1. You’ll Have to Pay Off the Loan, Even if You Don’t Have the Car
If the car you have financed is wrecked or written off, and cannot be sold for enough to cover the amount owing on the loan, you’ll still have to pay for the car. If another car is involved in the write-off accident, their insurance might cover it. If they aren’t insured … you’ll have to cover it.

2. Watch Your Mileage
Some Melbourne car financing agreements under a lease structure have an inbuilt mileage limit. If you are too far over or under it, you might be liable for much higher repayments than you planned.

3. There May Be a Large Final Payment
Many people believe that their monthly payments will pay off the full loan amount, when in fact there is a balloon payment with many car financing structures. You need to ensure you are aware of exactly how much the balloon payment is, and have the cash ready … or face some serious financial consequences.

4. You May be Obligated to Get Comprehensive Insurance
If another institution (your Melbourne car finance company) has an interest in your vehicle, you’ll may be required to get comprehensive insurance on it. This ensures that if the car is wrecked (see point 1) the company can recover most of its value.

5. You Should Know the Value of Tax Deductions First
Go to your accountant and ask them to calculate the potential value of tax deductions under various business-oriented car financing structures before you commit to a contract. This ensures that the extra fees, charges and/or interest don’t outweigh the deductions.

Look into options trading

Options trading is one of the greatest and easiest ways to make money online and to make money in the stock market. I got my start in investing with options trading and learning about this strategies really changed my life.

I have learned so much and made so much with this strategy that I feel I have a duty to share my knowledge with anyone who is serious about building wealth in the stock market, or building wealth in general.

There are many investors out there that have their income from options as their main source of income.

About options

if you don’t know anything about stock options, they are a way to buy and sell stocks at a certain price no matter what happens to the stock itself. With options you can choose to buy or sell a stock at $25 even if the stock is at $30, $50, $60, $80….well, you get the idea.

This is the power of options, it give you the “option” to do these things.

You can buy options for big profits (100% or more in hours) or you can sell options for smaller profits but greater chance of success.

I currently target 15 – 20% per month or 10 -15% per month in slow markets with options trading. I am willing to go for a lower return if it means I will have lower risk and a greater chance of success.

Other trading methods to know about

Day trading

Day Trading is where you trade the same stock multiple times in a week (5 or more). If you make multiple trades on the same stock in 5 days, your account WILL be flagged as a day trader account and you WILL be required to have a minimum of $25,000 in your account to continue trading.

If you do not have this amount of money in your account, your account will be locked from trading for about 90 days.

This happened to me on two separate occasions when I did some panic selling, but I was able to get out of it by working with my broker.

You can trade every day without being flagged as a day trader as long as you are not trading the same stock every day. By doing this you would avoid the $25,000 minimum requirement to “maintain” a day trader account status.

Futures Trading

I would avoid futures because that involves a lot of leverage. Start with options, particularly selling options below the strike price of the current stock.

REMEMBER: 80% of options sellers MAKE money, and 80% of options buyers LOSE money.

Incoming search terms:

• day trading

Many analysts believe that 2012 is going to be a very volatile year, and the market is already showing clear signs that it will be a bumpy year ahead. You just have to look at some of the stats from the end quarter of 2011.

Despite what the pundits are saying, people seem to be flocking back to gold. It performed quite well in 2011, and after quite a large sell the big buyers seem to be coming back again. There is a real buzzing that has been around gold since the financial crisis and since 2008 it has perfect spectacularly.

Gold, seems to be hot on the lips of investors again early in 2012. The reason is because investors seem to be after high class assets, instead of developed markets, and emerging markets. Instead of putting money in stocks and bonds, investors still seem to be magnetizing to gold and silver. Gold especially.

In a survey conducted at the end of 2011, 34% of investors said they were more likely to buy and hold gold until the end of the year. Most are afraid that the deteriorating economy will get worse and feel that gold or silver is the best hedge against that situation.

