Sembawang Personal Loan

Posted by admin
on March 19, 2020

Sembawang is the North Region of Singapore with well planning residential town. In any matter, you require personal loans just looking to trusted licensed money lender in Sembawang– Quick Credit Pte Ltd. We comprehend the moment you urge for money for emergency expenses or the accomplishment of commitments. Therefore, we are simplifying the loan process so you can get cash within 60mins.

On the other hand, we also know that people search for a licensed moneylender company that’s reliable and provide low-interest rates, especially in some other areas. Therefore, Quick Credit offer services in other areas of Sembawang.

Sembawang Personal Loan

Advantages of applying for a personal loan from Quick Credit:

  1. You can get the lowest interest charge from Quick Credit.
  2. Custom made loan package that suits for borrower’s need.
  3. Flexible monthly repayment schedule that fits one’s paying capacity.
  4. Our experience staff explains every single term of detail.

Quick Credit Licensed Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, you can make use of the money to pay off the hospitalization fees, home renovation, wedding expenses, etc.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your current house and purchase of a new house.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there is unexpected usage.

How to Never Retire

You must have seen people around you leaving their jobs or business after a certain age, mostly between 55 to 70 years of age. You too can consider doing the same. However, never retiring is a better option. When you never retire you are obviously financially independent for a few more years of life and will be able to look after your expenses on your own. Also, being active and doing something you love will keep you happy and content. So how do you never retire? Here’s how.

Work Hard Today

You must have heard people say that it’s better if you work hard today so that you can bore sweet fruits later. This is true. If you work hard till the age of 30 years or 40 years and can save a considerable amount now, there won’t be any need for working too hard after retiring. Till the age of 30-40 years, you are physically and mentally fit to put a lot of effort and work hard to secure future for yourself and your family. As you grow older, you will be less capable of working hard as much as now, and that’s the sad truth of life. Therefore, make the best use of this age and work as much as you can. And by working, we don’t just mean working but also saving as much as you can. Don’t wait till you are 70 years old and then regret not working hard and saving enough. You can rest and enjoy life after actually retiring as you can use your savings to live the rest of your life happily.

Plan Your Retirement

Wise is the person who prepares himself for the future. If you get options to double or even triple your savings and give high returns after your retirement, nothing can be better than that. But for that to happen, you will have to plan your post-retirement period well and make as many investments as possible. Firstly, invest in the Central Provident Fund (CPF) so that you can invest and not touch the same for 55 years. Your money will not only be safely locked for 55 years, but you will also get interested on that amount. Invest in mutual funds and insurance policies with long-term tenure that mature after your retirement. There are few instruments that you can invest in such as fixed income, stock, bonds, mutual funds, ETFs, REITs, CPF life, annuities, or just retirement plans offered by insurance companies. When you diversify your instruments, you lower the risk of facing any losses.

Work Till You Can

The more time you work for, the better it will be for you. As we already talked about those many benefits of never retiring, you can see how remarkable the difference it can have on your life. You will be financially independent for a few more years of your life and will be able to put more dollars into your savings. Nobody said you must retire at the age of 55 or 60 years of age. If you are healthy and you feel like working, you can continue with the work till your 80’s, or even more. The foremost thing you must consider is your health. Make sure you are mentally and physically fit to commute, work, and take the daily pressure of your work. If you feel it is becoming too much for you to handle, consider quitting your job or business then. But, DO NOT stop working just because you are nearing the usual retirement age. All your friends may do it and try to convince you for the same, but remember that you have to think about your old age, your life after retirement, and your loved ones.

Start a Home-based Business

The motive should be not to stop working for as long as you can. And if you think that you can’t commute to your workplace and deal with the daily grind, you can start your home business as well. If you are already running a business, you can take a branch of it at home and function from your home or any other place where you’ll be comfortable. If you don’t run any business and do a job, maybe it’s now time to fulfil your dream. After retiring, you can consider starting a business of your own that you always wanted. If you ever wanted to start your own E-commerce website, you can do it after leaving your full-time job. Or if you had any other dreams, you know when is the best time to turn them into reality. Starting your business will not only give you financial security for a longer period, but it will also keep you occupied most of the time. And not to forget, you will be proud of owning a business and fulfilling all your dreams. But again, keep your health and comfort the first and second priority.

