Real Estate Investing – Can You Make It Work?

Real estate investing is one of the hottest and most lucrative types of investing today. With hundreds of people realizing the potential in this type of investing, more and more people are venturing into it. Yet, there are risks that go hand in hand with investing in real estate.

If you don’t know enough about this type of investment plan, you may make mistakes that can cost you a considerable amount of time and money.

Education Is The First Step

Not only do you need to educate yourself about real estate investing procedures and methods, but you should be educating yourself about the property you plan to invest in. If you are determining the right location, you may be tempted to just pick land or buildings that are located in hot spots, but sometimes, that can be a bad thing.

For example, many areas of Southern Florida are facing a crucial downhill slide currently with over investing taking over. Yet, there are plenty of areas that are booming such as in the Midwest. Selecting the right area means doing your homework on the real estate market in those areas.

Financing To Back It Up

It is also essential for you to have the financing to help back up the real estate investing you plan to do. With some help from the right lenders, you’ll be able to secure a loan that will be allowing you to make money off the purchase of your real estate.

The key is to compare several lenders to get the best possible rates and terms that will allow this to happen. You can easily do this, though, by looking for quotes right on the web and comparing them.

Real estate investing is a smart move to make for the educated individual. Taking the time to gain the knowledge and financial backing that is required helps you to make the right decisions so that every one of those decisions can be profitable to you.

Risk Management News

Risk management is the act or practice of controlling risk. Most businesses re very interested in understanding the ways to control risk. This has created a secondary industry focused on mitigating risk and providing management information that allows business to gain from the knowledge of others who are successful in mitigating risk. As a result there are many trade journals dedicated to risk management information and news. In a constantly changing business environment such news is critical to many companies in taking action to prevent future losses.

This process includes identifying and tracking risk areas, developing risk mitigation plans, monitoring risks and performing risk assessments to determine how risks have changed. Depending on the types of risk involved, it can be further split up into operational, credit and market risk management.

Fierce competition and the widening of consumer bases have encouraged companies to take a greater risk. The concept of ‘no risk no gain’ has taken on a new meaning with the introduction of risk management. Modern companies have the confidence to deal with risks head on and are keener on mitigating rather than avoiding risks.

Businesses have learned to involve more business-focused managers than IT security professionals into their risk management goals. Employees, who understand the complexities of business, are capable of contributing a lot towards risk management. Increasing regulatory pressures has forced companies to expand their risk management teams.

Companies are turning to IT and software to better understand, evaluate and manage these various types of risks. According to a recent survey from Forrester Research, 62 percent of CIOs indicated they already had a company-wide initiative focused on enterprise risk and compliance management.

Most risk management software packages are equipped with tools to help manage product design and manufacturing operations. These help in cutting costs and building quality. They provide standard database functions to add and delete risks, as well as specialized functions for prioritizing and retiring project risks. Each risk can have a user-defined risk management plan and a log of historical events. The tools derive cost, schedule, labor and materials estimates by assessing the interaction and impact of product, organizational and even operational variables.

Many companies are turning to a detailed study of latest trends and tools in the market to prepare themselves for sharper risk management in their businesses.

The Benefits of Alternative Medicine and Radiotherapy

Alternate medicine and radiotherapy are a combination that is growing in popularity. Radiotherapy treatment is normally used in cancer patients, with the most common type known as external beam therapy. This name evolved because the treatment consists of a beam of radiation that comes from a very sophisticated machine. The beam is focused on the part of the body that contains the tumor, and the largest amount of radiation possible is used to kill the cancer cells.

Radiotherapy is very hard on the body. The treatments are short in duration, no more than 10 to 15 minutes. There is no pain involved with these treatments, but the side effects afterwards can be brutal, depending on the individual. Extreme tiredness and nausea, pain, hair loss, and red and tender skin are a few of the most common. The use of alternate medicine and radiotherapy together is indicated when the patient wants natural relief from the ravages of radiation side effects.

Nausea is one of the most severe side effects of radiotherapy treatments. Most of the people who must go through the treatments would do anything to get some relief from the seemingly never-ending sickness. Alternative medicine and radiotherapy research has been done on a test group of cancer patients to determine whether or not acupuncture was effective in diminishing the persistent nausea andomiting. Patients reported that they could tell a dramatic difference in the frequency and amount of nausea they had. Written records were kept by each patient of the times that they were sick, and at the end of the research, these records were collated. The final analysis in this study was that acupuncture is useful in preventing nausea in radiotherapy patients.

