The Benefits Of An International Online Money Transfer

Import and export, paying suppliers, overseas property selling or buying, and regular overseas payments – there are many instances when you have to use a firm that helps make such cash transactions overseas. There are various entities that offer a safe way to make an online money transfer to anywhere on the planet if need be. When you have a business that caters to a client residing in a country not similar to yours or you are working abroad and want to send money to your family or loved ones, it is not a problem anymore.

Fast developing technology has made the online money transfer more feasible than ever before. All you need to do is find a reputed firm offering online money transfer across the globe. These service providers offer greater security, transparency, and convenience. Let’s discuss a few other benefits of sending money online.

Comprehensive range of delivery models

Your beneficiary can choose from a wide range of delivery models depending on your beneficiary’s comfort of getting the money. The recipient will have options ranging from getting the money directly into their bank account to withdrawing the entire amount in the form of cash.

Higher foreign exchange rates

The value of the currency could increase depending on the country where it is sent and its current market rate. You could, therefore, avail the highest exchange rate for your currency and get the most out of your money.


Providers of online money transfers try to make it utterly fast and convenient for their users. You don’t have to provide liquid cash or spend long hours in a queue while the teller counts your money. You can do it directly from your account to the entity that will thereafter transfer it to the concerned beneficiary, instantly.

No hidden fees

Unlike banks, there are no hidden fees or unreasonable commission rates. These firms work under strict rules and regulations and there is complete transparency in all kinds of transactions. All you might be asked to pay is a one-time standard charge and there will be no more deductions. Your beneficiary will be able to withdraw the entire sum without worrying about any kind of absurd deductions or charges.

Security and Safety

A range of security measures are employed to ensure a secure transaction. Companies have the best firewall installed to prevent any kind of breach or data snooping activity that would pose risk to the financial exchange. Also, it is much safer way to send your money online than go to a bank physically with all that cash.

Find a company that has a global standard and is trusted by the masses. Always choose a firm that offers 24×7 service commitment for their online money transfers. Make sure you are providing all the correct details from your end so that the transaction takes the least time to conclude.

Wise Money Moves From Some Wise People For You

Will 2016 be the year that you start building your real wealth? I hope it will be mine. It can be ours if we set our minds to do it. Each year, GoBankingRates, the personal finance site, asks the world’s most famous financial experts for their tips for the coming year. These are some of the best tips. You can use these tips no matter how much money you do have or don’t have in essence. Just follow the advice given and you can possibly end 2016 with lots more money in the bank or in your investments possibly. It may end up being way more than you or I have now.

Here are some of the best, as well as, the wisest of tips to use to your advantage in the New Year:

Don’t lose money.

Warren Buffett has one piece of wisdom, which he does like to repeat, and he puts it in his own way. “Rule Number 1 is this: Don’t lose money. Rule Number 2 is this: Never forget Rule No. 1.” What does this mean to you and me? Especially since this is coming from the mouth of the Oracle of Omaha, who has taken some big public losses on his investment, which were big. He is, despite this, still one of the most successful of investors ever known. What does this mean?

The interpretations may differ here. However, I do think it means one thing, and that is to carefully think over the down side of any investment. This is to avoid investing into anything that doesn’t inspire one to have lots of confidence about it or the value of the investment itself. The very same can be said about not having a thorough understanding of it either. This is why Buffett doesn’t invest in anything tech, and when he invested in IBM, he broke this rule. He also broke his rule about not losing money.

Make sure to construct a portfolio that is carefully balanced.

Tony Robbins is a man who went on a quest to learn about finance from some of the best minds in the business. This is because of one reason, and this reason was, he got angered by the losses that every day people did get due to banker misbehavior during a financial crisis. Robbins advice is to create a mixture of investments that do stick to the following principles. These principles are don’t lose money, seek out investments that offer potential rewards that are far greater than the risks attached to them, create a portfolio that is tax efficient and that allows you to keep most of your money as opposed to giving it to the government. Diversify your investments as much as possible. “If you do this, you will be protected no matter what,” he states.

Do save any amount you can.

The bestselling author and analyst Whitney Johnson does advise people to invest. Do it, no matter what, and do it with savings. It doesn’t matter if the savings is just a few dollars each week. This still can amount to an amazing amount of money, if you continue to save it, over the course of many years. “And, in order to be safe in case of a financial setback, which can prove to be devastating. You should try to save at least six months of what you would normally spend and keep it in the bank. Period,” she says.

Plan how to reach your financial goals.

It is very easy to set a financial goal for one’s self, states a former Buffalo Bills wide receiver and personal finance author Chris Hogan. “It’s pretty much like the difference between trying to wish you could go to the beach and getting the car loaded up with towels. You then want to put gas in the car and get going. “The necessity of such a said plan may sound simple, but in essence, it is the only thing that people tend to overlook when it comes to their money,” he further explains. “Any dream that isn’t backed by a plan is simply a wish.”