Build Your Passive Income

Not everybody wishes to own a business. If you are one of them, there’s another option for you. Instead of starting a business, you can look for passive income options that will also keep you occupied and financially covered. You can Google, and you’ll find tonnes of passive income options available. Start filling up online surveys to make a few dollars or start a meal delivery service. If you are an expert at something, say mathematics or cooking, you can conduct classes for the same. If you love kids, think of babysitting as well. Or you can get inspired by the movie The Intern and think of going back to the office life, maybe as a freelancer or an intern. Just like these, there are a lot of options available.

“Retirement” is just a term that can put a comma on your life. If you want to live your life just the way you always did, or if you wish to do everything that you couldn’t do during your life due to various responsibilities, your age shouldn’t limit you. So, be ready to enjoy the advanced level of your adulthood and never retire in life.


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Bukit Panjang Personal Loan

Posted by admin
on March 19, 2020

Bukit Panjang is the  West Region of Singapore with well planning residential town. In any matter, you require personal loans just looking to trusted licensed money lender in Bukit Panjang – Quick Credit Pte Ltd. We comprehend the moment you urge for money for emergency expenses or the accomplishment of commitments. Therefore, we are simplifying the loan process so you can get cash within 60mins.

On the other hand, we also know that people search for a licensed moneylender company that’s reliable and provide low-interest rates, especially in some other areas. Therefore, Quick Credit offer services in other areas of Bukit Panjang.

Advantages of taking a loan from Quick Credit:

  1. You can find the lowest interest charge from Quick Credit.
  2. Flexible loan package to design for everyone.
  3. Simple monthly repayment plans that fit one’s paying capacity.
  4. Our experience staff explains every single term of detail.

Quick Credit Licensed Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, you can make use of the money to pay off the hospitalization fees, home renovation, wedding expenses, etc.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your current house and purchase of a new house.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there are unexpected expenses.

7 ways to get out of debt this year

There are countless reasons why people in Singapore fail to clear their debts. The most common reason is that people don’t have enough funds at the right time to repay their debts and the amount gets accumulated to become a significant debt. But we will share some amazing hacks with you that will help you get out of your debt this year. Here’s how you need to get started.

4.   Prioritize Debts with the Highest Interest Rate

It is common sense that if you have multiple debts in your name, you should clear the one with the highest interest rate. You must know that now or later, you will have to clear the debts if you want to have a good credit score. Debts with a higher rate of interest will only add up to your pain as you will end up paying more and more every month. If you are unable to clear all your debts at once, leave the ones with the lesser interest rate for later. That way, lesser money will be accumulated that you will have to pay off later.

In most cases, your credit card repayments will have the highest interest rate. Think about clearing it first. Also, try controlling your purchases with the card to avoid higher debt accumulation.

5.   Pay Off Whenever Possible

It is very easy to have extra cash in hand when you get bonuses, incentives, or insurance money. Rather than using this amount for living a luxurious life or buying something big, you can use it to pay off your debts. You can ask your bank or creditor about their terms for early repayments. And as you know, when you get your bonus, pay the debt which has the highest interest first.

In another scenario, if your salary has increased, you can consider paying more every month. You can ask your creditor if it’s possible to make the monthly installments larger so you can pay it off faster and save on the unnecessary interests.

6.   Talk to Your Bank

If you owe money to your bank against a credit card or an outstanding bill to pay, you can try for this method. You can talk to your bank and request them to give you some more time or help you out with a plan-B. Although your relationships with your bank aren’t very great at this moment, banks may offer alternative options for you to settle your outstanding credit card bills and unsecured debts through instalments. If yours is one of those co-operative banks, clearing your debt will become much easier. Some banks may help you alternatives because even they want the money, and by converting your debt amount into installments, they will earn more interest.

7.   Opt for a Debt Consolidation Plan

If your debt amount exceeds 12 times your monthly income, you may be eligible for a Debt Consolidation Plan (DCP). This is a facility by the Association of Banks in Singapore (ABS) that allows you to consolidate what you owe to different creditors with one of the 14 DCP participating institutions at a lower interest rate, with a schedule of fixed monthly repayment installments payable until you fully clear all your outstanding debt. The best part is that these installments will be determined at a low-interest rate when compared to the interest rate you had before. This facility will also help you manage and clear your debts without much pressure on your head.

