Financially Genius https://www.financiallygenius.com All Your Financial Needs In One Place Fri, 24 Jun 2022 16:34:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.0 https://www.financiallygenius.com/wp-content/uploads/2019/02/cropped-FinanciallyGenius-1-32x32.png Financially Genius https://www.financiallygenius.com 32 32 Investing in Farmland Helps You Preserve Your Future https://www.financiallygenius.com/investing-in-farmland-helps-you-preserve-your-future/ https://www.financiallygenius.com/investing-in-farmland-helps-you-preserve-your-future/#respond Mon, 27 Jun 2022 16:30:12 +0000 https://www.financiallygenius.com/?p=2092 We’re often overwhelmed by the choices available when it comes to investing. And overwhelmed by the multitude of people telling us what we should be doing and how we should be investing our money, but if you’re looking for something that can help you create a strong future, investing in farmland is a great way to go.

We all need food to survive, meaning farmers are the very lifeblood of our country and our community. Without them, we wouldn’t have that food, and without support, they wouldn’t be able to run their farms.

After all, farming is expensive. And growing a farming operation is extremely expensive as well. So, farmers also turn to investment options, but not in the way you and I do. Instead, they turn to investors and ask for assistance in finding the things they need.

You (and other investors) then get the opportunity to invest in those farms to give them the money they need for equipment, supplies, and more. And in return, you get to partake in the financial returns that come from that investment. When the farm starts to do better and starts to make more money, you will make a bigger return on your investment.

Investing in farmland means doing something that directly benefits the people who make our food and help us to survive. Of course, this benefit could come from large corporate farms. Still, conglomerates of smaller, family-owned farms can band together to enter the market. This can be a great way to help those smaller farms compete with some of their larger counterparts in ways they wouldn’t be able to on their own.

Investing in Farmland is Helpful to Others

When you’re able to help these smaller farms, you’re creating an even greater opportunity for those who may not be able to afford the upgrades and changes they need, which is also a great way of giving back and helping those who need it. So if you’re interested in supporting small, local businesses, this is an opportunity to do so in a bigger way.

All-in-all, investing in farmland is a great way to go if you want to make a return on your investment. It’s also a way to help the farmers who keep our society going. All that means is you will be doing much good with your money, both for yourself and others.

Suppose you’re interested in investing in farmland. In that case, you can contact FarmTogether to find out more about the options and what type of investment options are available for you. You could make a difference in how food in our country is produced and help set up your future in big ways.

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Choosing the Best Outsourced Accounting Services https://www.financiallygenius.com/choosing-the-best-outsourced-accounting-services/ https://www.financiallygenius.com/choosing-the-best-outsourced-accounting-services/#respond Sun, 26 Jun 2022 16:23:46 +0000 https://www.financiallygenius.com/?p=2090 When it comes to your business, you always want to know you’re doing the best you can, right? You want to ensure that you have the best product or service and the best team to provide that product or service. You also want to be sure that you are making all the right decisions, but if you’re doing your accounting, you might not be. That’s why looking at some of the best outsourced accounting services is a good idea.

You may not think you need outsourced accounting services for your business. Still, the truth is that this is an excellent option for just about any size of business. It takes a lot of the pressure and the stress off of you. And it makes sure that the work you need is getting done right. That way, your business is on the right track with all of your finances.

Why do you make whatever it is you make? Because you’re good at it, right? So, why would you spend time on something else when you could be focused on what you’re good at? If accounting isn’t your strong suit, don’t waste your time doing it. Instead, hire someone whose strong suit is accounting. They’ll help you every step of the way regarding your business accounts.

Best Outsourced Accounting Services With Licenses for Peace of Mind

The best thing is that when you choose outsourced accounting services, you don’t have to worry about payroll, financial reports, tax returns, and paying your taxes. The accountant you hire will take care of all of those things for you. That will be a lot easier for you, and you can reduce problems along the way.

When choosing these accounting services, find a service that uses licensed accountants skilled in all the different accounting needs your business may have. This service lets you get everything taken care of with less stress on you and your team. What could be better than that?

You’ll want to research licensing and the level of experience that the service you’re looking at has. Each industry is different, so look at whether they’ve worked with other businesses that are similar to yours or have similar financial service needs. This will help you feel more confident in the service you choose. Plus, it ensures you’re going to get the service you need.

