Tag Archives: after

Finance

Affluent Widow Needs Crash Course in Personal Finance After Husband’s Death

A woman married to a successful, powerful man is often in the dark about her financial affairs. While capable of understanding and managing her finances she lacks experience because her husband took charge of the finances. To get your financial house in order, start with these four crucial steps.

Make an Inventory of your current assets and debts. Your goal is an up-to-date list of all assets and all debts. A list of your current debts is necessary so you know what payments are due and when thereby avoiding missed payments and late fees. The Inventory will also point out whether your assets are titled correctly so you can make any necessary corrections. Your husband may have prepared something similar to this Inventory. If so, your challenge will be to find and interpret it.

Next determine Cash Flow – your monthly income minus your monthly expenses. To calculate Cash Flow, using paper and pencil or a spreadsheet program, list the type and the amount of income you receive each month. If income is received less often (or more often) than monthly, convert the income to its monthly equivalent. Then list the type and amount of each monthly expense. If an expense occurs less often (or more often) than monthly, convert it to its monthly equivalent.

Subtract your monthly expenses from your monthly income. If, after considering all expenses, your Cash Flow is a positive number and there is enough left over for emergencies, you can maintain your current level of spending. If your Cash Flow is a negative number, you must reduce your expenses to an amount that is less than your income and set aside something for emergencies. This will require a ruthless examination of your expenses and an unwavering elimination of all nonessentials. “Feel good” but unnecessary purchases, while emotionally understandable, are financially foolish. Restraint is essential otherwise a financial crisis is guaranteed.

Determine your immediate and future tax responsibilities and consult your tax advisor immediately if:
· Your total assets exceed $ 3,500,000, or
· You will receive a distribution from your husband’s retirement plan, or
· Your husband was self-employed, or
· You and your husband pay quarterly tax payments.

Finally, with the help of a competent financial advisor, project your lifetime financial needs, develop a plan to meet those needs, and then implement the plan. Be sure to pay attention and stay involved. Your financial advisor, as well as your attorney and accountant, must be competent, attentive, accessible and treat you respectfully. Don’t settle for anything less! It’s your money and they work for YOU not the other way around.

For information about a Free 15-minute one-to-one phone call with the Widow’s Advocate, http://www.widowsadvocate.com/affsque.html.

Finance

3 Books to Help Finance Your Projects After Film Courses

You are determined to become a filmmaker. You’ve already taken your first step: applying to film schools. In Canada and abroad, there are many choices. Your life feels ripe with possibility. But you have one fear that haunts you. You wonder if you will really have what it takes after graduation from film courses to make your dreams come true. You have plenty of ideas for movies, that’s for sure. But that doesn’t mean that you know how to finance one. Here are three book ideas to calm these kinds of fears, common amongst new applicants to film schools.

1. 43 Ways to Finance Your Feature Film by John W. Cones

In this book, entertainment lawyer John Cones shares his insider knowledge gleaned from almost two decades helping independent filmmakers navigate the multifaceted world of movie financing. Although the author is based in Los Angeles – where else? – the book includes a discussion of financing from countries other than the United States, and is, therefore, appropriate for new applicants to film schools in Canada and abroad.

This book may turn up on the curriculum of your film courses, but there’s no harm in beginning your research early. Reading on your own increases the likelihood that when you do finally graduate that you will have a firm grounding in such topics as:

industry financing (What is this? It is basically funding by your peers, i.e., other, more established graduates of film schools)
investor financing
lender financing

2. The Fundraising Houseparty: How to Get Charitable Donations From Individuals in a Houseparty Setting by Morrie Warshawski

Although this book could be of use to any kind of fundraiser, it is written with filmmakers in mind. The author explains how graduates of film schools can organize a compelling event, touching on such details as:

planning committees
invitations
food and drink
presentations
thank yous

Warshawski emphasizes the importance of graduates of film courses appealing to the emotions of their potential donors, something to which their craft, fortunately, is uniquely well suited. What is the role of film schools if not to teach students how to appeal to the emotions of their audience?

3. Shaking the Money Tree, 3rd Edition: The Art of Getting Grants and Donations for Film and Video, also by Morrie Warshawski

In this book, Warshawski tackles that topic of supreme interest to staff and students of film schools in Canada and abroad: how to write a winning

grant application. This kind of knowledge can even help students in film schools finance their productions for film courses.

If you are anxiously awaiting a wave of fateful letters from films schools in Canada and elsewhere in the world, calm your nerves by advancing your studies on your own. Who knows, it may help you finance one of your film school’s productions once you finally do get that longed for acceptance letter!

Visit  Trebas Institute for more information on Film Production programs.

Percey Evans is a freelance writer who works for Higher Education Marketing, a leading Web marketing firm specializing in Google Analytics, Education Lead Generation, Search Engine Optimization (SEO), Mobile SMS Alerts, Social Media Marketing and Pay Per Click Marketing, among other Web marketing services and tools.