However, to be eligible for DCP, you will have to:

  • Be a Singaporean Citizen or Permanent Resident
  • Earn between S$20,000 and S$120,000 per annum
  • Have interest-bearing unsecured debt on all credit cards exceeding 12 times of your monthly income

As you can see, there are several ways to get out of your debt. You need to have the mindset that getting out of debt is simple but not easy, so you cannot afford to slack. So just think smartly, prioritize the debts, do a little cash planning, and you will be able to tackle the debt without worrying much. It is easier than you think!

read the less of way to get out of debt in another article


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Woodlands Personal Loan

Posted by admin
on March 19, 2020

Woodlands is the  North Region of Singapore with well planning residential town. In any matter, you require personal loans just looking to trusted licensed money lender in Woodlands– Quick Credit Pte Ltd. We comprehend the moment you urge for money for emergency expenses or the accomplishment of commitments. Therefore, we are simplify the loan process so you can get cash within 60mins.

Besides that, we also know that people search for a licensed moneylender company that’s reliable and provide low-interest rates, especially in some other areas. Therefore, Quick Credit offer services in other areas of Woodlands.

Advantages of Quick Credit loans:

  1. We offering various types of loans with low-interest rates.
  2. Adaptable loan tenure to fulfill every borrower’s needs.
  3. Simple monthly repayment plans that fit one’s paying capacity.
  4. The kindly staff explains every single term of detail.

Quick Credit Licensed Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, you can make use of the money to pay off the hospitalization fees, home renovation, wedding expenses, etc.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your current house and purchase of a new house.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there are unexpected expenses.

7 ways to get out of debt this year

There are countless reasons why people in Singapore fail to clear their debts. The most common reason is that people don’t have enough funds at the right time to repay their debts and the amount gets accumulated to become a significant debt. But we will share some amazing hacks with you that will help you get out of your debt this year. Here’s how you need to get started.

1.   List Down All Your Debts

Before actually thinking of how to pay off your debts, you must first make a list of all the debts you have. This is because you want to know exactly how much you owe each creditor. When you can clearly see the amount you owe and the number of people you owe it to, it will help you to design a better strategy to tackle the debts. You may miss out on repaying debts if you don’t have a written list.

2.   Calculate Your Budget and Debt-Income Ratio

Begin by creating a budget showing your income and expenditure for each month. This way, you can allocate your scarce resources more effectively. Designing a budget will also give you an idea about those expenses that you can cut down on or completely get away with.

When you have a budget in place, you must also determine your debt-income ratio. Ideally, the ratio of your debt and income should never exceed 35%. In other words, every month, 35% of your income should go to your debts and it should not go over that. Because anything more than that will disable you from paying all your dues. So, if you intend to take a new loan or credit card, see to it that the installments, along with your past obligations, don’t go over 35%. It is always best to avoid taking any new loan before settling your past repayments.

3.   Be Ready

The significant step towards tackling your debt is by accepting that you have a problem. And to get away from the problem, you will have to sacrifice a bit and put a lot of effort. Hence, be ready to cut down on your expenses. If you continue living a posh life with all the major expenses, you will have a tough time tackling your debt. So, start comparing goods and services available in the market and opt for the less expensive ones without compromising on the quality or features. Also, reduce spending on non-essentials like going out and entertainment until you have your finances back in control. These minor steps will leave you with more money in hand at the end of every month, that you can use to pay off your debt amount.


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Choa Chu Kang Personal Loan

Posted by admin
on March 18, 2020

Choa Chu Kang has located West of Singapore with well planning residential town. In any case, you require urgent cash just approaching to best licensed money lender in Choa Chu Kang– Quick Credit Pte Ltd. We comprehend the urge for money for emergency expenses or the accomplishment of commitments. In the event, you need funds for your wedding, vacations or even in an emergency situation we provide several moneylender services with low and competitive interest rates.

Besides that, we also know that people search for a licensed moneylender company that’s reliable and provide low-interest rates, especially in some other areas. Therefore, Quick Credit strive to offer services in other areas like Choa Chu Kang.

Choa Chu Kang

Advantages of Quick Credit loans:

  1. We offering various types of loans with low-interest rates.
  2. Adaptable loan tenure to fulfill every borrower’s needs.
  3. Simple monthly repayment plans that fit one’s paying capacity.
  4. The kindly staff explains the loan term in detail.

