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Invoice Discounting vs. Invoice Factoring - Which One Is Better?

You may consider invoice finance if you want to improve your cash flow. Invoice financing includes invoice discounting and invoice factoring.   It is common for businesses to sell goods and services on credit to large customers, such as wholesalers and retailers. The customers do not have to pay for the purchased goods immediately. But instead, they receive an invoice that shows the amount due and the due date for payment. The provision of such credit to customers ties up the funds that businesses may otherwise use to expand and invest. To finance slow-paying receivables or ensure short-term liquidity, companies may choose to finance their invoices. In the U.S. alone, over 30% of small businesses are facing, or expect to experience, late or unpaid invoices, which have detrimental effects on company investments, supplier payments, and payroll. Fortunately, invoice financing can help you avoid these difficulties. How does invoice financing work?   What is Invoice Financing? Invoice finan
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How Much Money Do I Need To Save For Retirement?

The question of how much I should save for retirement is one that everyone asks. Depending on your current income and the lifestyle you would like to enjoy in retirement, the answer varies from person to person. On average, most people live between 15 and 20 years after retirement. Having lived longer than ever, many people do not have adequate retirement savings to sustain themselves for the remainder of their lives. A retirement savings plan is therefore essential.  It is crucial to determine how much income you will need in retirement to maintain your lifestyle. This can be done by developing a retirement savings plan. It is also necessary to consider future expenses, such as the amount of a mortgage or rent payment. For retirees to maintain their current standard of living, they typically require 80% of their pre-retirement income. In other words, if you earn $150,000 per year during your working years, you will need at least $120,000 per year to maintain a comfortable standard of

Is Accounts Receivable Financing The Right Option For Your Business?

In a business owner’s journey, they will probably need to secure additional financing to help it operate or grow. Although you have previously qualified for a traditional business loan or worked with a generous investor to fund your initial startup, those options are not guaranteed to be available the next time you need financial assistance. That is when accounts receivable financing can come in handy.   What is Accounts Receivable Financing? Accounts receivable financing, also called invoice financing , provides your business with money based on the value of your outstanding invoices. Generally, accounts receivable are assets whose value is equal to the unpaid balances on the invoices (customers who have been billed but have not yet paid). If you were to obtain a business loan, finance companies would use unpaid invoices as collateral to calculate how much money to loan you, and they will charge you a fee based on the value of your outstanding invoices.   How Does Accounts Receivable

The Best Startup Business Loans for Financing Your Business

What Is a Startup Business Loan?  A company may need to have been in operation for at least one year before it is eligible for certain types of business funding. In the case of new businesses in need of funding sooner, a startup business loan could be a good option. A startup business loan is a form of financing made available to businesses with no or little business credit history. It is common for startups to obtain funding through term loans or Small Business Administration (SBA) loans, but they may also consider business credit cards or asset-based financing. Startup owners can also utilize less traditional financing methods like crowdfunding to access the working capital they need to launch and grow their businesses.   Why are startup loans for new businesses important? Starting a business consumes many resources. In addition to finding a market fit, hiring the right team, and ensuring your product is market-ready, you will need to find ways to cover your costs. This can be somewh

How To Get Best Bad Credit Business Loans Fast?

The cash obtained from a bad credit business loan can kick-start your business’s growth and help get your finances back on track.   Understanding Bad Credit Business Loans and Credit Score Business owners with bad credit may find it challenging to finance a startup or expand their existing businesses. Fortunately, bad credit business loans can make financing more accessible, even for less creditworthy borrowers and businesses without established credit histories. In addition to transparency in pricing and terms, the best lenders can quickly fund a bad credit business loan in one to two business days. Lenders typically consider both the personal credit score of the business owner and the business credit score when evaluating a loan application. However, the applicant’s personal credit score is of even greater significance for startups and other businesses without a credit history. To qualify for a bad credit business loan, a business owner must have a personal FICO score * of at least

A Complete Guide to Investing in Gold

During times of crisis and higher-than-average inflation, gold’s price rises, making it attractive to investors looking for assets that can survive economically challenging times. Contrary to this, cash and several other asset classes lose value over time because of inflation. Moreover, gold is also more liquid than real estate and retirement accounts. Despite this, the reality of investing in gold is more complex than it may appear at first glance.   Is Gold A Good Investment? Gold has the benefit of preserving wealth. Gold has been a valuable resource used by multiple civilizations and empires for thousands of years. Many of those civilizations devised currencies that today only have historical significance. On the other hand, gold still has monetary value and can easily be bought and sold. When considering if gold is a good investment, we can compare the performance of gold with that of the S&P 500 to determine gold’s investment merits. The S&P 500 has performed significan

Why Is Retirement Planning Important?

An effective strategy for ensuring a comfortable retirement is to plan ahead. A thoughtful approach can help you maintain your lifestyle as you move to the next phase of your life, whether by keeping track of your savings or implementing strategies to generate income.   What Is Retirement Planning? Planning for retirement involves setting retirement income goals, making decisions to support those goals, and taking actions to reach those goals. Retirement planning includes: ✔ identifying sources of income, ✔ sizing up expenses, ✔ setting up a savings plan, and ✔ managing assets and risk. Estimated future cash flows are needed to assess the likelihood of achieving retirement income goals. The most straightforward way to define retirement planning is the act of preparing for life after paid work is over, not just financially but in every aspect of one’s life. Some non-financial factors include how to spend time in retirement, where to live, when to retire , etc. can influence retireme

IHerb - The Leading Online Health Product Marketplace (10% Discount Offer)

iHerb is a United States-based retailer offering over 30,000 natural products from over 1,200 popular brands. It has been the global leader in health and wellness since 1996, offering a wide range of products, including vitamins, supplements, grocery items, beauty products, and self-care items.  iHerb ships to over 185 countries, offers 34 localized payment options in 74 currencies and provides 24/7 customer support online. It ships orders quickly and at low rates and offers free shipping to over 50 countries. All orders are shipped by iHerb from its climate-controlled fulfillment centers in the U.S. and Asia to ensure product quality. For items such as those containing acidophilus which requires regulated temperatures, all iHerb distribution centers are maintained at 74-75 degrees Fahrenheit (23-24 degrees Celsius). Further, NSF International has certified iHerb's distribution facility in Hebron, Kentucky, as a Good Manufacturing Practices (GMP) facility, certifying that the compa