The best outsourced accounting services can take on all the responsibility for any financial and accounting services for your business. So take some time to check out what outsourced accounting services can do for you, especially if you hire Xendoo to get you where you need to be.

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Why You Need the Best Online Checking Account for 2022 https://www.financiallygenius.com/why-you-need-the-best-online-checking-account-for-2022/ https://www.financiallygenius.com/why-you-need-the-best-online-checking-account-for-2022/#respond Fri, 24 Jun 2022 17:19:45 +0000 https://www.financiallygenius.com/?p=2088 Do you know how much interest you’re earning on your checking account? Chances are you’re not making much. That’s because interest rates on accounts have been falling nearly across the board. So, what can you do? First, you can find the best online checking account for 2022.

Online checking accounts (and savings accounts) have started to gain popularity for several reasons. For one, they have higher interest rates than standard accounts. That’s a benefit if you’re looking for a way to keep your money accessible but still get at least a decent return on your investment. Interest rates for online accounts can be slightly higher, making this an excellent option for some just on that fact alone.

Another benefit of online checking accounts is that they offer instant, 24/7 access. When trying to get money out of a traditional bank account, you must go during banking hours. While some might have online services, those services may or may not be available 24/7. They may take time to process or require a teller to authorize (which could mean waiting for actual hours. Online, however, you can take care of anything you need whenever it’s convenient for you.

Yet another benefit is the fact that anything you can do with your traditional bank account, you can do with an online bank account. You can pay bills, transfer money to different accounts, send money to others, make payments on loans, set automated withdrawals or transfers, and much more. All of that makes online accounts a good choice for just about anyone.

Best Online Checking Account for 2022 With Security and Low to No ATM Fees

When considering the best online checking account for 2022, you want to look at all these things and a few more. Look at the security features of the banking institution. These are mandated by law and ensure that your money is secure, no matter what kind of bank you choose. There’s also the benefit of convenience, the ease of opening an account, and so much more.

If you’re interested in creating an online checking account, the only downside is that some may have ATM fees to get cash. Or may require you to go to specific ATMs. But that’s not always the case. Some allow for any ATM, providing easy access to cash as needed. The key is to look at what each account offers when choosing it.

For those who want to best online checking account for 2022, check out Axos Bank. This bank will provide you with all the services and features you need and the things you’re looking for in a banking institution. Not to mention all of the benefits you want.

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Best Farmland ETF And The Benefits To Invest In Them https://www.financiallygenius.com/best-farmland-etf-and-the-benefits-to-invest-in-them/ https://www.financiallygenius.com/best-farmland-etf-and-the-benefits-to-invest-in-them/#respond Thu, 23 Jun 2022 10:47:30 +0000 https://www.financiallygenius.com/?p=2084 With the stock markets going down and the crypto space bleeding red, it is terrifying for investors to add anything to their portfolios. Don’t panic. Diversifying your portfolio investments in such challenging times is essential. One of the best ways to do this is to invest in farmland. Let us discuss which are the best farmland ETF and what their benefits are.

A Farmland ETF is an Exchange Traded Fund where the funds are being invested in farming companies. These companies produce commodities such as grains, crops, and similar products. They generally invest in both various commodities and a single commodity as well. Let us have a look at their benefits.

Diverse Portfolio

People mainly invest in stocks, mutual funds, bonds, gold, or even real estate when it comes to making gains from their capital. Due to this trend, whenever the markets go down, everyone suffers heavily like the present time. With farmland investments, you can make bets on the best farmland ETF. They give you much diversity and even protect your capital when the markets go south.

Protection Against Inflation

The inflation in the US has risen the most in 2021-22 since decades. This inflation is a very bad sign for ordinary people as it highly affects their pockets. With farmland investments, you can get much protection against inflation. The bank interest rates are almost 0 now, and the stock markets do not seem to revive anytime soon. All of this can be hedged through farmland investing. You should ideally aim to match your capital with the rising prices of the goods and services. This match gives a hedge against the rising inflation. Not to mention, the best farmland ETF always offers you this advantage.

Stable Investment

Most people are worried and tensed about their investments going down. While some people would suggest mutual funds, and some go for FDs. However, most of these investments are still a bit risky; if not, they give minimal returns. This reason is why investing in a stable source that gives a decent return is mandatory. According to the decade-old data and history, these farmland investments have been proven to be very safe and stable.

