Viet Finance Blog

All you need to know about finance

Viet Finance Blog - All you need to know about finance

Termites Started Eating My Firewood

I have never had a problem with bugs in all the time I have been living in New York City until a few months ago. I know people probably think of New York City having just apartment buildings and skyscrapers, but I actually have about half an acre of land with my house. I recently moved where I was storing firewood for my fireplace, and that is how I found out that I have termites. I knew that I was going to have to find a termite company in NYC before the problem got out of hand.

While the termites were just on the firewood, I knew that meant they could be in the house too. I had seen no evidence of termites at all, but I was not taking any chances. Continue reading

Time to Earn Money from Home by Selling Herbal-based Health Products

We all know that life is getting harder and harder as the time goes by. There are so many hardships ahead of us and thus, we need to have better strategies to make sure that our lives can be just fine. One of the hardships comes from the financial field. It is true that we need to think so hard to make sure that our income can be in balance with the expense which seems to be bigger and bigger every day.

What you should think is how you can earn as much money as possible by doing the effort as minimal as possible. Have you ever thought about dealing with business opportunity home-based profitable? This kind of opportunity is actually really promising as long as you know the market and make sure the demands are big enough. You may take the example of the health field focusing on selling herbal-based products. This kind of products is actually really popular nowadays. It means that the market should be big out there. As long as you are able to promote your products properly, everything should be fine. And what’s awesome is that you can deal with the whole business matters at home. It means that you don’t need to worry about the expense you need to spend for the gasoline of your car and you work in your comfortable place. This is totally a great thing to do.

Of course, you need to make sure that you can research the products, the market, and how to promote the products properly. It surely will take some time. However, by considering the awareness of the people towards their health condition which is getting more and more intense, it should not be that hard for you to sell your products. Your efforts to cope with the research and the other necessary preparations should be worth it. Just imagine about earning money from home? Isn’t it nice?

Should You Have a Trust?

Setting up a trust is a good idea if you plan to leave something behind for your family. It ensures that your money and property allocated based on your specifications, leaving you will one less things to worry about. If you are interested in setting up a trust fund, look for banks with trust departments in Colorado to get started.

Setting Parameters

Perhaps the best thing about setting up a trust fund is that you can determine when your assets are given out. For example, if you want your assets to be given to your children when you pass away, but don’t believe that they can handle the responsibility at their current ages, you can ensure that the assets stay in trust until they reach a certain age.

Save on Taxes

Putting your property into trust can save you from having to pay taxes on money made from these assets. There are other tax exemptions available as well, so make sure that you speak with an expert on this matter.

Living Trust

With a living trust, you can place all of your assets in the trust and make yourself the lone trustee. This allows you to maintain control of them, but without them being directly in your name. Many people go this route because there is less red tape involved than there is with a will.

Are You Looking For a Home Equity Loan?

Taking out a home equity loan is a great way to accumulate some cash in a hurry and to pay for whatever you need. In some cases, this money is used for an emergency, while in other situations, it can be invested. No matter what you use the money for, you should do your research beforehand to achieve the best results.

Repay Other Debts

If you have some other debts that are suffocating you financially, have a look at the current 2nd mortgage rates to see if this option is worth your while. Taking out a second mortgage at a lower rate can help you to pay off your credit card or other high interest loans without having to give up your home to do so.

Do Some Renovations

You could also use your home equity loan to upgrade the house and increase its value. You could consider an entire renovation or a kitchen remodel. Perhaps adding on a nice deck area or changing your roofing structure would benefit your home immensely. The pros at Bergen County roofing companies can get your home looking better than ever in no time.  This could end up being a good investment if the increase in property value ends up being more than the interest that you will pay on the loan. However, it is important that you do your research beforehand to ensure that this is the right move for you.

Travel While You Can

It could be advantageous to take out a loan to do some traveling. This is especially true if there are places that you want to visit while you are young enough to truly enjoy them, but don’t have the cash on hand right now. Many people forego traveling because they do not have the money, but it is important to do things while you are able to.

What Does It Take To Become A CFO?

When an accountant first starts their career, they often dream of achieving the title of chief financial officer. It’s a tough climb, but once you get the title, most people consider you to be at the pinnacle of your career. You have tons of career choices at this point, and companies will do their best to try to entice you to work for them.

Most people have no clue how to start the climb towards CFO, and if you want to get there, you’ll need specific traits and abilities to do your job effectively. If you want to become a CFO, you need to be able to do the following:

Understand Your Company’s Mission

When you’re a CFO, you partner with your company’s CEO, so you need to understand what type of things are important to your shareholders. Concentrate on increasing shareholder value, and work on incorporating this value into your company’s mission. A CFO influences how their company works, so it makes sense for you to learn the business inside and out.

Minimize Risk

As a CFO, you’re going to have to learn how to be risk averse when it comes to your company’s money. It’s your job to create a company-wide system that cuts risk and increases productivity. According to Robert Bratt on Facebook, this is like playing a game of chess; you need to think of how every single change will impact your company in the future, and you need to create safeguards that prevent the company from losing money. Basically, you have to plan for different scenarios that can play out in the future, and you need to have a plan for all of them.

Communicate Status

As a CFO, it’s going to be up to you to communicate how your company is doing financially; you’ll be reporting to both employees and external regulatory agencies. This information will be used to gauge how the company is doing, so you’ll need to make sure that it is as accurate as possible. The information can also be used to spot trends and help management make decisions about the future.

You Must Be Well-Rounded

A CFO needs to be skilled in many areas. Being able to crunch numbers is a plus, but you also need to be able to make decisions in other areas of the business. You’ll need to spend time with operators and employees to get a good sense of the business, and you’ll need to use the knowledge that you gain from them in your future decisions. You can’t run a company simply by looking at its numbers; you need to be a well-rounded person who can take external factors into consideration.

When you reach the position of CFO, you’re near the top of your career. If you’re planning on it for your future, you need to work on your management, people and accounting skills. Once you have these skills polished, you can work your way up the corporate ladder to the position of CFO.