training is required. In addition, hard work and persistent effort is a must. There are numerous resources in which to obtain training. You can enroll in a online home study course or attend college. However, the quickest and most direct way is to become an intern at an already established travel agency. Travel agencies are always looking for new recruits. A host agency will help you become certified and there is no license required..

If you are a highly motivated individual and are looking for a business opportunity that will allow you to become financially independent, then the travel business is an ideal choice.

How to Fix Your Credit Score and Maintain Good Credit

One of the most frustrating things is seeing people get out of debt but then get right back into it. Sometimes we know what’s bad for us, but we do it anyway. Next thing you know, you’ve got collectors calling at all hours.

How can you fix your credit score and maintain that healthy credit rating long into the future? It’s not rocket science, but it can sometimes seem that way. So let’s break it down.

Here are some things you can do to keep that credit score healthy and to stay out of debt:

• Payments: Always pay your monthly bills on time. One of the biggest reasons people slip back into debt and bad credit is because they miss one payment and then feel like they can miss another. This is not a good strategy for having a healthy credit history.

• Stay Current on Your Payments: Missing a payment happens. Maybe you had some time off from work; perhaps a family emergency came up. Now you don’t have the money and you miss a payment, but the next month you get back on track. The important thing is to get back on track and to stay there.

• Pay on Time: Are you paying your bills, but you’re paying them late? Many times your credit score will be damaged beyond belief simply because you refused to pay on time. Consider paying your bills with your first paycheck after they come, not before they’re due. Just a few late payments can destroy all the hard work you do to get that healthy credit score.

• Collections: Whatever you do, do not let a collection agency get its hooks into you again. A bad debt that is sent over to the collection agency will stay on your credit report for 7 years! That means for 7 long years you’ll have bad luck when it comes to loans, and you’ll always pay more than the other guy. Don’t let this happen – pay your bills on time!

• Communication: Are you having a tough time staying above water? When you know a bill isn’t going to be paid, calling or sending an email to the company or creditor is always a good idea. And if you’re in debt now, contacting the creditor directly is a lot better than having a collection agency sent out after you.

• Survey your credit reports for precision: It’s extreme enough paying for your own errors; you don’t have to be punished for somebody else’s. Verify that your credit reports precisely reflect your obligations and the installment history.

• Set up installment updates on your bills: Paying on time, additionally called your payment history, means 35% of your credit score.

• Quit utilizing your credit cards as much: This is an alternate method for saying to live inside your methods. While you get your credit card obligation under control, it’s a great thought to depend predominantly on great, hard trade in for the money request to pay off some of your obligations. Get a protected credit card if you have to develop your credit history. Secured credit cards work sort of like check cards.

How Is My Credit Card Interest Rate Calculated?

It is not surprising to know that credit cards are expensive. Yes, cashless transactions can in fact end in an empty wallet if you aren’t careful about how much you spend and keep a check on your bills by paying them back regularly. So, what makes them popular despite their exorbitant charges? Well, let us have a look at an example and understand this better:

For instance, in your current billing cycle say for the month of March is as follows,

the total amount due is given as Rs.5000,
the minimum amount due is Rs.150,

Considering you pay only your minimum amount due,

your current outstanding is: Rs.4850
Interest charged is 3% on outstanding; which is Rs.145.5
The total outstanding is: Rs. 4995.5 ~ Rs.5000

Let your new purchase in the next billing cycle (for the month of April) be worth Rs.2500

The minimum balance paid by you is Rs.200

Now, your outstanding is: 5000 + 2500 – 200 which is 7300
(adding previous month’s balance to the current bill)

Interest charged at 3% on outstanding; which is Rs.219

The Final Outstanding is Rs.7519.

Just think for a moment and see, you had already paid the sum of Rs.350 which is the minimum dues for both cycles. And apart from this you’ll have to pay Rs.7519. which amounts to a total of Rs.7766.

The more number of bills you leave unpaid, the more you will end up paying. Simply because 3% per month amounts to 36% per year! Now, doesn’t that sound a little too expensive? Moreover, the interest charged is on the total outstanding and not just on the current bill’s due amount, do you see how tiresome it can prove to be?

Do not ever fall into a treacherous debt trap, because that is precisely where you will end up the moment you default on your credit card.

Unless you believe you possess some amount of self discipline when it comes to using these plastic financial weapons, there is a good chance it will backfire right back at you. This sometimes leads to people settling their cards.

What does credit card settlement mean?

When the outstanding amount on your card exceeds way beyond your repaying capacity, the card issuer will quote a minimum settlement amount.
Once you settle your card, it means that the issuer will cancel all the outstanding on your card, this will end in your card being terminated.
Wait there’s more.

Settling your credit card can have one of the worst effects on your financial life. And that too on a permanent basis! Why you wonder?

You see, when your card is settled, your cibil score automatically gets lowered. Apart from that, from this kind of behaviour the bank understands that you are not very good at repaying the money you borrowed. Finally, ending in your loan application being rejected. yes, such is the extent of defaulting on your credit card.