Scarce Nature

With the population rising and farms getting cut down for highways and buildings, the US is removing its farmlands. Yet, it houses 10% of the world’s farms. Still, the need for food is not going to end anytime soon. Like gold, farms are also scarce as you can’t produce it. Thus, it is a very scarce investment, and you can earn decent gains from it.

If you want a platform to invest in farmlands, you can go for FarmTogether. With a guaranteed scope of return and high-yielding performance, FarmTogether aims to maximize your capital through safe and secure ways of investment. Check out this one of the best farmland ETFs for your investing needs.

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Real Estate Investment Advice For Beginners To Make The Best Out Of It https://www.financiallygenius.com/real-estate-investment-advice-for-beginners-to-make-the-best-out-of-it/ https://www.financiallygenius.com/real-estate-investment-advice-for-beginners-to-make-the-best-out-of-it/#respond Tue, 21 Jun 2022 10:43:21 +0000 https://www.financiallygenius.com/?p=2081 Real estate investment is not as easy as it sounds. It is very important to understand the A to Z of the industry before taking any calls. To know such information, you must get the best real estate investment advice from an expert. If you are not able to find any, let us be your guide for it. We will be discussing the best tips for making the right investments in this industry. So, let’s dive into it straight away.

The Cost Of The Property

Real estate is costly. Unlike the stock and forex markets, you can’t invest a small sum in this industry. Thus, it is essential to manage your finances very well. You must set aside the investment cost entirely before moving to the next step.

Selecting The Property

Following real estate investment advice comes to the selection process. If you have already set your finances, then you can move to hunt down your ideal property as per your budget. For example, suppose you are not interested in residential properties. In that case, you can even opt for commercial properties as they give a reasonable rate of return.

The Location

Your real estate investment location is the most vital part for you. The location highly influences the value of the property. If you are getting a good deal in a remote location with no scope of growth in the next ten years, then it’s worth less. Thus, continually analyze the location.

Safeguarding Your Investment

Investments are full of risks, and taking your guard with you while you are making moves is essential. You can go for an LLC to purchase the property for you. This Limited Liability Company can protect you with sound risk management and give you valuable real estate investment advice. As these LLCs own the property, you are not liable to bear any losses if there is a problem.

Invest In Your Property To Earn More

When you buy a property, your primary goal is to earn more than you paid. Thus, you can make some improvements and modifications to your property. This method has a good impact on your property. Your investment will eventually grow in profits as your property looks good and provides value to the people.

These are some of the critical points that you must keep in mind while investing in real estate. However, suppose you are looking for good real estate investment advice. In that case, you can get in touch with Motley Fool Millionacres. It provides a good set of recommendations to its clients. From finding suitable real estate properties to offering the best plans, it gives all the support you need before investing in such fields.

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Motley Fool Monthly Picks Review And How To Use Them For Your Benefit https://www.financiallygenius.com/motley-fool-monthly-picks-review-and-how-to-use-them-for-your-benefit/ https://www.financiallygenius.com/motley-fool-monthly-picks-review-and-how-to-use-them-for-your-benefit/#respond Mon, 20 Jun 2022 10:37:34 +0000 https://www.financiallygenius.com/?p=2078 Motley Fool has been claiming to be giving 300% more returns than the S&P index in the past many years. This claim is visible from their charts, showing a comparison between their calls and the performance of the S&P index. We will review the Motley Fool monthly picks and brief you on how you can make the most of these calls.

How To Ace The Motley Fool Monthly Picks

You must keep some things in mind before using these picks to make the most out of your investments. So let’s have a look at them:

Equal Ratio

Motley Fool gives two exclusive brand new stocks monthly and their complete analysis. To make a good return, distribute your capital in 2 equal parts for this investment. For example, if you have $1000 to invest each month, then invest $500 in each of the two stocks. This split will help in making considerate gains.

Buy In Real-Time

One of the most important things is to buy the stock recommendations immediately after receiving the information. These stocks generally rally around 5% in the first few days. Thus, always keep an eye on your emails on Thursday.

