The Pros and Cons of Pawn Shops

There are many pawn shops that you can easily use as a means of quickly getting cash. However, before you walk into these stores you should know about the pros and the cons relating to them. There are pros and cons which could make you change your mind about pawn shops and it is important … Continue reading “The Pros and Cons of Pawn Shops”

There are many pawn shops that you can easily use as a means of quickly getting cash. However, before you walk into these stores you should know about the pros and the cons relating to them. There are pros and cons which could make you change your mind about pawn shops and it is important that you know what these are.

The Pros of Pawn Shops

There are a lot of people who know about the pros that come from pawn stores and using the services that they offer. The first pro that you find with these stores is that they do not complete any credit checks. This is due to the fact that you are leaving a valuable item with them as security for any loan that you are going to get.

The second advantage that you need to know about is that the loans you get are quick. In most cases you will be able to get the money that you need on the day that you sign the contract with them. The last advantage is that the pawn broker will allow you to get your item back as soon as you want.

The interest that the pawn stores will charge will only be for the period that you have actually borrowed the money. With many other loan services you are unable to pay off the loan quickly or you will need to pay an extra fee. This is not something that you face with pawn shops.

The Cons of Pawn Shops

There are a number of disadvantages that you will find with pawn shops. The first con of these stores is that pawn brokers are actually a relatively expensive means of borrowing. Like payday loan companies, pawn brokers are able to change any APR they want on the loans that they offer.

Another disadvantage that people do not know about is the fact that you usually can only borrow a percentage of the value of the item you pawn. This means that you would have to have a very high value item or multiple small value items to get high amounts of cash from the loan.

The third disadvantage that you need to know about is that the pawn shop is allowed to sell your valuable item if you are unable to repay the loan. Of course, they should give you some notice that this is what they are going to do. If the item does not sell for enough to cover the remaining loan amount then you are still liable for this.

The last con that you need to know about is the fact that your item could be sold for less than it is worth or less than what you would get for it elsewhere. This means that you could be getting less out of the deal with the pawn broker in the end.

There are a number of pros and cons that you need to know about when you look at pawn shops. By understanding these pros and cons you will be able to determine if using a pawn shop is the right option for you.

Matt Lloyd and MyTopTierBusiness

Matt Lloyd is the “master mind” behind the MOBE (My Online Business Empire), IM Revolution and several other online offers.

Of course, all the “reviews” of the product are Affiliates trying to sell it.

I’m not, so I will give you an honest opinion.

Matt Lloyd, unlike most of the “gurus” out there, has had some success online and claims to make hundreds of thousands a MONTH with his methods and also promises to “reveal” these methods to you, but for a HEFTY price.

Matt Lloyd does have some good information and a lot of it, of course depending on what level you choose to participate. His “My Online Business Empire” program ranges from around $500 all the way up to $20,000!

Now, I have been doing online marketing for about 15 years, full time, and I have seen HUNDREDS of programs online that make the same type of promises, most of which are hogwash, and they all seem to be centered around affiliate marketing.

Obviously, you have to sell something and most folks don’t have a product laying around that they want to sell, so… as far as M.O.B.E is concerned, the course itself is what you will be selling.

That means that YOU will be out there competing with others who have forked over, perhaps $20 Grand, and who are willing to spend a lot to make that back.

In terms of information, again, depending on the level you join, there is so MUCH that it will take you a LONG time to go through it, much less implement it.

Matt Lloyd’s program is based on the “funded proposal” which has made some people a lot of money, will it for you? MAYBE, if you have the money and the time to spend doing it. He shows you A LOT of things that you will be buying, lesson after lesson, which will take you TONS of time, so this isn’t making money in a couple of days. That is not to say that you will never make money if you put in the WORK.

Jonathan Budd, a guy that upsells, upsells, upsells, endorses this and Matt is supposed to be one of his top students, so guess what? Matt Lloyd will do the same.

This introductory video is VERY long and is trying hard to convince you. THAT is a sign of more expenditures to come. Will you get a lot of good information, which if you could REALLY implement it you might make some money? Yes. However, know this: There are thousands and thousands and thousands of people trying to make money with Jonathan Budd’s methods, some do, the majority do not.

I am not a member of M.O.B.E., but a VERY good friend of mine is and he is also a very experienced, hard working marketer and he has made a little money with it, but honestly, nothing close to what he spent.

Questions to Ask a Freight Factoring Company

Thinking of partnering with a freight factoring company? A positive cash flow can have a huge impact on your business. Not only will you be able to take on more clients and larger deals, but you will also be able to ensure that driver payments, payroll, fuel and all your other expenses are always paid on time.

If you’ve already decided you are going to partner with one of the freight factoring companies in your area, then you need to start researching the various companies to determine who will provide the best service to you. Here are a few questions to ask to make sure you get a value for money service:

What happens if my clients don’t pay?