Should Your Insurance Company Offer Cyber Protection?

Cyber security has become a growing concern for U.S. companies over the past couple of years, and for good reason. Information breaches have not only become increasingly common, but also much larger. Nothing illustrates the state of modern web security quite as well as the most recent breach, which saw hackers target the IRS by exploiting faulty security to compromise over 100,000 taxpayer records.

Similar breaches have also affected much smaller companies, and it’s common to see a forward-thinking insurance company racing to adapt. Here is what you need to know to determine if, first, you’re actually in need of cyber insurance and, second, what you should look for in a policy.

Are You At Risk?

If you work with customer information of any kind, then the answer is likely yes. The term to look out for here is Personally Identifiable Information, or PII. It’s not a technical term, but rather a legal term that carries some teeth if you have to deal with it.

At its root, PII is any piece of collected information that could potentially allow a third party to identify a business’s individual clients. Given how good the Internet is at leveraging even tiny hints to track down a person, that definition is awfully broad. Full names, email addresses, site nicknames, and (sometimes) even web cookies can all qualify as PII.

If you’re storing anything that falls under the PII umbrella, you’re at risk of a breach. Breaches are enormously costly, both for affected customers and for the company responsible for the loss. Companies in the healthcare and retail industries are obviously at an increased risk, but when it comes down to it, any business that makes a habit of collecting information should ask their insurance company about cyber policies.

What Your Cyber Policy Needs

You’ll need to look for a few things in any cyber insurance policy. As you may expect, a good policy should cover the financial damages directly caused by a breach. However, cyber attacks can cause financial damage in a wide variety of ways. In particular, make sure that your company is protected against:

– Losses caused by lost time and productivity. A major hack can cause company gears to grind to a halt. Find an insurance company that guarantees coverage for the revenue lost during this period.
– Indemnification caused by a third party. Few modern companies handle their data on their own. Outsourced IT support or other companies can fall victim to a breach that affects your customers.
– Loss of Reputation. Breached companies, even those that have done their due diligence, almost always take a PR hit in the wake of an attack. A good policy offers some cushioning against the customer losses that generally ensue.

Finally, also try your best to work with an insurance company that has an educational component. Some plans will also come with training to avoid a breach. As nice as protection is, it’s safe to say that it’s best left unused. Installing a set of best practices can help keep you from having to rely on a safety net in the first place.

Dollars and Sense: How Bankruptcy Lawyers Will Help You Out of Your Sticky Financial Situation

The word “bankruptcy” tends to strike fear into our hearts, especially if we’re going through financial trouble. But most people can’t see themselves ever filing for bankruptcy. The process seems like it’s made for failing businesses, government bodies, and other organizations. But personal bankruptcy laws exist to protect citizens who find themselves struggling with severe debt. If your finances drop into the red zone, taking the following steps will get you back on your feet:

Assess the Damage

Look closely at your financial portrait. If you owe large sums to multiple creditors, if collectors are calling your house, or if you find yourself paying for essentials with a credit card, you should start to consider remedying your situation. Begin by tallying up your financial assets – bank account balances, retirement funds, stocks and bonds, real estate, vehicles, and anything else of value. Once you have a grand total, compare it to the amount you owe. If your assets are worth less than your total debts, you should seriously consider filing for bankruptcy.

How Do I File?

You may voluntarily file for bankruptcy as soon as you determine it’s necessary. Alternatively, you may be compelled by your creditors to file. However your legal process originates, don’t try to navigate it by yourself. Get in touch with bankruptcy lawyers who will look closely at your circumstances and advise you on how to proceed. There are two different claims you can file, so an attorney will help you determine the legal route that best serves your interests.

Filing a Chapter 7 Claim

A Chapter 7 claim is fairly straightforward. If approved, this claim liquidates your assets and uses them to pay off a large chunk of your debt right away. In other words, it turns most of what you own into cash, and then distributes this cash among your creditors. It sounds scary, because you lose most of your holdings. But it’s not the end of the world – many people bounce back and rebuild their assets without all that debt holding them back. Especially with trusted bankruptcy lawyers on your side, this process can lead to a much-needed fresh start.

Filing a Chapter 13 Claim

Since they involve seizing most of the filer’s holdings, Chapter 7 claims aren’t great for people who own businesses, property, and other major assets. When you have large properties that you don’t want to lose, a Chapter 13 claim is the better choice. It allows people with consistent, predictable annual incomes to pay off debts over a three- to five-year grace period. Once a judge approves a Chapter 13 claim, creditors must stop contacting the debtor. The debtor then continues to work, paying off his or her debts as best they can during the grace period. No property or other assets are liquidated in this process.

Bankruptcy lawyers will tell you: filing isn’t so scary, and can drastically improve your situation. If you’re letting unpaid bills stack up and trying to ignore them, know that you can pursue legal options to relieve the stresses of debt and protect what you own