Try to negotiate everything if possible

Many things are able to be negotiated. These many things do include everything from a cable plan to medical expenses to beyond. The only thing it does take is a tiny investment of time and a little bit of guts. Simple as that. I know I do that.

The author of Rich Bitch, financial expert Nicole Lapin, is very willing to give you her take on it.

“The worst thing that anyone can say is no. They usually will not for this reason,” she explains. What she is advising all of you, including myself to do is this, and that is to call all of your providers up right now and ask them for much better pricing. “If you want to start a New Year that will be financially fabulous. Do this, okay, and do it now!” I agree with her.

Quit spending your future wealth already

Sure, the Apple Watch is very tempting, but if you give into sudden and short-term splurges. The less wealth you will end up saving in the long term and for the long term. This is something that financial coach and serial entrepreneur Josh Felber does advise you not to do. When you think about doing purchases large and small, do consider one thing, and that is if you must have that item right now and can make do just fine with something a whole lot cheaper in price tag. Would you go for something used or something you may already have? Just think over it. I know I do.

“In order to create real wealth, you need to stop spending your future wealth, and this includes on goods or services that you want today, and will eventually deprive you of wealth for the long term,” comments Felber.

Do learn about finances as much as you can

Don’t ever let someone else make the decisions for your money. If you can’t understand finance, advises author Robert Kiyosaki, who wrote the book called Rich Dad, Poor Dad.

“Never wait around for the government, a financial adviser or your boss to help take care of you,” he adds. “You need to become financially educated so that you can make the informed decisions yourself and for you alone. Do take responsibility for both your life and future. Don’t give that right to anyone!” I got to agree with this man wholeheartedly.

Six Things You Should Do About Your Money

Money doesn’t just happen. You work hard to earn it and get the best from it. But if you’re not a good expense manager and too much of it slips through your fingers like dry sand, today is the day to think about things differently to change the rest of your life for the better.

1. Perk up your pension. The pension climate is changing so much that many financial advisers don’t talk about pensions anymore; they talk about ‘retirement income’. Do you know how much you’ll have? With auto-enrolment putting people into company schemes up and down the UK, this is probably a good time to look into just what your pension pot will be worth to you when you get to retirement age. The government’s Money Advice Service has a really useful online calculator allowing you to get an idea of how much you might have when you retire. If you’ve done the calculation and find there’s not as much as you thought there might be, now’s the time to pay more in. The sooner you start, the larger your pension pot will be. Talking to an independent financial adviser can be invaluable.

2. Keep saving. Living ‘hand to mouth’ with your money is fine – until something unexpected happens, like needing a new central heating boiler, a big bill on the car, or a sudden hike in season ticket prices for your commute. Putting a little bit away each month will cushion the blow when it comes (and it surely will eventually), but before then, you’ll reach the point where you have sufficient funds for a holiday without spending it all. The equivalent of a month or two’s salary is a good cushion to aim for.

3. Divide and conquer. If you’re not a good money manager, and find you’ve overlooked a standing order the suddenly dips your bank account into the red, consider setting up a second bank account. Get paid into the first account. Add up all the monthly bills that go straight out from the bank, and leave enough to pay them all in that account. Include a little extra for the cushion we talked about. Transfer the rest into the second account. That’s what you have to spend for the month, so you’ll have a better idea of what you can – and can’t – afford later on, to stop you having too much month left at the end of your money. Sure, there might be lean times towards the end, but you’ll be safe in the knowledge that your bill are all paid, so you’re not going to get into arrears. Setting up the arrangement could hardly be easier. The bank will help, and you can make the transfer on a standing order so you never need to think about it again.

4. Fight the impulse. So much is bought on impulse today. The thrill of the chase and the adrenaline rush of the purchase may seem less appealing if you decide later that you don’t really want, or worse still, can’t afford, your latest purchase. Never fear! If you still have the receipt, you can probably take back the expensive shoes and put the money towards the electricity bill instead. Who needs a pair of Kurt Geiger shoes anyway?

5. Count the pennies. If you’ve done what we suggest in tips 4 and 5, you can build on that success by using money management apps on your smartphone to track the spending of funds in your second account. Simply key in the value of everything you buy and assign it to a category, then the clever app will do the money management for you by adding it all up. You can even photograph receipts or do voice recordings to record your spending. Expense management was never so easy! And what’s more, seeing what you spend will let you see if there are better (or more enjoyable) ways of spending your money.

6. Make a will. This might be a tough one to talk about, but it could save your family a fortune in the long run. For example, if you’re half of a couple living together and one of you dies without having made a Will, the other may have no claim on funds you’ve saved together. A Will is the only way to issue instructions about where you want your money to go. And it’s not just about money; you may have things of great sentimental, or even financial, value that you want to go to specific people.

How to Get Lean and Mean With Money

Lean is a system of manufacturing pioneered by Toyota which has helped to make the company very profitable. One component of lean production is the elimination of wasteful practices in the process of creating a product or service for sale.

There’s a lot to be gained from adopting the lean philosophy in your personal, professional and financial life, if you want to be successful with your own goals. Let’s look at some of the ways to accomplish this.

