December 2015 6
Winning lottery payments can be a life-changing experience for anyone, but for an African migrant struggling to get by in a foreign country it must be more like a godsend. Every year the Spanish lottery holds their annual Christmas lottery, or El Gordo, drawing. This year the winners included 35 African migrants, according to ABCnews.com.
One of those African migrants was Ngame, a Senegalese man who declined to provide his last name to reporters. Ngame was actually rescued by members of Spain’s cost guard in 2007 when they came across their boat carrying about 65 migrants traveling from Africa’s western coast toward Spain’s Canary Islands.
Ngame was in tears outside of the lottery office as he waited to coll (more…)
A structured settlement is a legal agreement where an amount of money is paid out as a monthly or yearly payment, rather than receiving the amount in a lump sum. Very often a structured settlement has certain tax advantages for the recipient. It also is a savings for the payer because they do not have to disperse all of the funds at once. The structured settlement concept became popular sometime during the 1950s and 1960s.
While many people take a structured settlement as a way to extend the winnings that they may receive in a lottery or as a settlement in a lawsuit, many of these same people regret their decision. As monthly bills grow and compound into large amounts of debt, it often seems foolish to have a large amount of money that can not be accessed. In fact, a recent American International Grou (more…)
Despite the best-laid plans, life changes quickl. Increases in the cost of living leaves many adult couples struggling to make ends meet. Many are seeing increases in loans and credit amounts. The average adult owes over $3,000 in revolving credit to lenders, the average home has approximately 13 payment cards, and the average amount of auto loans has seen an increase from around $866 billion to almost $944 billion from 2014 to 2015. With the increase in credit, interest and loans many adults find themselves looking to get cash from structured settlement payments. Getting cash from these payments is smart if chosen for the right reason.
How Important Is It To Get Cash For Structured Settlement Payments
The first question to ask yourself is how important it is that you g (more…)
Years ago the business world was predominantly run by monopoly companies, blocking out any potential opponents. However, after seeing the advantages that competition can have, such as lower prices and newer, better products, modern mom and pop shops are making a comeback in the form of larger companies.
One of the challenges of starting one of these businesses is finding the funds to do so. Between hiring employees, renting property, and covering early production costs, companies need capital to expand even before they can receive any sales. In order to gain these finances, companies can conduct initial public offerings (IPO) to sell a portion of the organization to investors.
These initial public offer (more…)
Running a small business is tough. Half of small businesses don’t last more than five years, and many never turn a profit before they fail. Sometimes this is because of poor business practices, but sometimes it’s because of customers failing to pay quickly enough, or at all. If you’re a business owner struggling with accounts [...]
Throughout the world, many companies face the problem of consumer debt. Unfortunately, it looks like this problem is only going to get worse. In fact, statistics show that outstanding consumer is estimated to reach $4 trillion by the end of this year. If you’re wanting to defend your business against this problem, it’s wise to [...]
Keeping a retail business running smoothly is no easy or simple task. From the mundane day to day tasks, such as stocking and organizing shelves to customer service, to the more in depth responsibilities like inventory tracking and financials, there are many loose threads in the fabric of retail that can seem impossible to keep [...]
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- And the No. 1 Stock-Fund Manager This Time Is…Shhhh
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- The Pros and Cons of Moving Closer to Your Children
Retirement expert Glenn Ruffenach answers questions on moving closer to your children and about livi [...]
- The Anti-Bitcoin ETF
Currency funds like WisdomTree Bloomberg U.S. Dollar Bullish Fund provide a contrast to proposed—a [...]