3 Secrets To Begin Your Finance Internships

Jump-start your finance-related career with finance internships and be ahead of the pack. Internships provide your passports to lucrative careers because these are real life job experiences. Add to that, your credentials bloom and landing a job after an internship is highly expected. The benefits are astounding and perks are fantastic. How To Find Your … Continue reading “3 Secrets To Begin Your Finance Internships”

Jump-start your finance-related career with finance internships and be ahead of the pack. Internships provide your passports to lucrative careers because these are real life job experiences. Add to that, your credentials bloom and landing a job after an internship is highly expected. The benefits are astounding and perks are fantastic.

How To Find Your Potential Finance Internships Company

Searching for finance internships entails good planning and in depth research and some investigation for the best internship opportunities. An online search is handy. You may also participate at bank-related events or fairs advertised on local papers or check it out from a list of banks which you can find in the phone directory or Internet. Or visit banks and enquire.

Once you find the bank or company that suits your interest, make sure you express your intention of applying for a finance internship program with them. The goal is to make yourself available for them. Prepare yourself and ask about the company, norms and ethics required from an intern. Ensure that you absorb everything to make your experience valuable to the company and benefits will redound to you, as well.

Secrets To Have A Good Headstart

1. Top Company Pick

When your options for finance internships are varied, the best way to select is to pick the right bank or company to engage in. This can be accomplished by seeking advises and referrals and obtain a good number of company portfolios. Ask people for feed backs about the company. The positive feed backs and company portfolio should speak of the company’s reputation and prestige. This is the right company for you. Apply with the company and make known your interest and why it is your choice for finance internships.

2. Get To Know The Contact Person

Companies who offer finance internships normally post the name of the contact person. Your future career as an investment banker is in this person’s hands. Instantly, build a personal rapport with the person. He/She serves as your link to the decision makers of the bank. Do not forget that the competition is stiff and companies are flooded with applications. So, make yourself known to the contact person by email or make a personal visit. Always go ahead of the pack and make yourself stand out from the streams of applicants.

3. Choosing The Best Offer

When you get multiple offers from your choices of finance internships, discern and decipher according to your priorities as you have pre-identified. Be prompt to inform the companies and make sure that you show up at the appointed time.

Benefits Of Finance Internships

Finance internships provide you with a perspective of your career path. The work experiences you earn will add value to your credentials – which can help you land a job in the finance or banking industry. It is an opportunity to acquire skills relative to the your chosen career.

The internship can be leveraged into a full time employment especially if you have met the standards of performance or surpassed expectations. Many big financial companies usually don’t just let go of their interns who have made a good impression.

7 Steps to Taking Control of Your Finances and Being Debt Free

In today’s economy, it is vitally important that we make every dollar count. Frivolous spending has become all to common and we wonder where all our money has gone. It is so easy to just swipe the bank card anywhere and everywhere, only to find out later that we have spent way to much money on things like eating out, movies or that great 50% off sale we just couldn’t pass up.

For so many average folks, even the thought of becoming debt free is way beyond anything they could imagine to be possible. We live from paycheck to paycheck, trying to balance the day to day living expenses with the rent, car payment, insurance, credit card bills, and the list goes on. Having to choose between paying the electric bill or buying groceries this week is an all to familiar situation for some.

I’d like to offer 7 simple steps for your consideration toward taking control of your finances and being debt free. I know that half the battle toward accomplishing anything in life is feeling confident that you are doing the right thing or “in control” of making it all happen. If you feel confident that you can accomplish your goal or task at hand, then that’s the motivation you need take action.

These 7 steps are simple to follow however they do require that you work each of them in order and remain committed to seeing it through. Keep in mind, as you read through these 7 steps, that you didn’t get into debt overnight and it will take some time for you to get out of debt. Here are the 7 steps:

1. Keep track of where you spend every dime of your paycheck for one month.

2. Establish a budget and determine where you are overspending.

3. Determine where and how you need to cut back.

4. Take the money you are saving, as you cut back on overspending, and begin getting all your bills caught up and current.

5. Assign every dollar you bring home a purpose so your money works FOR you. This will allow you to see how much money you have left, above and beyond your monthly bills, for any extra expenses you might be faced with.

6. Cut up your credit cards and begin to pay off those balances. List all your bills from lowest balance to highest balance and begin to pay extra on the lowest bill till it is paid in full, working your way through your list of bills owed.