You can get lean with your time by becoming more productive at work, getting the most out of your commuting time, using technology to improve your output, and making the right choices when spending your time to generate an income.

You can also utilise another important resource — your money — more efficiently. In theory, money is not in limited supply like time which is finite, but you still have to ensure that you make the best use of your funds to get the most optimal return.

Operate an efficient money production line

Imagine that your life was like an assembly line at a manufacturing company. Just like the person in charge of production, you would want to ensure that none of the raw materials were wasted and that you got as much finished product as possible out of your machinery time and employee effort.

Let’s review the Japanese words for inefficiencies — muda means idleness or wastage of resources when trying to complete a task; mura is the unequal or unbalanced use of different resources; while muri means the excessive or unreasonable use of a resource which could put it at risk.

In order to get the most out of the money you earn or have on hand to further your goals, you need to eliminate these types of inefficiencies. Your aim, like that of a profitable corporation, is to utilise your financial resources in ways that will allow you to get an optimal return on your money.

Don’t squander your money resources

One of the areas you may need to address is the wasteful use of money in your current spending. Do you try to find the best shopping deals to cut back on your grocery bills? Do you conserve on your usage of utilities such as light, water and petrol to get the most while spending the least?

Do you habitually use credit cards or payroll loans to finance consumer purchases? The interest you pay on debt actually represents money that has been inefficiently expended; you could have channeled those funds into productive use instead of making the financial institutions richer.

Another area of inefficiency is when you have money that sits idly in a non-interest bearing account, or funds that are not generating as much return for you as possible. You can get better interest rates on your money by simply switching from a savings account into a fixed deposit.

Try to maintain your money balance

You also need to determine if there is an imbalance or unevenness in your use of money. Are you putting too much of your resources into some areas while ignoring other important ones? Preparing a detailed budget will help you to see where you may be inefficient with your allocation of funds.

Use a budget calculator to itemise your compulsory bills and non-essential expenses over the course of a year. Are you satisfied that your expenditure items are all worthwhile, or do you need to eliminate some of your spending excesses?

Your money choices may help you with, or hinder you from achieving your goals. Consider if you could become leaner by directing more funds into savings and investments for your future needs such as buying a home, putting your children though college or planning for retirement.

Don’t overload your money capacity

You also need to assess if you’re putting yourself under financial pressure by having unreasonable expectations of what you can accomplish with the money you have. You need to be realistic about the kind of lifestyle you can afford based on the income you earn, and try to live within your means.

Let’s say that you want to buy a newer car to reduce your repair costs, but the loan repayment that would be required would jeopardise your ability to pay your other bills. Don’t think that you’ll be able to catch up if you stretch to get the vehicle; you’ll only overburden your budget with that debt.

You also have to make the right decisions when investing your money. You could lose your funds by trying to get improbable returns from get-rich-quick schemes or chancy business plans. Be practical about what you can gain given your level of experience and your ability to absorb risk.

Discussing Money With Your Adult Children

Your children are now grown and on their own, but perhaps they keep coming to you for some supplemental cash. Maybe you have sent them to college with a “budget” and they seem incapable of tracking their own spending. Maybe you wonder if they are participating in a 401K or saving that bonus they just received as you hope. We all hope that our money values have been passed down, but it is difficult sometimes to discuss personal finances with adult children. One of the hardest parts about having this discussion is trying to decide how and when to have it, but without you taking the initiative this conversation will never take place. Here are a few conversation starters and ideas we have seen work successfully.

Try starting the conversation by sharing your own mishaps and mistakes along the way. Most parents spend their life shielding their children from seeing any financial strife if possible. This is only natural, but many young adults then assume their parents never struggled with savings, a budget or credit card debt. It’s a good time to start sharing your own lessons-learned to establish an easier conversation.

A conversation on the topic of saving is another great place to start because everyone knows how important saving is. Try suggesting that a great way to save is to have their employer or bank automatically deposit a small amount of money from every paycheck directly into savings. With this approach they will get used to living on slightly smaller earnings from the start and they will also be regularly building savings for an emergency fund or future needs. Often, good savings habits solve any issues of over-spending because it is easier to think about what remains in the paycheck is all that is available for spending.

Many young adults have expenses such as rent, car payments and maybe college debt that eat up most of the money they are earning each month making it hard to manage discretionary spending. It is easy to suggest they should create a budget, but your young adult probably won’t keep a list of expenses or follow a spreadsheet budget template. To help them gain better control and understand their need for a budget, why not suggest a few online tools and apps. Send them to or Nerdwallet to see what they can realistically afford on their income. These websites also have apps they can take on the run to monitor spending and check balances.

Managing savings and spending is an important life lesson and you want to ensure your child isn’t living beyond their means. By offering guidance and checking in you’ll know you’ve delivered the advice that can help them in the long run. We know this can be difficult and sometimes we will start these discussions for our clients. We all know it’s easier to hear advice from someone other than our parents, but first you should try using some of our conversation starters and always remember there are a number of useful tools out there to get you through the process.