Quick Credit Licensed Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, you can make use of the money to pay off the hospitalization fees, home renovation, wedding expenses, etc.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your current house and purchase of a new house.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there are unexpected expenses.

Several Steps to Build Your Financial Portfolio

Running a startup or a small business comes with great responsibility. As the business owner, you need to focus on the expansion and growth of the business. Many times you might become so involved in the business activities that you may forget to create your own financial portfolio. You need to know that it is important to create a financial portfolio so that you can have a one-stop solution to build wealth beyond your regular income.

Calculate the Percentage of the Portfolio in Each Asset Class

The asset class is nothing but breaking down the buckets into sub-buckets. For instance, if you have decided to invest 40% of your money in stocks, you can split the money by 25% in the Singaporean market and 10% in the international market.

  • 40% of stocks
  • 25% Singaporean stocks
  • 10% of the developed markets (international)
  • 5% of emerging markets (international)

Calculating the buckets is simple. The total of each group is divided into the portfolio. If you have too many assets, you can reduce the number of breakdowns.

Calculate the Difference for Each Asset Class

When you self-assess the portfolio, you have a far off plan to understand where you are standing financially. You need to simply calculate the returns of these investments and their difference caused due to the volatility of the market. For instance, if you have got 5% returns in scrap, you may use that to invest in the stock market or cover some additional expenses.

Set Financial Goals

Since you have listed down the assets and liabilities, you need to set some financial goals that you want to achieve. When you have your financial goals in place, you will have a clear thought about the right instruments that you want to invest. For instance, you need to buy a building for your business in the long run, you would need long-term or medium-term instrument that will help you purchase a building after a specific period. When your goals are clear, you pick the right instruments that fulfill your goals. Ask yourself these questions to get a clear view:

  • How big is my portfolio?
  • What is my risk appetite?
  • Is my portfolio diverse enough to protect me and my business from any type of market volatility?
  • Can I stick to my investment plan?
  • How long should I plan to hold on to the securities in my portfolio?

Be Patient and Disciplined

Once your goals are set and your investment options are clear, it calls for consistency and regularity with the decisions that you have taken to achieve those goals. Review your portfolio from time to time and make sure to rebalance it every year or month to know your performance and compare it accordingly. Pick an investment option of instruments that have monthly options to help you achieve the returns that you are expecting at the end of the period.

Though your business needs you, your personal finance should support you and business, making it just as important as your business’s growth. So make your financial portfolio today!


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Dover Personal Loan

Posted by admin
on March 18, 2020

Dover has located Central of Singapore with well planning residential town. In the event, you need urgent cash just approaching to best licensed money lender in Dover – Quick Credit Pte Ltd. We comprehend the urge for money for emergency expenses or the accomplishment of commitments. In the event, you need funds for your wedding, vacations or even in an emergency situation we provide several moneylender services with low and competitive interest rates.

Besides that, we also know that people search for a licensed moneylender company that’s reliable and provide low-interest rates, especially in some other areas. Therefore, Quick Credit strive to offer services in other areas like Dover.

Characteristic of Quick Credit loans:

  1. We offering various types of loans with low-interest rates.
  2. Adaptable loan package to fulfill every borrower’s needs.
  3. Simple monthly repayment plans that fit one’s paying capacity.
  4. The kindly staff explains the loan term in detail.

Quick Credit Licensed Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, you can make use of the money to pay off the hospitalization fees, home renovation, wedding expenses, etc.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your current house and purchase of a new house.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there are unexpected expenses.

Several Steps to Build Your Financial Portfolio

Running a startup or a small business comes with great responsibility. As the business owner, you need to focus on the expansion and growth of the business. Many times you might become so involved in the business activities that you may forget to create your own financial portfolio. You need to know that it is important to create a financial portfolio so that you can have a one-stop solution to build wealth beyond your regular income.

Calculate the Percentage of the Portfolio in Each Asset Class

The asset class is nothing but breaking down the buckets into sub-buckets. For instance, if you have decided to invest 40% of your money in stocks, you can split the money by 25% in the Singaporean market and 10% in the international market.

  • 40% of stocks
  • 25% Singaporean stocks
  • 10% of the developed markets (international)
  • 5% of emerging markets (international)

Calculating the buckets is simple. The total of each group is divided into the portfolio. If you have too many assets, you can reduce the number of breakdowns.

