Finance

The Rising Economy and The Work of Finance

Fifty-year-old people in the 21st century from the category of material worked out for the economy are gradually moving into the so-called third age. Even literally ten years ago by that time a person began to sum up his life and felt like his grandfather or “still a girl”, and now 50 years is a time for maturity and development with great experience and a desire to live not only for grandchildren, but for themselves.

The Right Step:

For those who have already taken place in this life, the following tips will be a reminder of the correctness of the chosen path, and those who are weakened in the “race of life” will still be useful. After all, they only join the ranks of the older generation and there it is also necessary to improve them and not to stop on what has been achieved before. Life continues, everything is accelerating, so you need to be prepared for any manifestations of it.

Use credits before retirement:

The use of loans according to their credit history and income should help finish large projects of their lives. Do not use consumer loans, as this practice leads to taking a second loan. Do not take a few loans at the same time, and if you still take, then choose their repayment time and correlate with the receipt of their income. If you took several loans at the same time, it is better to redistribute them into two or three payment streams. From e-prime financial you will be having the best option now.

Things to Remember

In this case, it will be easy to remember the time and amount of payments, as well as calculate the opportunities for early repayment of all or part of the loans. If loans become an unbearable burden, and you go on a retirement pension for old age, then you can ask the bank to restructure loans. Pensioners belong to the category of reliable payers, so you can reduce the loan rate or change the terms of payments, although the conversation will not be easy, but it’s worth it. Do not take a loan, being on pension, if you do not calculate your incomes and expenses for the next period of payments.

Active and passive income

By the age of 50, people usually have some means “for a rainy day.” Many keep them on deposits or at home, but the main thing is that they can receive passive income, replacing part of the dropping active or adding their own amount to them. Competent use of their active and passive income will gradually make the main type passive, i.e. rent from their investments.

For citizens with small amounts of liabilities, the most effective investments will be deposits of the largest banks (meaning ordinary activities, rather than making deposits to the bank before the reorganization of the Deposit Insurance Agency and receiving full income from it in a shorter period), investing in individual investment accounts (investing in the same deposits, but through management companies or brokerage offices, with an additional bonus in the form of a 13% tax deduction from the state) and investing in units of mutual funds (stock fund and bond fund in shares that change with the growth or fall of the stock market).

 

How can you attract a good money lender in Singapore?

There are no binding rules for a good approach, but some points have proven to be important and usable in practice. Think well in advance whether your project really lends itself to sponsoring, i.e. whether you are willing and able to look after the interests of sponsors and to provide them with an attractive counterpart. And remember, there is a very useful alternative to sponsorship nowadays.

The fact that the sponsor’s logo appears on flyers, program booklets and other printed matter is now almost self-evident, but the more attractive and exceptional your counterparts are, the more you will argue for that.

What you need to know before choosing a money lender?

Make sure that you are fully aware of your own organization and / or project before you come into contact with a company. Only then will you be able to bring your request professionally and with the necessary persuasiveness. Moreover, you are then prepared for any questions. The following points of interest can help you in choosing a good moneylender in Singapore:

  • Why are you looking for money lender? Do you represent an institution, an association or a group of people? Or maybe an individual?
  • Which activity type do you belong to and how would you like to position yourself within this species?
  • What is your “unique selling point”? That is, what do you offer alone and what distinguishes you from everyone else?
  • Which target group do you have? Which idea or concept is relevant to your activity or institution?
  • How much paid employees or volunteers do you have?
  • Do you work with amateurs or professionals?
  • Do you have your own spaces available and who makes these spaces available?

What should you pay attention to during the acquisition?

After you have clearly identified the good licensed money lender in Singapore, you can start working on the design of the sponsor request. There are no fixed rules for this either, but it’s better to pay attention to a number of important points:

  1. Start on time!

Most companies set their budgets once a year, at the beginning of the financial year. Your request must therefore be submitted one year in advance to potential sponsors, especially when it comes to extensive sponsoring activities. The Good money lender in Singapore is important here.

  1. Avoid general formulations and standard recruitment texts!

The salutation “Dear ladies and gentlemen” is out of the question in the search for sponsors. Find the right contact person; know his position in the company and the correct spelling of his name and his title;

  1. Inform yourself in advance about the company, its products and its business philosophy!

State why you have turned to this company directly, why you consider a (sustainable) commitment useful;

  1. Do not write more than one page.

Limit yourself in a first letter to a summary of the essential points. You can attach an extensive project description with a timetable as an attachment or, if you are interested, send it to you, or even better, hand it over personally;

After all, you have to offer a consideration that may be of interest to the money lenders. You are looking for partners for a project that is suitable for sponsoring and you have good arguments for it.

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