7. Begin to save for emergencies. Try to save $1000 as quickly as you can. Saving money out of each paycheck, even if it is only $20 or $25 a paycheck, is essential if you want to have money set aside for the things that “surprise” you, like replacing that hot water heater, replacing the fuel pump on the car, etc. Having an emergency fund promotes a sense of security as well. With your emergency fund in place, you will find you can sleep better at night and you will have a greater sense of feeling “in control” of your finances.

Get Out of Debt: 5 Tips for Taking Charge of your Finances

Getting out of debt and creating a stable financial future may seem like an impossible feat. You could be wondering, “How did I get here?” or “How can I get out of debt when my income is the same as it was before, and I owe even more money?”

In order to gain a positive and realistic view of your finances, you should instead ask yourself, “What can I change to insure that I have savings, not debt, when I retire?” or “What is my attitude towards money, and how has it affected my financial situation?” By doing this, you can get to the root of the problem and begin tackling your debt in a practical manner. (Remember it may take a little time to get back on track). Here are five methods that can help you take charge of your finances:

1) Live within your means

This seems easy enough, but how many Americans have racked up hundreds or even thousands of dollars in credit card debt? If you have to use your credit cards, then you are clearly not living within your means. The most obvious and suitable way to get out of debt is by resisting the temptation to buy stuff you don’t need. Depriving yourself of things you want can be the most difficult thing to do. However, buying whatever you want can also the most damaging to your financial success. Maybe you did get a great deal on that DVD player, but is it worth that extra $50 to $100 interest that your credit card may eventually accrue? When you have the desire to buy something, think it through. Learn more about different ways you can save money [http://www.usfmgroup.com/articles/Financial-Planning-articles/Great-Ways-to-Save-Money.php].

You can also make lists before you go to the store to prevent impulse buying. Even if you are just going to get groceries, you should bring a list and stick to it. Otherwise, you may end up spending $50 more than you thought you would on unnecessary purchases.

Another change you can make to get out of debt is to start shopping for the holidays well ahead of time. Many people put off holiday shopping until the last minute and end up charging it all to their high interest credit cards. Why not start early this year and pay for all of your gifts in cash? Try buying one gift a week. By paying with money that you actually have, you will be saving yourself tons of money in credit card charges. You will also be less stressed when the holidays come around because you will already have your shopping finished.

2) Create a budget of all of your necessary expenses and stick with it

Notice how “stick with it” was added onto that sentence? That’s because almost anyone can sit down and write out a budget. The real challenge is tracking and maintaining it. If having a program on your computer helps, go for it. Just be sure to save all of your receipts throughout the day and then input them into your program. It is important to give each of your expense categories, such as rent/mortgage, food, and utilities, a realistic limit.

If you only buy according to your budget, you will probably find yourself with extra money each month. With this extra money you can take charge of your finances, get out of debt, and start saving for the future. It will also help you to figure out which items are draining money from your budget. For example, if you buy bottled water at work everyday for $1.25, you would be better off buying it in bulk at the store and then bringing the water to work. Just remember that it takes many small steps to resolve your finances and take charge.

3) Set Realistic Expectations for Your Future Wealth

Yes. The average person’s salary increase averages between 2.5% and 3.5% per year. And you may be beginning to expect that yearly raise or anticipating that big promotion because then you will be able to pay off your debt. Many people have the attitude that their debt is fine because they will have more money next year to compensate for their spending. It’s the adage, “Why do today what you can put it off until tomorrow?” They spend beyond their means because they are banking on the fact that they will be making more money later. And when they receive a raise, instead of paying off debt, they increase their spending because they think they have more money to spend. The reality is that living this way can extinguish any future financial stability. Also, what if the raise never comes? The promotion never happens, or something worse occurs, such as getting fired or laid off? Then you will be left with all this debt, out of control spending habits, and no money in the bank.

So, when you receive a bonus or small raise, take that money and pay off your debt or put it towards your savings. Even if you think that you have great job security, be prepared for the unexpected. If you expect that you will be making more money, you will spend it; however, if you acknowledge that your prosperity could end at any time, you will save it.

4) Pay your unsecured debt off—ASAP.

I know this can be a very daunting task, especially when you have several credit cards with large balances on them. You may think that you will never get out of debt Your best bet is to begin with the credit card with the smallest balance; pay as much as you can on it each month (try to make it at least double or triple your minimum balance) while maintaining the minimum balances on your other cards until the card is paid off. This will help you to work towards your goals and will help motivate you to pay off your other cards.

Remember, if you just pay the minimum balances, you are probably barely covering the interest. You could potentially end up paying double or triple for an item you bought a year or two ago.