With problems surrounding the Euro, and other currency markets, gold is again the shining star and the favorite amongst investors. Many investors are losing hope in the currency markets because of the gigantic debt levels in the U.S. and also countries like Greece and and Spain. Europe is again on the brink of collapse, and it is making money investors nervous.

April through to May this year were mentioned as months in which investors are likely to see yields spread for bonds. More problems are surfacing, inflation fears are circulating and things are looking grim. Nervous investors have learnt from the past and know that commodities such as gold and silver always do well in times of economic hardship.

The trends are suggesting another round of quantitative easing is also on the way. Which means that the debt crisis has not been solved. In fact debt levels are now so bad, the government cannot keep up with the interest repayment. That is not a good situation and with the U.S. dollar likely to weaken or lose strength, again that is favoring gold to be the best investment of 2012.

Incoming search terms:

• best investment 2012
• best investment for 2012
• what is best investment in 2012

Have a filing system – Come up with a filing system where you can categorize your finances. It is essential to have everything cataloged. For instance, bills, receipts, bank statements, insurance, etc. The easiest way to go about this is recording each item by date.

Computer technology can simplify everything – A lot of transactions take place online. You can now make bill payments, deposits and money transfers using the internet. To simplify it even further, you can automate your bill payments. This ensures that your bills are always paid on time. The same can be applied to a savings account. Make automatic money transfers every month to your savings. This is an easy way to have money put aside. Once a transaction is finalized, you will receive a notification confirming this. The same goes for any paid bills. Be sure to save these notices in your filing system for your records.

Observe your credit score – Good credit can afford you a lot of financial opportunities. To attain this, do away with dormant accounts and keep only those that are active. On the other hand, do not have too many active accounts. You should have manageable accounts that you can safely and easily keep track of. This will also enable you to supervise your personal finances efficiently. Apply for credit cards wisely. In fact, one or two is enough.

Always have a budget – Make a budget for all your expenses; shopping, entertainment, food, etc. It’s is important to have this so that you do not overspend. Be sure to adhere to the budget. Always note down your expenses in your filing system.

Shred confidential documents – Any confidential documents that you want to toss out, do so by shredding. This is sensitive information that you do not want falling in the wrong hands. Likewise, ensure you take security measures for all your online transactions. Install necessary software on your computer to block malware and hackers. Identity theft is a security breach that can cost you dearly so, take all necessary measures. Lastly, retain your passwords and keep them safe. You need these to log on and view your records.

Organizing your personal finances is no hassle. A bit of organizational skills and some responsibility will see you remain financially astute.

1st Expertise
In your journey you have completed various areas of schooling, specific achievements, goals or have become a dynamic speaker or writer. These are great areas to share with your new and future connections. There are helpful profiles to use that will guide you where to put enter this information. You are building your profile online that give you flexibility on how and where to use it.

2nd Leverage
You can leverage your resources and connections as you are building your profile. Add new connections or LinkedIn can recommend connections to you, as your build your profile industry you belong to will be matched with connections in the database. Having only 50 to 100 connections can yield you great impact into connections of others, option is available to via 2nd and 3rd connections of your initial first connection.

3rd Recognition
Having Award and Achievement to enhance your profile, winning sales awards, completing certification courses to volunteering for organizations these are recognition based events that are important in your journey of success.

4th Groups
There are various individual groups you can join specific to your industry that you can join. Most of them are free and few of them are permission based. You want to keep up-to-date and get weekly reminders you can set it up with a few clicks.
You can also post comment and feedback to comments being made on various subject and use your expertise to show your knowledge on various topics.

5th Book reviews
There is great feature where you can share insight on books you have read or you are going to read. You can add mini-report and even add you comment on Amazon.com for book you really enjoyed!

LinkedIn is a big program that has many areas to use. The above are recommendations that I have sharing through numerous conversations and speak engagement that I have completed. Feel to do your own research of other areas in this great program.

There are many resources online that you can access that will give you more information and insights strategic areas that can improve your profile to attract new clients, customers or job offers in your community.