Calculate the Difference for Each Asset Class

When you self-assess the portfolio, you have a far off plan to understand where you are standing financially. You need to simply calculate the returns of these investments and their difference caused due to the volatility of the market. For instance, if you have got 5% returns in scrap, you may use that to invest in the stock market or cover some additional expenses.

Set Financial Goals

Since you have listed down the assets and liabilities, you need to set some financial goals that you want to achieve. When you have your financial goals in place, you will have a clear thought about the right instruments that you want to invest. For instance, you need to buy a building for your business in the long run, you would need long-term or medium-term instrument that will help you purchase a building after a specific period. When your goals are clear, you pick the right instruments that fulfill your goals. Ask yourself these questions to get a clear view:

  • How big is my portfolio?
  • What is my risk appetite?
  • Is my portfolio diverse enough to protect me and my business from any type of market volatility?
  • Can I stick to my investment plan?
  • How long should I plan to hold on to the securities in my portfolio?

Step 6. Be Patient and Disciplined

Once your goals are set and your investment options are clear, it calls for consistency and regularity with the decisions that you have taken to achieve those goals. Review your portfolio from time to time and make sure to rebalance it every year or month to know your performance and compare it accordingly. Pick an investment option of instruments that have monthly options to help you achieve the returns that you are expecting at the end of the period.

Though your business needs you, your personal finance should support you and business, making it just as important as your business’s growth. So make your financial portfolio today!


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Clementi Personal Loan

Posted by admin
on March 18, 2020

Clementi is located in the West region of Singapore with well planning residential town, there are some shopping malls and hawker food. For any reason, you need urgent cash just approaching the best-licensed money lender in Clementi– Quick Credit Pte Ltd. We comprehend the urge for money for emergency expenses or the accomplishment of commitments. In the event, you need funds for your wedding, vacations or even in an emergency situation we provide several moneylender services with low and competitive interest rates.

Besides that, we also know that people search for a licensed moneylender company that’s reliable and provide low-interest rates, especially in some other areas. Therefore, Quick Credit offers services in other areas like Clementi.

Clementi Personal Loan

Characteristic of Quick Credit Personal Loans:

  1. We offering various types of loans with low-interest rates.
  2. Adjustable loan tenure to fulfill every borrower’s needs.
  3. Simple monthly repayment plans that fit one’s paying capacity.
  4. The kindly staff explains the loan term in detail.

Quick Credit Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, you can make use of the money to pay off the hospitalization fees, purchase new gadgets, wedding expenses, etc.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your current house and purchase of a new house.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there are unexpected expenses.

9 Big ETF Mistakes You Must Stop Making

Exchange Traded Funds (ETF) are very popular for investors in Singapore. Due to their low cost, transparency, tax efficiency, and easy tradability, investors are now choosing ETFs as one of the investment options in their portfolio. But, they are many people who do not have a clear idea about ETFs. Therefore, we are listing down some of the mistakes that will help the investors to avoid them and become more successful ETF investors.

Mistake 1: Ignoring the Expense Ratio

Some of the investors assume that all ETFs are low-cost instruments and quickly fail to see the fees charged by an ETF. When you look for an ETF within a given segment, you tend to ignore the fee differences that your strategies might fail. ETFs are so popular because of the competitive expense ratios charged relative to the traditional actively-managed mutual funds. In simpler words, the more complex or granular the exposure is, the higher is the expense ratio. The expense ratio plays an important role in the returns in the long-term. The easiest way to spot the differences in the expense ratio is to look beyond the price tag and consider all the variations such as index tracking, trading costs, and underlying cost exposure. For investors who are looking to minimize the expenses, you may consider switching from mutual funds to ETFs. But, for those who want to cut down the costs, comparing the expense ratios is the next step.

Mistake 2: Buying Above its NAV

ETFs usually trade at fair prices which are intrinsic or aggregate of the holdings. But, there are times when the ETFs’ prices deviate from their Net Asset Value (NAV), and they can be traded at a premium or discount to their NAVs. If you buy an ETF when it is trading at a premium, you can incur losses when you sell the ETF if the premium crashes.