5) Plan for the long term

It’s important to plan for your retirement now, so you can enjoy it later. Look into an IRA or 401(k) program. Usually your employer’s 401(k) program will simply deduct money from your paycheck each month. That is one of the easiest ways to do it because you’re saving money each month without really missing it. Some employers even have a matching program if you contribute enough to your 401(k) each year.

Also, in order to plan for the future, you need to calculate how much money you will need if you live for another twenty years after you retire. Be sure to take into account the cost of living in your area or the area where you plan to retire. You may be living well right now, but planning and saving so that you can retire comfortably is crucial. So read investment books, add to your 401(k) (or your Roth IRA if you are making under a certain amount of money), get out of debt and spend your money wisely.

How to Get Your Finances In Order Before You Buy a House

You have made that all-important decision to buy a house. Your dream is finally close to becoming a reality. Once the decision is made, the real work begins. It is imperative to get your finances in order.

Pay Down Your Debt

When you begin the process of looking for a lender, you will find that most want your total debt to be no more than 38% to 40% of your gross income.

For example, is your income is $3000 a month, and then the bank figures your total debt can be $1240 a month. If you already have $1000 in debt, you will only have $240 left over for mortgage payments. By paying off credit cards and car loans, you will greatly reduce this number an increase your borrowing power.

Begin with the highest interest items first, normally credit cards. Then move onto car loans and lastly, student loans.

It is always a good idea to get into the habit of paying off your credit cards completely each month and never carry a balance. Few things can kill the dream of homeownership quicker than credit card debt.

If you are finding this difficult to do, then follow the rule of pay yourself first. That means, take 20% of your pay check to pay for something you really want or to put into savings. In this case, it is making a credit card payment.

If you take care of everything else first, you may never have enough to pay down your credit card debt.

Get the Down Payment Together

If you don’t already have a savings account, get one now. If you find it hard to save money, use the pay-yourself-first technique. Every time you get a paycheck, put a pre-established percentage into your savings account and then make certain you leave it alone while your down payment accumulates.

Even have a separate savings account for your down payment will allow you to see what you are accumulating toward your dream of homeownership. You will be surprised at how fast the balance grows if you pay yourself from every pay check.

A large down payment is the key to loan qualification, especially if you want to qualify for a larger home loan.

Clean Up Your Credit Report

Good credit not only helps you qualify for a loan to begin with, you get a better deal when you do get the loan.

Lenders will look at your credit report.Bad credit doesn’t mean you will not get the loan, it just means you will have a much higher interest rate and you will be required to pay a much larger down payment than someone with a good credit score.

Credit Report vs. Credit Score

Did you know that your credit report and your credit score are two different things? Your credit report is a list of thing like your credit card and bank accounts, outstanding loans and you payment history. Your credit score is a rating of how good your credit is, based on your report. In other words, your credit report is a bunch of pages and your credit score is a number from 300 to 850.

How to Practically Apply the Secret to Your Finances

“The Secret” has recently had a huge impact on the world with its feature film and book and in this post I am going to show you how to practically apply the secret to your finances. I personally own a copy of both the book and the movie and I love them dearly.

The Secret basically states the Law of Attraction. That is that whatever you think about and feel you will attract into your life. So if you think about and feel wealth, then by default that is what you will attract into your life.

This is incredible news because it means that you can control what comes into your life simply by thinking about the things you want to have as if you already have them.

A lot of people, when they discover the secret, want to be able to use the secret in their finances so they can attract more wealth into their life. This is a great way to use the secret because money can often be such an important part of life and we need money to do the things we want to do. I want go and get my skydiving license but I need to raise $3,000 (that I don’t currently have spare) to do it. By getting more of the green stuff you can live your life more freely and have more of the things you desire.

I wanted to draw out of the secret the 5 best ways you can use the secret practically in the area of finance. I must note that these are not the be all and end all tips to using the secret in your finances, but by using these practical steps daily you will be able to draw incredible amounts of wealth into your life.

1. The Blank Check
The blank check is a technique that was inspired by Jack Canfield, author of Chicken Soup for The Soul, who created a $100,000 bill and placed it on his roof above his bed and used it to attract money into his life.

You can get a free blank check from thesecret.tv and here is how you practically apply this technique. Print out the blank check and write out how much you want to earn on that check. Then place it somewhere where you will see it everyday (I like to place mine above my bed so I see it when I wake up in the morning). When you see the blank check you need to imagine the lifestyle you would have if you were earning that amount of money.

NOW THIS IS IMPORTANT – You need to imagine your lifestyle as if you already have it. If you are focusing on wanting to have an expensive lifestyle then you will attract to yourself more of the wanting of the expensive lifestyle. Imagine already having it and you will attract it into your life.

