Monthly Archives: February 2014

A Basic Guide to Setting up a Self-Managed Super Fund

Saving money

Setting up your own self-managed super fund (SMSF) its advantages, but it’s not for everyone. To manage your own funds, however, it’s important to have the skills and the time to do it to ensure everything goes smoothly. It might also be wise to hire accounting in Perth.

SMSF not only gives you greater control over your investments, it also opens doors to a wider choice of assets to invest in. SMSF is a good way to save for your retirement. As you become a trustee of the fund, you’ll be managing it based on laws and rules appropriate for SMSFs. For this reason, you can’t use the assets in the fund for your personal enjoyment.

Trust Deed

Talk to your accountant or legal service company when preparing a trust deed. The trust deed discusses the details of the trustees, the process by which they’re appointed, as well as their powers and the conditions for benefit payments and contributions.Saving moneySaving money

Investment Strategy

This includes the ability to discharge existing and possible liabilities. Investment strategy also involves creating a plan that takes factors like risk, diversification return, cash flow, liquidity and asset allocation into account. To keep your SMSF assets separate, you need to open a bank account using the fund’s name.

Running a self-managed super fund in Perth may not be for everyone, but with the help of an accounting service, handling your own SMSF will be a lot easier.

Botox: The Wrinkle-Go-Away Formula

Botox Therapy

If only we can hold back time. That’s what many of us think when we look in the mirror and see a wrinkle forming. Doing that now is possible, thanks to the wonders of Botox injections. Originally approved as a treatment for various conditions, Botox has been the go-to cosmetic medicine since the 60s after Dr. Allan Scott realized its effectiveness in relaxing muscles.

Botox TherapyBotox Therapy

A Non-Invasive Option

Preventing wrinkles from forming is definitely better than undergoing a facelift. It works to attach itself on the nerve endings to prevent the muscles from contracting. This form of paralysis is safe, but it may come with side effects such as headaches, bruising on the injection site, or nausea. This makes it necessary to ask your doctor about getting Botox therapy before actually having one to make sure that it’s the right anti-aging treatment for you.

Temporary But Effective

Although Botox lasts only around three to eight months, this treatment is relatively low maintenance compared to other options. You won’t have to experience downtime because of post-operative procedures. Frequent injections also train the muscles to relax, virtually reducing wrinkles in the long run.

Researching and verifying information with your doctor and a reliable dermatologist will aid you in deciding if you should get Botox or not.

When Push Comes to Shove: The Necessity of Declaring Bankruptcy

no money, empty wallet

There are many news articles that show famous celebrities filing for bankruptcy. As a result, many have associated the situation with being stuck in such a terrible scenario with no way out.

The truth is, there is life after bankruptcy. In fact, some occasions call for its declaration to accept the bad position they are in and use it to get back on track.

Surveying the ground

You have to keep a close watch on your finances, as this is the best way to assess if you’re in good or bad shape. Are the bill collectors hounding you for unpaid dues? Do you feel your situation with debt is getting out of control? Are you using credit cards to fund necessities?

no money, empty walletno money, empty wallet

Now, bankruptcy isn’t your best answer just yet. You have to get concrete figures to be sure, so make an inventory of all liquid assets at your disposal – including retirement funds, real estate, vehicles, bonds, stocks, college savings accounts, and other account funds. Contrast this with the total of your bills and credit statements. If your assets’ total value is lower than your debt, a bankruptcy declaration is one way to get out of this bad spot.

Throwing the towel

Two common bankruptcy routes people take are Chapter 7 and Chapter 13 bankruptcies. The former is often called a “straight bankruptcy,” in which all your assets go through liquidation and the creditors get a fair share of the cash acquired from the sale. In Chapter 13, you get to keep your assets and have a grace period to pay for everything. Each option has its pros and cons, so consulting an experienced bankruptcy attorney in Van Nuys is a good choice before setting foot on a certain path.

Rising from the ashes

Be more responsible with the credit you get and make sure that you have a stable income flow to pay off everything you borrow. Bankruptcy doesn’t automatically spell doom. With a competent attorney and the right know-how, you could use this situation to your advantage.