This is an important question because it can put you in a difficult position if you have to pay for outstanding bills from clients. Find out if the factoring company handles debt disputes and what their normal procedures are when trying to claim back money from clients.

Do I get to choose which invoices I factor?

In some cases, you might have weekly loads which you bill and your clients pay each week. In this case, you might not necessarily need a factoring company to factor the invoices for you. You might only need factoring services for larger loads which only get paid after 30, 60 or 90 days. Find out if the factoring company will allow you to decide which invoices you want to factor or if you have to hand over your entire client book.

What kind of extra services do you offer (and what do I have to pay for?)

Factoring and bank loans are very different in a number of ways, but one of the most prominent differences is the fact that banks research businesses to determine whether they are creditworthy, while a factoring company will research your clients to determine whether they are creditworthy or not. Freight factoring companies will either do a credit check on your clients to ensure they are capable of paying the invoices, or they will give you a list of pre-approved clients which meet their credit requirements. Find out what process they use to determine whether clients are creditworthy and whether you will have to pay extra for this vetting process.

What percentage of the invoice will you advance?

Many times, a freight factoring company will advance a certain percentage of the invoice (such as 80%, 90% or even 100%) and the rest of the amount only gets paid once the client has paid the outstanding invoice in full and their service fee has been deducted. Make sure you know what percentage gets paid to you in advance.

Want to find out if our freight factoring company’s service will work for you? Get an instant factoring quote now.

Interstate Capital’s factoring programs include a long list of unique features including rates starting at just 0.49% per invoice, advance rates up to 100%, same-day funding, 24/7 automatic credit approvals, fuel advances (for motor carriers), professional collections, and much more.

Set-up is always fast and easy. There is no application fee and most companies will qualify for an instant online proposal in under 2 minutes just by completing the Instant Factoring form on this page. If you like what you see in your proposal, just click on the application link in your proposal and you’re on your way to fast funding.

Flood Insurance – Protecting Your Home From Flash Floods

7 Quick Facts About Flood Damage and How to Better Protect Your Home and Business.

The massive flood damage around the Birmingham metro area on April 7th, 2014 caught many residence by surprise. Based on the national Weather Service, more than 7 inches of rain was measured in Vestavia Hills, while other locations in the area reported 5 – 6 inches of rain.

The National Flood Insurance Plane (NFIP) was created by the U.S Government to help with the high cost of flood related losses of both buildings and property.

Seven Important Facts About Flood Insurance:

1. No one is safe. – People outside of high-risk areas file nearly 25% of National Flood Insurance claims. In high-risk areas, there is at least a 1 in 4 chance of flooding during a 30-year mortgage. Poor drainage systems, rapid accumulation of rainfall, and broken water mains can all result in flood. Properties on a hillside can be damaged by mudflow, a covered peril under the Standard Flood Insurance Policy.

2. I have Homeowner’s/Renters Insurance policy. – Flood damage is not typically a covered peril by most homeowners/Renters insurance policies sold in the U.S.

3. Can I purchase Flood Policy in Birmingham? – If you live in a community that participates in the NFIP, you can get flood Insurance. Birmingham, Hoover, Vestavia, Homewood, Mountain Brook, Alabaster, Chelsea and many more municipalities are participating in the NFIP.

4. How much coverage is allowed by the NFIP? – Residential homes structure limit is $250,000, and content is limited to $100,000. Business Structure limit is $500,000 and $500,000 limit for business content. Renters Contents limit is $100,000.

5. Does flood insurance cover flood damage caused by storms, rivers, or tidal waters?

Yes, provided that, if confined to your property, the flood water covers at least two acres. A general condition of flood also exists if two properties are affected, one of which is yours.

6. What are Flood Zones? – Flood zones are land areas identified by the FEMA. Each flood zone describes that land area in terms of its risk of flooding. Everyone lives in a flood zone-it’s just a question of whether you live in a low, moderate, or high risk area.

7. What is covered in my basement? – Flood insurance covers your home’s foundation elements and equipment that’s necessary to support the structure (i.e. HVAC, Water Heater, Etc.). Flood Policy does not cover basement improvements, such as finished walls, floors, ceilings or personal belongings that may be kept in a basement.

Are You a Reluctant Wanderlust in Business?

Are you a multi-talented, multi-passionate person who finds it hard to “commit” to doing “just one thing”?

Sometimes I feel like a loser when I couldn’t just “stick with it” when something ceases to give me a deep sense of excitement and purpose. Some may call it ADD.

Do you identify with being a “wanderlust” in life – not only having a desire to travel physically but also (and more importantly) to embark on a personal journey that involves experiencing all parts of SELF and all aspects of LIFE?