Mistake 3: Buying the Newest Trendy ETF

There are almost more than 100 new ETF products launched each year. Many investors chase the latest and trendy ETFs without researching about them and buy them. Though purchasing the latest ETF can give you good returns, you need to ensure that these new products do not affect you much in future. The new ETF products are introduced in the market after they have a run-up. Therefore, when you buy the ETF while they are at the top of the market, you might have a hard time when they don’t perform well in the future. Hence, track, research, and analyze the performance before you purchase an ETF.


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Jurong West Money Lender

Posted by admin
on March 18, 2020

Jurong West has located East of Singapore with well planning residential town. In the event, you need Personal Loan just approaching to best licensed money lender in Jurong  West– Quick Credit Pte Ltd. Quick Credit is always ready to giving help hand. In the event, you need funds for your wedding, vacations or even in an emergency situation we provide several moneylender services with low and competitive interest rates.

Jurong West Personal Loan

Characteristic of Quick Credit loans:

  1. Offering various types of loans with competitive interest charges.
  2. Adjustable loan tenure to fulfill every borrower’s needs.
  3. Simple monthly repayment plans that suitable borrower’s paying capacity.
  4. The term in the contract will explain in detail by the experienced staff.

Quick Credit Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, you can make use of the money to pay off the hospitalization fees, purchase new gadgets, wedding expenses, etc.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your current house and purchase of a new house.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there are unexpected expenses.

How Do You Measure Your Financial Progress

You have daily spendings that you need to take care of. So, here we provide some insights on how to measure your financial progress, so you would know how much are you spending and saving.

Savings

Savings are also an important aspect to check your financial progress. You will have a savings account where you can check how much you are saving. Then there are some saving plans like for emergency funds or retirement savings plans. Keep in check that how much are you saving annually.

You are working hard to save for your retirement or to achieve some goal. But make sure you have an efficient amount of savings in your account. Savings should be enough to hold you if in case you have to leave your job for some reason.

The more money you save for your retirement plan, the more happy returns you will have in the future. Don’t stay unconcerned about your future; start planning on it. The more you save, the more you will progress financially.

Credit Cards

Credit cards are something that most of the Singaporeans hold with them and spend with them. The more you use eventually, the more will be the bill payment. Credit cards hold high-interest rates n them that can be difficult for a person to repay. So make it a point that you spend your credit card amount in a limit and pay your credit card loans in due time.

Credit card payments add high-interest rates after the due date of paying the bill is crossed. Your credit score gets low, which should not be the case. High credit score and paying your credit debts in time are the signs of progressing financially.

Comparing

After all, to see how much have you progressed in society, you can compare yourself with society. Compare yourselves financially with friends, family, and neighbors. Comparing yourself doesn’t mean to envy and feel depressed yourself. It is just seeing what am I capable of accomplishing the things that others have accomplished financially.

Sit and think about what the things that you want, you are affordable to buy but cannot. See how others have achieved those financially, compare how you can achieve that and go on. It is not a race or competition with others. It is to see how you can become more financially stable by learning from others.

People rely heavily on money to achieve their goals. Money is a necessity and to use it adequately is a trick that people should know how to practice. We have enlisted these measures for you to see where you stand and what more you are capable of.


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Jurong East Personal Loan

Posted by admin
on March 18, 2020

Jurong East has located East of Singapore with well planning residential town. In the event, you need Personal Loan just approaching to best licensed money lender in Jurong  East– Quick Credit Pte Ltd. Quick Credit is always ready to giving help hand. In the event, you need funds for your wedding, vacations or even in an emergency situation we provide several moneylender services with low and competitive interest rates.

jurong east personal loan

Characteristic of Quick Credit loans:

  1. Offering various types of loans with competitive interest charges.
  2. Adjustable loan tenure to fulfill every borrower’s needs.
  3. Simple monthly repayment plans that suitable borrower’s paying capacity.
  4. Contract term will explain in detail by the experienced staff.

Quick Credit Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, you can make use of the money to pay off the hospitalization fees, purchase new gadgets, wedding expenses, etc.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your current house and purchase of a new house.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there are unexpected expenses.

How Do You Measure Your Financial Progress

You have daily spendings that you need to take care of. So, here we provide some insights on how to measure your financial progress, so you would know how much are you spending and saving.