Have Patience

Another major tip to not lose money through the Motley Fool monthly picks is to have much patience. If you want to trade in shorter periods to make quick gains, these suggestions are not for you. The stock recommendations of Motley Fool are purely for long-term investing. You should wait at least wait five years to earn some good profits.

Listen to Their Suggestions

There have been many cases where people tend to hold the stocks to earn more even when Motley Fool suggests selling them. Unfortunately, this tendency can backfire on your investments; thus, always plan on selling the stocks they tell you to do.

Get Instant Discount On The Stock Picks

Don’t pay the full amount if you are eager to buy their subscription plan. Instead, go to the special offer page and get a whole year of membership for the stock picks at a discount.

Talking about the review, Motley Fool’s picks have given a staggering performance over the years compared to the stock market. People have doubled or even tripled their portfolios through their monthly stock picks. So, yes, it is a good choice for you if you aim to make some decent returns.

Overall, these Motley Fool monthly picks give investors a good return percentage. What’s good about the company is that the founders are still giving away their monthly picks as they used to do. This action gives them good credibility in this field.

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Average Monthly Mortgage Payment & How To Pay It Off Faster https://www.financiallygenius.com/average-monthly-mortgage-payment-how-to-pay-it-off-faster/ https://www.financiallygenius.com/average-monthly-mortgage-payment-how-to-pay-it-off-faster/#respond Sat, 18 Jun 2022 10:30:00 +0000 https://www.financiallygenius.com/?p=2075 Getting a loan for your favorite wants and desires is very easy, but the problem arises once you start paying it back. Many people struggle to manage the average monthly mortgage payment. This problem is very serious and tense as it can significantly decrease your credit score for future uses. We will be looking at the best tips and tricks you can use to pay off these mortgages faster. So, let’s jump straight into the topic.

Refinancing Your Mortgage

If you can pay more for the mortgage, you should consider refinancing your loan. Through this, you can instantly reduce your loan tenure. Also, it will help you in lowering your interest amount. There is even a possibility that it can even come down due to market fluctuations.

Make A Budget For An Extra Payment Each Year

You can make some additional savings for an extra month of payment. This budget is an excellent way of cutting short the duration of your average monthly mortgage payment. This way, you can make more payments each year. In addition, you’ll witness that your loan amount is reducing faster than you expected through this.

Making Bi-Weekly Payment

Another great way to cut off your average monthly mortgage payment is to split your monthly amount into two equal parts. While doing this, you will be making payments for around 13 months in a year. You can easily reduce 1 to 3 years from a 15-year mortgage through this.

Send Additional Money

Suppose you are unable to make bi-weekly payments or not able to take out additional payments for the loan. In that case, you can choose to send any extra money for the principal sum. There is no better way to pay off your debts than to cut your expenses and make sacrifices. Hence, send some money separately for the principal amount.

Recasting Your Mortgage

Suppose you got a reasonable sum from your inheritance or your PF. In that case, you also have the option of recasting your mortgage. Although this feature is not available at all, the banks a lot of them have it. So all you need to do is make the payments to reduce your principal amount. Simultaneously, it will reduce your average monthly mortgage payment.

With 200+ locations in the United States, LoanDepot is one of the country’s most prominent loan mortgage and refinancing companies. You can quickly get your mortgages modified and loans refinanced with the services of LoanDepot. So whether you want to take a home loan or a home-refinance, Loan Depot has it all.

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Best Retirement Investment Companies: Benefits Of Having A Retirement Fund https://www.financiallygenius.com/best-retirement-investment-companies-benefits-of-having-a-retirement-fund/ https://www.financiallygenius.com/best-retirement-investment-companies-benefits-of-having-a-retirement-fund/#respond Fri, 17 Jun 2022 10:23:19 +0000 https://www.financiallygenius.com/?p=2073 Retirement funds are the most crucial for any individual nearing their 50s or 60s. In such cases, choosing the best retirement investment companies is very important. These companies comprise decent returns on maturity. However, many other benefits come along with these companies. Let’s have a look at them.

Long Term Investing

Unlike equity and the recently trending crypto market, these retirement funds are meant for the slow growth of your portfolio. Instead of aiming for huge returns, these funds focus on the principles of accumulation and compounding. The primary target of these funds is to give you a stable source of income when you retire.

