June 2015 6
Hopefully, you will never get into a situation that results in a lawsuit. Unfortunately, that situation is more common than you would think. In 2013, medical malpractice litigation alone resulted in $3.6 billion in payments. Another kind of litigation, lawsuits against employees, have grown 400% since 1995. Whether payments come from trial decisions or pre-trial settlements (which is the case 80-92% of the time), payments from negligence, injury, malpractice, and a slew of other grievances gross in the billions of dollars every year — for better or for worse.
A major misconception about payments from court settlements is that they’re paid all at once. This is almost never the case. The reality is that payments are made gradually, oftentimes years. (more…)
For as long as money has existed, there has always been the need to quickly count it. Counting money may seem like a glamourous job but the truth is, it’s considerably less fun than it sounds. Counting large volumes of bills and coins is a tedious, long, and thankless job that is often repeated two or three times to ensure accuracy. Anyone that’s ever worked at a bank or financial institution knows the struggles of counting money.
As the old saying goes: more money, more problems.
Fortunately though, new cash and coin counter machines have been a staple of financial institutions since its invention in 1980. These machines use advanced high speed scanners to quickly and efficiently count and sor (more…)
Not everyone can make it in the industry of commercial real estate investing, even if they get some help from commercial real estate developers and commercial real estate investment companies. So are YOU cut out for this industry?
- If you like to take risks, this is definitely the industry for you. Commercial properties tend to be a little riskier than residential properties when it comes to making investments and developments, and in many cases, you have to have faith that you’ve invested in a valuable piece of property even when things are looking a little shaky. Every investor runs into some road blocks and invests in properties that don’t go anywhere, but when they sti (more…)
If you’re signing up for a new bank account, whether it’s for a commercial venture, a family account, or your first checking account after college, it is absolutely crucial to pick the right bank for your needs. What’s the #1 reason to pick the right bank the first time?
The truth is, U.S. consumers are extraordinarily unlikely to switch banks, even if they’re unhappy with their current financial institution. You might think you will be the exception to this rule, but most people don’t have the time to spend an afternoon switching accounts.
So when you’re trying to find a bank in Grand Rapids, Michigan to suit your needs, what should you consider? First…
1. How Important Is Access And Convenience?
If all you need is the most basic kind of checking account, and you want to be able to acc (more…)
In nearly any business today, payment options are a major consideration for all parties involved. Put simply, everything costs money, and fortunately, many different helpful arrangements for making these payments exist. Business factoring, early payment options, lease to own programs, and more make it easier for any business or individual customer to obtain something that [...]
Choosing a mortgage lender is probably one of the most complicated financial decisions that you have to make when buying a house. The problem is that knowing the best mortgage companies is not easy especially if this is your first time buying a home. There are different lenders who are always more than willing to [...]
There are things that they do not teach you enough about in school that many people struggle to understand as the time comes to do them. One of those actions that should really be explained during high school is the key things that you should know when it comes to applying for auto loan options. [...]