Finance

Excellent future potential after Masters in Finance

Students usually wonder in regards to what they must do once they’re done using their graduation. Should you too tend to be amongst all of them, you should be confused between numerous post move on and master’s programs. At existing, there is of need for MBA’s within multinational businesses and banking institutions spread all around the globe. MBA is becoming essential for everybody to survive in a organization which means you should cease dreaming in regards to a good work just based on a graduating degree.

If you’re from the commerce history, science background as well as if through arts history, you may still go after MBA within future. There are numerous of colleges that provide MBA to any or all students whereas there are several MBA schools and establishments which need a graduate level in possibly commerce or even science history only. Among the top MBA colleges is actually Indian Start of Administration. There are numerous eligibility criterions that you should know about prior to dreaming of having admission with this college. Aside from this, private universities also have develop some excellent business colleges that additionally promise you to obtain a higher quantity of job bundle. Also, you need to know that you are able to specialize in your interest associated with field such as marketing as well as sales, human being resource administration or financial just whilst pursuing MBA.

Unquestionably, MBA admissions could be a very difficult job for many as everyone really wants to become a good MBA and obtain the greatest job bundle. All the actual students appear to be fighting with one another just to obtain a seat within the best MBA University. So students who’re just interested in neuro-scientific finance possess started choosing Masters in finance that also holds exactly the same value as well as scope because MBA will. Masters within finance prepares you simply for jobs within the finance sector and when you pursue this program from a very reputed organization, you will definitely land up obtaining a job inside a banking organization.

Just because competition is actually increasing daily among students to obtain admission within the best university, the work prospects will also be increasing. MBA provides you with an advantage over all of those other students and so it’s highly important and crucial for any person to choose this program. So for those who have the level from among the best B school as well as possess some good skills, you’ll land up going for a package around Rs. 6-8 Lakhs per year and ultimately have the ability to fulfill all of your materialistic as well as financial needs. So remain updated with the dates associated with launch associated with forms as well as applications so you don’t lose onto filling the actual admissions forms inside a reputed university.

 

For more info on MBA admissions, business schools and MBA in India, please visit us at: http://www.isbf.edu.in

Finance

Great future prospects after masters in finance

Students always wonder as to what they should do once they are done with their graduation. If you too are amongst them, you must be confused between a number of post graduate and master’s courses. At present, there is a lot of demand for MBA’s in multinational companies and banks spread all across the world. MBA has become essential for everyone to survive in any organization and so you should stop dreaming about a good job just on the basis of a graduation degree.

If you are from a commerce background, science background or even if from arts background, you can still pursue MBA in future. There are a number of colleges that offer MBA to all students whereas there are some MBA colleges and institutions which require a graduate degree in either commerce or science background only. One of the top MBA colleges is Indian Institute of Management. There are a number of eligibility criterions that you should be aware about before dreaming of getting admission in this college. Apart from this, private universities have also come up with some great business schools that also promise you to get a higher amount of job package. Also, you should know that you can specialize in your own interest of field like marketing and sales, human resource management or finance just while pursuing MBA.

Undoubtedly, MBA admissions can be a very tough job for some as everyone wants to become an MBA and get the highest job package. All the students seem to be fighting with each other just to get a seat in the best MBA College. So students who are just interested in the field of finance have started opting for Masters in finance which also holds the same value and scope as MBA does. Masters in finance prepares you only for jobs in the finance sector and once you pursue this course from a highly reputed company, you will certainly land up getting a job in a banking institution.

Just as competition is increasing day by day among students to get admission in the best college, the job prospects are also increasing. MBA will give you an edge over the rest of the students and so it is highly essential and crucial for a person to opt for this course. So if you have the degree from one of the best B school and also possess some great skills, you will land up taking a package of about Rs. 6-8 Lakhs per annum and ultimately be able to fulfill all your materialistic and financial demands. So stay updated with all the dates of launch of forms and applications so that you don’t lose on to filling the admissions forms in a reputed college.

 

For more info on MBA admissions, business schools and MBA in India, please visit us at: http://www.isbf.edu.in

Banking

Singapore Banking After Your Singapore Incorporation

After your Singapore incorporation you will want to address your banking needs. There are several important things to know about the Singapore banking industry. This knowledge will make it easier for you to open your corporate bank accounts and personal bank accounts.

Personal Banking
Do not forget that you will need a personal bank account in the country of Singapore. This will make it possible for you to get cash and provide for all of your personal needs like paying bills and shopping.

Residency Requirements
You do not need any special residency qualifications to open a Singapore personal bank account. Citizens, work pass holders, and foreigners may open an account.
Residents will only need an application form, proof of address and an official ID. If you are entering from another country you will need to present your passport and a visa (if you are required to have one). You will also need proof of your current address.