Savings

Savings are also an important aspect to check your financial progress. You will have a savings account where you can check how much you are saving. Then there are some saving plans like for emergency funds or retirement savings plans. Keep in check that how much are you saving annually.

You are working hard to save for your retirement or to achieve some goal. But make sure you have an efficient amount of savings in your account. Savings should be enough to hold you if in case you have to leave your job for some reason.

The more money you save for your retirement plan, the more happy returns you will have in the future. Don’t stay unconcerned about your future; start planning on it. The more you save, the more you will progress financially.

Credit Cards

Credit cards are something that most of the Singaporeans hold with them and spend with them. The more you use eventually, the more will be the bill payment. Credit cards hold high-interest rates n them that can be difficult for a person to repay. So make it a point that you spend your credit card amount in a limit and pay your credit card loans in due time.

Credit card payments add high-interest rates after the due date of paying the bill is crossed. Your credit score gets low, which should not be the case. High credit score and paying your credit debts in time are the signs of progressing financially.

Comparing

After all, to see how much have you progressed in society, you can compare yourself with society. Compare yourselves financially with friends, family, and neighbors. Comparing yourself doesn’t mean to envy and feel depressed yourself. It is just seeing what am I capable of accomplishing the things that others have accomplished financially.

Sit and think about what the things that you want, you are affordable to buy but cannot. See how others have achieved those financially, compare how you can achieve that and go on. It is not a race or competition with others. It is to see how you can become more financially stable by learning from others.

People rely heavily on money to achieve their goals. Money is a necessity and to use it adequately is a trick that people should know how to practice. We have enlisted these measures for you to see where you stand and what more you are capable of.


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Jurong Personal Loan

Posted by admin
on March 18, 2020

Jurong has located West of Singapore with well planning residential town. In the event, you need Personal Loan just approaching to best licensed money lender in Jurong – Quick Credit Pte Ltd. We always ready to giving help hand. In the event, you need funds for your wedding, vacations or even in an emergency situation we provide several moneylender services with low and competitive interest rates.

Besides that, we also know that people search for a licensed moneylender company that’s trustworthy, location and provide competitive interest rates.

Jurong Personal Loan

Characteristic of Quick Credit loans:

  1. We offering various types of loans with low-interest charge.
  2. Adjustable loan tenure to fulfill every borrower’s needs.
  3. Simple monthly repayment plans that suitable borrower’s paying capacity.
  4. The kindly staff explains the loan term in detail.

Quick Credit Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, you can make use of the money to pay off the hospitalization fees, purchase new gadgets, wedding expenses, etc.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your current house and purchase of a new house.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there are unexpected expenses.

How Do You Measure Your Financial Progress

You would have started saving money for a long time. Has made your debt and loan payments for credit cards or anything before the time. Used your bonus adequately with saving some amount and spending some. And you may have a high income, but how much do you save for yourself annually. Is that leading to make you financially successful every? Have you asked yourself this question? Well, if not, then this is the time you ask the question to yourself and find the answers. Being successful financially is essential in current times. You have daily spendings that you need to take care of. So, here we provide some insights on how to measure your financial progress, so you would know how much are you spending and saving.

Net Worth

One of the most crucial things that can’t be ignored when measuring your financial progress is to see your net worth. Calculating your net worth lets you know about where you stand in your financial progress. If wondering how to calculate your net worth, it is very simple.

First of all, list down all of your assets. Assets are what you own, the things that have substantial values. Assets can be like your insurance policy, savings account, checking account, any vehicle that you own, or your home if you own it. Income is not your net worth that is cash flow.

After listing the assets, list down your liabilities. Liabilities are what you have owed from someone and paying for it. Your liabilities can be like, personal loans, car loans, credit card balances, student loans, or tax liability.

After listing both down, subtract liabilities from assets, and the amount remaining will be your net worth. Your net worth can be positive or negative. Net worth below 0 means you have no net worth with the burden of debts, but if you want to make a good net worth making sure you clear your debts on time. And have a huge number in positive.

Debt-to-Income Ratio

Calculating the debt-to-income ratio is another essential part that you should look after your net worth. Remember, your debt-to-income ratio is not included in your net worth; it is distinguished. You calculate the debt to-income-ratio by calculating all of your debt payments and dividing them with your monthly gross income.