Acupuncture has also been tested on groups of alternative medicine and radiotherapy believers to see if it could possibly be of help in the relief of pain, another unwelcome side effect of radiation treatments. Nearly all patients undergoing radiotherapy reported various degrees of pain that was definitely related to their treatments. Acupuncture once again provided to be effective in helping cancer patients undergoing treatments for their condition.

The Chinese medicine called acupressure works well with alternative medicine and radiotherapy in helping cancer patients control nausea. This natural technique involves massaging certain areas on the body, usually just under or on top of the skin. These areas are called acupoints, and they are supposedly interconnected with each other as well as various organs and systems of the body. Devotees to this 5000 year old healing method say that a careful massage in a certain area can stimulate a person's essential life force, which flows from area to area rather like the circulation of blood. A look at an acupressure chart reveals that the areas that control nausea andomiting are directly above the kneecap, on the wrist, and about 2 inches above the wrist. People who have tried acupressure are both surprised and delelled with how quickly it relieves their symptoms.

How to Manage Your Personal Finances – Retirement Capital Requirements

Many articles have been written about the subject of retirement planning and there are many books published by experts on this very important issue. I have just recently joined the fold of the retired group and I have been through the mill (so to speak) of planning and implementing my retirement plan in it's initial phase. It is this, the initial phase, which I would like to concentrate on in this article.

So, how do I plan my retirement date?

Most companies have contractual dates for retirement. For example, retirement ages could range from 55 years old for early retirement to 60 years old for Directors to 65 years old for operational staff. These dates are generally a guideline since companies do exercise some flexibility when applying these parameters. However, each individual should be using these parameters as a benchmark and then build a projected financial model to see if they are adequately provided for in retirement. Note: The use of a financial advisor is highly recommended in this planning process.

Since the above guidelines, your retirement date is in fact flexible provided that you can satisfy the golden formula which is expressed as: "Accrued income plus passive income must exceed your current cost of living plus an adjustment (up or down) for lifestyle choice in retirement plus inflation projections and sufficient liquid cash for emergencies ".

Let's face it, the thought of early retirement is in the minds of all of us but if you can not afford it, you are heading for suicide.

Let me expand the golden formula as follows:

  • Accrued income is the monthly pension or income that you can derive from your pension accumulation through your working life. This figure will be provided to you by your pension fund or your investment institution.
  • Passive income is income from investments that you made through your working life. Here you consider regular income from property investments, equity investments, dividends, savings interest, business partnerships and any other form of reliable income which you will derive on a monthly basis.
  • Current cost of living is the full annual cost of your current lifestyle. Be extravagant in estimating this figure and be sure to include everything that you incur as a cost.
  • Adjust your retirement requirements up or down depending on your circumstances and your intended lifestyle in retirement.
  • Make adequate provision for injury during your retirement years. Your financial advisor should project your retirement capital adequacy over your expected lifespan.
  • Ensure that you have a 'nestegg "of cash available for emergencies such as buying a new car, unexpected medical bills, renovating your house, helping your kids, taking some holidays and anything else which is relevant to your situation.

I spend many hours pondering the above elements and I suppose it is only natural to be very conservative about whether you can actually go ahead and retire. Assuming that the criteria for the golden formula are met and in order to make the decision a little easier, the following points are highly recommended:

  • You should have no heavy debt burdens. Your mortgage should be paid off, your car hire purchase agreements should be settled and you should have no major debt commitments. In fact, you should be able to live from cash out of your wallet.
  • Your "wish list" for your activities in retirement must be catered for in your planned expenditure.
  • You must not have any plans that requires you to erode your capital base.
  • You need to be sure that your monthly income is pretty secure and you need to have alternative plans if for some reason, your monthly income drops.
  • You need to be able to save some of your retirement income monthly just to prove that you are coping.

In this planning exercise, you need to budget for everything that you want in retirement. Once you have taken the step, there is no turning back if you are serious about retiring. You also do not want to find out that you can not afford some of the things which you had in your vision.

In conclusion, the most important factor in planning your retirement is to ensure that your life partner (if appropriate) is fully informed and on board with the plan and that you create a mutual acceptance and arbitration about your future in retirement.

The above article is created to stimulate thought on your own unique circumstances and you need to tailor your plan accordingly.