Selections
You may wish to apply at local banks like UOB and DBS. There are several foreign banks like
Citibank and HSBC that you may wish to use.

Corporate Banking
In most cases, you will need to be present when you open your account, after your incorporation in Singapore. It may not be possible to do this from overseas. Your company officials may also need to be present.

However, there may be cases that exceptions can be made. If you cannot be there for legitimate reason and your signature is notarized, you still may be able to open a corporate bank account.

Minimum Balances
In most cases, you will need to have a minimum balance of at least S$ 10,000 with most local banks. If not, you may incur charges up to S$ 50 or more. With foreign banks, you can expect to see much higher minimum balance requirements. Some may be as high as S$ 50,000.

Offshore Companies
After you incorporate an offshore company you will need more extensive proof to open a corporate bank account. This is due to the “know your client” policies. Here is information that you may be required to have.

1. You may need to explain the source of the money that you are depositing. In other words, where does it come from? Company profits?
2. You may be required to give a great deal information about beneficiaries on the account.
3. You might have to present proof of your business activities and the customers that you serve.
4. Letters of reference from other banks may also be necessary.
5. You may need to present proof of “beneficial ownership”. Beneficial ownership means that you may own shares in a company. It denoted having the benefits of owning something without having physical ownership. This term is often used in businesses.
6. Requirements may vary from bank to bank.

You may also be able to open a corporate bank account at the time of your Singapore incorporation. Make sure that you contact the bank ahead of time.

Summary
Make sure that you know something about the Singapore banking industry before you incorporate in Singapore. It is good to know what is needed and what is expected of you. This will make the process much easier and smoother.

SingaporeStartup.com is a general information portal about Singapore incorporation. If you want to know more about Setting up a Singapore company , Singapore branch office registration, Singapore subsidiary formation, Singapore taxation and Singapore company incorporation, visit http://www.singaporestartup.com

Finance

Finance pro M Anandan turn entrepreneur after retirement

For a high-ranking finance professional, after retirement, the safest choice is to become an independent director or play an advisory role. But not so for MAnandan, a veteran in financial services with over 30 years of multi-functional experience.

After a three-decade stint with the Murugappa Group, he has turned an entrepreneur, promoting and investing in socially-relevant segments like micro finance, SME financing, gold loans, affordable housing finance and the like.

A chartered accountant, Mr Anandan joined the Murugappa Group in 1976 as a management trainee with Tube Investments of India. In 1988, he moved over to the group’s asset financing NBFC,Cholamandalam Investments and finance.

Says the 60-year-old Anandan proudly: “In the first leg of my life, I spent 31 years with the Murugappa Group graduating from a management trainee to become MD of Cholamandalam Investments and then, Cholamandalam MS General Insurance. I was the first non-family member of the group to become a director and also the MD.”

During his 12-year stint at the helm, leveraging the freedom given by the group to play an entrepreneurial role, he identified and grew new businesses like factoring, wealth management, AMC/mutual funds and insurance, besides forging JVs. Called by his friends a maverick and a man with the Midas touch, Mr Anandan has become a role model for aspiring young Turks.

“After retirement, I declined offers to join boards and play advisory roles. Rather, in the past three years, I have ventured to become an investor and promoter of evolving new businesses. I am also on the boards of the companies guiding them in management, business plans and raising funds,” says MrAnandan.

He is a co-promoter and director in Equitas Micro Finance India, which has a net worth of Rs 300 crore and built assets of more than Rs 1,000 crore within three years. With negligible exposure to Andhra Pradesh, it is not hit by the current storm in the sector. Since 2008, he is an investor and director with Manappuram General Finance and leasing (specialising in gold loans). He is a majority shareholder and chairman of Fivestar Business Credits, focused on financing micro and small enterprises.

In December 2009, Mr Anandan promoted Aptus Value Housing Finance to focus on low-income and affordable housing finance segment in suburbs and semi-urban centres in the South. Mr Anandan holds a 70% stake (Rs 22.5 crore) in the Rs 32-crore paid-up capital and the rest Rs 9.5 crore raised as private equity.

“In our survey, we found that small traders, fruits, vegetable and milk vendors, vehicle cleaners and scores of self-employed people have regular income and are equally credit worthy. Since they don’t have bank statements, IT returns or any other documentary evidence to show their income, they are not able to access housing loans from banks andHFCs,” Mr Anandan points out.

Aptus has identified this as a focus segment. It gives them a loan of Rs 10 to Rs 20 lakh for a period not exceeding 15 years. The interest band is 13-14%. Its plan is to disburse Rs 400 crore the next fiscal. Sounds like a big target. But Mr Anandan remains bullish, citing the estimated Rs 6 lakh crore markets for affordable housing.

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