In different stages of my life, and especially in my own business, sometimes the tension between the strong pull to EXPERIMENT, to DARE, to chase FREEDOM, and the fear that comes up when I untether from the “known” would tear me apart.

Do you know the wanderlust part of you and the primal part of you may be at odds with each other, resulting in conflicting/self-sabotaging behaviors that hold of you back from soaring in your business?

Sometimes the restlessness eats me up as it turns into a nervous energy. Sometimes I fall into the comparison trap when I see my college classmates climb up the corporate ladder and score impressive titles. Sometimes I just feel plain lost and doubt… why can’t I just be everyone else and “settle down?”

***

COMMITMENT. FREEDOM. ANCHORED. EXPERIMENT.

HOME. WANDERLUST.

What some consider to be a daring experiment may be judged by others as “hopping from one thing to another” or being a flake.

It’s hard enough when the judgment comes from outside of us. But it can be downright self-sabotaging when the conflict comes from within ourselves.

The tension created by Commitment vs. Abandonment, the longing to Trust vs. the need for Certainty sends mix messages – to our selves, to others, and to the universe.

The conflict turns us into Reluctant Wanderlusts.

I don’t know about you but I have heard enough of those “free calls” to encounter quite a few of them talking about “commitment”… and, ha, to commit you just pull out your credit card and pay the money… only if it’s that easy!

“Commitment” on a superficial level can feel binding to us who has a fierce streak of wanderlust. How do we discern being committed from “staying put” out of fears or past/outdated conditioning?

When are we going to stop beating ourselves up from not being able to “stick with it”… just because others manage to stay in the same job for 10 years?

What is being daring, adventurous and open to experimenting to uncover a deeper part of us, to challenge the status quo and to stretch ourselves; and what is just plain “avoidance” – running away from what we have to face in order to expand and grow (but feel hard and gut-wrenching)?

The lower chakras’ need for certainty and safety fighting the upper chakras’ desire for inspiration and expansion creates conflicts that muddle up our energy and make everything feels like we have one foot on the gas and one foot on the break.

How do we commit, without feeling being tethered? How do we make the wanderlust in us and our need for certainty play nice together so we can finally lift the foot from the break?

With the propensity toward “freedom” also comes the intense desire to find “home.” Without properly defining what each one means, we fall prey to internal conflict that keeps us from moving forward.

***

Can “wanderlust” and “home” co-exist?

1. Accept

Accept that we have that wanderlust part in us, and we have the “cave(wo)men” part in us. They are all parts of us being us and denial or avoidance will only create more tension that triggers self-sabotaging behaviors.

We need to have ALL of us on board for the actions we need to take, in order for the actions to be aligned, meaningful and impactful.

2. Commit

Commit to BEING someone, not to DOING something.

Make that commitment to yourself, not to someone else.

Commit to an identity and use it to guide actions. This can be exceptionally freeing because there is room for possibilities, adventure and experiment.

3. Anchor

Life is dynamic, not static. To soar upward, there needs to be a grounded-ness.

We need some kind of reference point, or else we can be just plain lost.

But you are free to choose your anchor. What can give you an unwavering reference point so you can feel SAFE in the world?

If the “primal” part of you doesn’t feel its need for “safety” acknowledged, the subconscious mind (which affects 95% of our thoughts!) can throw a thousand “blocks” at you.

Is this anchor something you can hold onto, something you have “control” over? If it depends on other people or external circumstances, you can get into a shaky situation when the rug gets pulled out under you.

4. Find your place in the world

This is “home” (which doesn’t mean a physical location); this is your CORE message. When you know what you are about, you develop a deep Trust to give you a sense of Inevitability that serves as rocket fuel behind all your intentions and actions.

“Niching”, in its truest and broadest sense, is about finding our role in the community, our place in the world.

When you can articulate your core message into how you fit into the larger ecosystem (aka, how you create value and why you are relevant to the community you want to serve), you have found home through your business endeavor – a “home” that allows you to be YOU anywhere in the world.

When you find the WORDS to talk about how your conviction is translated into your work, you turn the inkling in your Guts into something your “logical mind” can get on board with.

When you find the WORDS so you can step up to own what you do, you voice it and set the intention for it to materialize.

When you get your entire SELF on board, you find a renewed excitement and commitment for your business.

Ling is an Intuitive Brainiac. Through her unique blend of Business + Marketing coaching with a Mindset + Psychic Twist, Ling Wong helps Maverick Entrepreneurs nail their message, claim their superpowers and muster up the GUTS to monetize their Truth.

Ling helps her clients find their Message, nail the WORDS that sell and design a Plan to work it, through her intuitive yet rigorous iterative process born out of her Harvard Design School training and 10 years of experience in the online marketing industry.