To understand the debt-to-income ratio here, we provide an example. Assume you have a monthly income of $10,000, and your total debt payments add to $3,400. So now you will divide debts with total income, that is, $3,400/$10,000 = 0.34. So, you get a debt-to-income ratio of 34 percent.

Many experts believe that having a debt-to-income ratio of 30 percent and above is high. You need to take care of your finances. If your ratio is touching 40-50 percent, then you should start worrying and take steps to reduce the ratio percentage.

The high debt-to-income ratio is an important aspect of credit ratio, and people see your debt-to-income ratio before giving you a new credit card. Your income is probably low, and your debts are high, so you can opt for a side work that would help you to gain more income and that would eventually help to pay your debts.


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Sembawang Money Lender

Posted by admin
on March 18, 2020

Sembawang has located north of Singapore with well planning residential town. In the event, you need urgent cash just approaching to best licensed money lender in Sembawang – Quick Credit Pte Ltd. We comprehend the urge for money for emergency expenses or the accomplishment of commitments. In the event, you need funds for your wedding, vacations or even in an emergency situation we provide several moneylender services with low and competitive interest rates.

Besides that, we also know that people search for a licensed moneylender company that’s reliable and provide low-interest rates, especially in some other areas. Therefore, Quick Credit strive to offer services in other areas like Sembawang.

Sembawang Money Lender

Characteristic of Quick Credit loans:

  1. We offering various types of loans with low-interest rates.
  2. Adjustable loan tenure to fulfill every borrower’s needs.
  3. Simple monthly repayment plans that fit one’s paying capacity.
  4. The kindly staff explains the loan term in detail.

Quick Credit Moneylender Services

  1. Personal Loan is designed to meet your individualistic needs, you can make use of the money to pay off the hospitalization fees, purchase new gadgets, wedding expenses, etc.
  2. Bridging loan is a short-term loan, e.g. you are in the process of selling your current house and purchase of a new house.
  3. Business Loan is specially created for SME entrepreneurs in Singapore. They can make use of the loan to expanding their business.
  4. Payday Loan is to assist you when there are unexpected expenses.

Several Steps to Build Your Financial Portfolio

Running a startup or a small business comes with great responsibility. As the business owner, you need to focus on the expansion and growth of the business. Many times you might become so involved in the business activities that you may forget to create your own financial portfolio. You need to know that it is important to create a financial portfolio so that you can have a one-stop solution to build wealth beyond your regular income.

Step 3. Calculate the Percentage of the Portfolio in Each Asset Class

The asset class is nothing but breaking down the buckets into sub-buckets. For instance, if you have decided to invest 40% of your money in stocks, you can split the money by 25% in the Singaporean market and 10% in the international market.

  • 40% of stocks
  • 25% Singaporean stocks
  • 10% of the developed markets (international)
  • 5% of emerging markets (international)

Calculating the buckets is simple. The total of each group is divided into the portfolio. If you have too many assets, you can reduce the number of breakdowns.

Step 4. Calculate the Difference for Each Asset Class

When you self-assess the portfolio, you have a far off plan to understand where you are standing financially. You need to simply calculate the returns of these investments and their difference caused due to the volatility of the market. For instance, if you have got 5% returns in scrap, you may use that to invest in the stock market or cover some additional expenses.

Step 5. Set Financial Goals

Since you have listed down the assets and liabilities, you need to set some financial goals that you want to achieve. When you have your financial goals in place, you will have a clear thought about the right instruments that you want to invest. For instance, you need to buy a building for your business in the long run, you would need long-term or medium-term instrument that will help you purchase a building after a specific period. When your goals are clear, you pick the right instruments that fulfill your goals. Ask yourself these questions to get a clear view:

  • How big is my portfolio?
  • What is my risk appetite?
  • Is my portfolio diverse enough to protect me and my business from any type of market volatility?
  • Can I stick to my investment plan?
  • How long should I plan to hold on to the securities in my portfolio?

Step 6. Be Patient and Disciplined

Once your goals are set and your investment options are clear, it calls for consistency and regularity with the decisions that you have taken to achieve those goals. Review your portfolio from time to time and make sure to rebalance it every year or month to know your performance and compare it accordingly. Pick an investment option of instruments that have monthly options to help you achieve the returns that you are expecting at the end of the period.

Though your business needs you, your personal finance should support you and business, making it just as important as your business’s growth. So make your financial portfolio today!


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