Never think of bankruptcy as the end of your financial heyday; instead, consider it a fresh start to regain your footing in the economic landscape.

Décor Hacks for Small and Mobile Homes

Camper Van interior

When you decide to buy a small and mobile house from companies like Complete Mobile Home Sales, chances are you’ll get an impression that you won’t get to make it beautiful like the house of your favorite Hollywood star. While beauty is subjective, you must remember that there’s the right kind of beauty for your home. What applies to big houses may not apply to little spaces and vice versa.

Here are some décor hacks appropriate for homes with limited space.

Old Drawer Pulls as Item Holders

In case old drawers and cabinets cannot be salvaged, spare the handles and repurpose them as holder of your keys, sunnies, or coats. If you don’t want them back on a vertical surface, you can repurpose them as a paperweight.

Camper Van interiorCamper Van interior

Old Crates as Wall Bins

If your mobile and minimalistic home has a very limited space, you may want to add extra shelving by installing old wine or fruit crates into the wall. Just paint over the unsightly parts and they’re good to go. You may also use old suitcases as an alternative.

Laundry Basket Dresser

If your laundry space is too small to accommodate chests and baskets at a time, why not combine them? Just install metal angles into the inner surface of the chest, and then instantly hang the baskets. Just make sure that the baskets’ handles will fit the metal angles.

When decorating a small mobile home, you’ll realize that form and function always go hand in hand. Keep these tips in mind for a home that will impress your guests.

Tell Tale Indicators Your Loved One Might Need Assisted Living

hands of an old lady

Making the decision on your parents’ behalf, whether they need to move to an assisted living facility or not may be difficult. First, it’s not really something you have to decide on. Second, the transition is going to be difficult. As your parent’s responsible child, it’s your obligation to ensure their well-being.

Before you ask them regarding this, make sure that you’ve first seen signs that they really need your help, and more importantly, the comfort of a facility, like Assisted Living Homes.

They’re Losing Weight

Your parents may be losing weight due to inadequate food. Look for underlying reasons, like their constant difficulty to shop and cook. When you pay your weekly visits, make it a point to check their pantry or fridge.

hands of an old ladyhands of an old lady

They Start to Neglect Hygiene

Do they take a bath? Is the bulk laundry slowly becoming overwhelming? Take notice if your parent wears the same clothing over again. This may indicate that tasks concerning hygiene become difficult for them.

The House Isn’t Tidy

This is still connected to the first two signs. As this also has something to do with hygiene, your parent may find it challenging to maintain the look and tidiness of the house.

They Exhibit Signs of Depression

Confusion springs first. You’ll notice the signs of depression. This is a common sign among seniors who are often left alone at home.

Before you finally ask their consent to bring them to an assisted living center, look for other signs like frequent bruises, forgetfulness, and mood swings. Ask their insights, too, for a smoother transition.

Bouncing Back from Being Broke

Man Saving Money

There are many circumstances that could cause financial ruin, and sometimes you just find yourself in that situation without knowing how you ended up there. Outside factors contribute to this, but it’s possible to get back on your feet and become financially stable again.

It’s important to analyze your situation before making any move. Debts, job loss, and gambling are just three possible reasons, and you have to address whatever factor that led you to financial hardship.

Man Saving MoneyMan Saving Money

Getting income

Poor people have less income and savings than their expenses, so you have to find a stable, reliable, and sufficient source of money to meet your needs. Find a job – or work two jobs – that can help you through.

Cutting costs

You might want to cut some luxuries you’ve been enjoying, such as your rundown car and unnecessary expenses. You could get dealerships for auto financing despite bad credit anyway from some companies once you get back on track. A minimalist lifestyle might be the solution to your problem.

Saving up

Pay your debts and with some patience, you’d be back on your feet. This time, though, try to avoid ending up in that situation again. Start a savings account and make sure that you have a cushion to fall back on should any circumstance present unexpected expenses.