2. Convert Your Bills
Bills can often forge within us a sense of dread and can make us feel extremely bad about our money situation. That feeling you get is a very strong feeling and will attract more bills into your life. This practical tip is great for using your bills to attract more checks into your life.

Before you open your bill get in the mindset that when you see your bill you are going to pretend it is a check. When you open your bill add an extra digit onto the value of the bill and pretend it is a check, and give thanks for receiving so much money. Spend some time feeling the feelings of gratitude that comes from receiving such a large check.

Now your bill should look very small in comparison and you should be able to pay it with ease, continue to do this and you will actually attract checks in the mail.

3. I Can Afford That
If you want to attract money into your life you need to start to change the way you feel about money. Often we feel very bad about money because we feel like we do not have enough money. We talk to our kids about it and we tell ourselves over and over again that “I can’t afford that”. This practical tip will help you start to feel good about money so you can attract it into your life.

Whenever you see something that you want you need to say “I can afford that”. When you see your dream house or you see your dream car drive by say to yourself “I can afford that”. Do this for everything you see that you want. As you do this you will notice you will begin to feel better about money and by doing so you will attract more money into your life.

4. Give But Don’t Sacrifice
There is a difference between giving joyfully and sacrificing. Giving joyfully is giving out of the mindset that you have more than enough, this therefore attracts more than enough into your life. However, giving out of an attitude of sacrifice says “I don’t have enough” and therefore you will attract not having enough into your life. This practical tip is simple but will allow you to give joyfully not sacrificially.

Give to the things that inspire you most. This is the key to joyful giving. What has inspired you this week, has it been a friend or family member? Has it been a church or meeting? Was it a cause? Whatever has inspired you give to that and it will be much easier to give joyfully.

5. Imagine Your Lifestyle Daily
This is an extremely important tip. You need to imagine your future lifestyle daily as if you already have it, and give gratitude for already having it and feel the feelings of gratitude.

Here are a few practical tips to help you imagine your lifestyle daily and feel the feelings of gratitude:

See, Smell, Touch – Don’t just imagine your lifestyle as a picture, but imagine you are in the environment. Smell the smells that you would smell, see the things that you would see if you were really there, touch things in your imaginary environment and feel their texture. By doing this it becomes so much more real and you can feel like you are really there

Get a Move On – Static pictures do not engage our senses, so it is best to keep things moving in your imaginary environment. If you are imaging your perfect kitchen then imagine opening the fridge door and grabbing something out of it, have other people in this imaginary environment to stimulate movement and make the scene more lifelike. By doing this you are engaging more senses and your imaginary lifestyle will become more real.

Simplifying Your Finances

Everything begins in your head. Do away with the idea that being rich has something to do with money. It is a mistake to determine wealth or poverty by figures and comparisons with other people. Any poor person will know someone who is even poorer than he is. Every rich person knows someone who has more assets. And nobody is poor just because he or she doesn’t have much money.

With the following tips, you can simplify your finances and have it under control and you will experience a new dimension of wealth:

1 – Write down your expenses. You don’t need to turn this into a form of private bookkeeping. It’s really not imperative what you do with the lists you make. The important thing is that the written form makes you aware of the money you’re spending. A good many silly, spontaneous purchases are prevented because your unconscious mind thinks, “Oh dear, tomorrow I’ll glance at my spending list and I’ll regret this nonsense!” Bottom line is awareness of your finances must not lure you to be crazily extravagant.

Moreover, people who buy things they can’t afford and then can’t pay the bills for them are complicating their finances. They insult their creditors by not giving them what is due.

2 – Avoid being tempted. Pay by cash whenever and wherever possible. The temptation to pay with a credit card is great; hence, you lose your feeling for the amounts you are spending. Take your credit card only when you need to pay a huge amount that you don’t want to carry around with you in cash. And when you pay, imagine the card in your hand turning into a bundle of dollar bills and then, in your imagination, you pay out the amount in cash in the checkout counter.

3 – Always be fair in your financial transactions. It’s better for you to pay more attention to your relationship with people than to the numbers alone. Make friends by treating other people fairly in financial matters. A small generosity in the right place will do wonders for your relationship with a supplier, a trades-person, supplier, or service provider.

4 – Think positively about money. Even if you still have debts or you have no idea how you are going to earn a living soon, don’t fall into condemning money. Keep in mind that what you think will become a reality for you – if you hate money and wealth, then these things won’t come your way. A person who hates money will tend to think negatively about his capacity to work.