Being poor is a tough situation, but there is always a way out of it for the diligent, the crafty, and the patient.

Makati City: An Upscale Business Area Ideal for Investors and Business Owners

Ayala Avenue, Makati

The City of Makati in the Philippines offers an excellent luxury lifestyle and many business opportunities. Industry experts are expecting the country to grow this year. This is one of the reasons business owners and foreign investors remain confident in doing business in the Philippines. While many countries are struggling in terms of economic development, the Philippines remains strong and manages to advance.

Anyone planning to have a business in the country can look forideal business locations in Makati. Office spaces for rent in Salcedo Village are strategically located, attracting both small companies and big BPO firms.

Ayala Avenue, MakatiAyala Avenue, Makati

Makati City is also a picture of high-end city lifestyle. The nightlife here is second to none. It’s perfect to spend after-work hours at the city’s excellent restaurants and bars. If you’re looking for an office on Rent in Makati, of you’ll want it to be near Greenbelt, Glorietta, or other parts of the central business district.

Business owners hoping to stay in this affluent location can choose from the many high-rise commercial buildings and luxury condominiums. The upscale office spaces in Salcedo Village provide professionals convenient and comfortable places to stay near their workplace.

This appeal of Makati City has not only brought major investments to the country, but also helped in boosting real estate businesses in the country.

Surmounting the Odds: The Road to Being a Fortune 500 CEO

World in hand

It is every business owner’s dream to be the CEO of a Fortune 500 company, and of course, this isn’t a simple task, though you could still take steps toward realizing this dream.

A good number of today’s famed CEOs are made. Some of them started from the bottom, or chose to establish a BVI shelf company or a new start-up firm. Regardless of where you are right now, it’s never too late to (try to) achieve this goal.

Here are some tips on treading the road to the top.

Develop shrewd financial judgment

CEOs often have a strong financial background because a company needs someone who knows how to create value for the firm and at the same time, understands what drives cash to the business coffers. Someone who has the right judgment and strategic outlook is right on track.

World in handWorld in hand

Settle in before climbing the ladder

Internal appointments are common, so learn to settle in the company with your job before starting to climb the ladder. After all, it is less risky for the company to promote someone from the inside than to hire an outsider.

Do your job well

Hard work can go a long way, and this goes for your business dream too. If you do your job well, someone is always bound to notice that.

With a bit of luck, strategy, and a lot of hard work, you might just realize that dream

Exterior Paint Job: Choosing the Right Paint and Sheen

house exterior colors

Painting the exteriors of your home is more challenging than it seems because it needs to resist heat, rain, and other damaging elements. While a do-it-yourself project can help save a big amount of money, hiring painting companies in Perth and other places in Australia is still beneficial. For instance, they can help you choose the right paint and sheen:

Paint used should be compatible with the outer surface of your house. There are specific types for wood, aluminum, vinyl, stucco, and masonry, so it’s best to consult with professional painters.

  1. Latex – This has the highest gloss retention. It dries quickly and only needs soap and water for cleaning. It’s a good choice for wood, masonry, and trim.
  2. Oil –This durable paint resists stain and has good adhesion. It’s ideal for stained surfaces and bleeding woods, like sap or tannin.

house exterior colorshouse exterior colors

The sheen or finish of your paint, on the other hand, depends on the look you want to achieve.

  1. Satin – This produces a slight silky finish, and is ideal for trims, window frames, and shutters.
  2. Flat or Matte – This softens and helps hide surface flaws. It works best on the edges of your home.
  3. Gloss – This produces a smooth, shiny finish. It’s a good choice for areas that need regular cleaning, but it can’t hide surface imperfections.

To make sure that you choose the right paint and sheen, it’s advisable to find local painting services in Perth, Melbourne, Sydney, or anywhere you live.

Sources: http://www.thisoldhouse.com/toh/photos/0,,20180479,00.html http://www.hgtv.com/painting/how-to-properly-paint-your-homes-exterior/index.html http://www.barker-whittle.com.au/about/painting-services-perth/