Flexible Investment

One of the key advantages of having these retirement funds is that it is not very rigid. This flexibility means that you don’t need to buy an annuity. For example, suppose you are an investor. You can decide whether you want to withdraw a lump sum or go for the monthly annuity payments. You can choose the plan as per your financial requirements.

Cover For Insurance

In the events of the death of the policyholder, these funds act as insurance for the family members. The investor’s family can withdraw the funds in such cases. Likewise, if there is a medical emergency, the investor is also eligible to withdraw funds for their medical assistance. So, in short, the funds acts as insurance that investor can use in their time of need and support.

Tax Benefits

Under section 80CCC, if you contribute towards your retirement fund, it allows you to deduct up to Rs.1.5 lakhs. However, remember that these withdrawals from the retirement funds are subjective to taxes. If you wish to withdraw a sum from an annuity, it will have taxes based on the tax slab rate, which is used on salary income.

Protects From Inflation

One of the best advantages of having a retirement fund is that it gives a good compensation against the ongoing inflation. It lets the investors withdraw around one-third of the accumulated corpus funds after retirement. The remaining balance of the investment is utilized as a monthly annuity for the investor. Through this, the investors can keep their funds invested in the fund and return by only withdrawing a part of the funds.

When making a great retirement fund, you can check out the services offered by Rocket Dollar. The company aims to provide good returns to its users through alternate investing. They even invest in modified plans and funds curated by the users. Therefore, one of the best retirement investment companies, Rocket Dollar, can fulfill all your investing needs.

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Money Market Account Returns & Why You Should Prefer Them https://www.financiallygenius.com/money-market-account-returns-why-you-should-prefer-them/ https://www.financiallygenius.com/money-market-account-returns-why-you-should-prefer-them/#respond Wed, 15 Jun 2022 11:13:51 +0000 https://www.financiallygenius.com/?p=2070 In times of rising inflation, keeping yourself and your family protected is vital. Now, when the savings accounts in the banks are offering a pathetic 1% interest, it is impossible to save some money. In short, your money is just getting wasted in these savings accounts. The solution to all these problems is utilizing the money market account returns. Let us understand what this is and what are the benefits of using it.

A money market account is a basic bank account with a bank or a credit union that offers its users a rate of interest currently going on in the money markets. This rate is comparatively higher than the nominal saving accounts. Thus, it is always recommended to use it. Here are the benefits of using this type of account.

Easily Accessible

One of the major advantages of using these types of accounts is that you can easily access them wherever and whenever you want. This ability gives a lot of comfort and ease to the account users. So, suppose your washing machine is broken, and you want to buy a new one. In that case, you don’t need to worry about lock-in periods like a Certificate of Deposit(CD).

You can withdraw these funds from your account. However, remember that you can only make six free transactions from your account.

Savings Rate

This criterion is a no-brainer. The money market account returns are better than those offered by the banks. You can ask these companies for the best possible money market account return. One thing is that they will always outrun the nominal rates offered by the banks and their saving accounts.

Safe & Secure

Very low risk is involved up to a certain limit when using these money market accounts. This low risk is possible because they have no investments in high-risk assets and thus, protect the interests of the investors. In addition, many of these money market accounts are secured by the Federal Deposit Insurance Corporation (FIDC). So, if the government protects your money up to a limit, you can relax.

Flexible Banking

There is no boundary or limitation for using your funds regarding MMA. You can deposit, withdraw, or use your funds by writing cheques. Some banks even offer ATM cards to their users for a better experience. So, along with the good money market account returns, you also get much flexibility.

CIT Bank offers a list of offers for the users. From opening an account within minutes to receiving the best money market account returns, the users have it all with CIT Bank. Moreover, you can apply to their platform for a new MMA. The CIT Bank team will brief you about everything, and you can enjoy using all the services within some time.

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Top Credit Score Companies And How To Make The Best Out Of It https://www.financiallygenius.com/top-credit-score-companies-and-how-to-make-the-best-out-of-it/ https://www.financiallygenius.com/top-credit-score-companies-and-how-to-make-the-best-out-of-it/#respond Tue, 14 Jun 2022 20:20:04 +0000 https://www.financiallygenius.com/?p=2066 Many people don’t know how to check their accurate credit scores to use credit and loans in the future. Although numerous top credit score companies are available for this service, people are unaware. It is equally important to understand how these companies measure your credit score based on your historical activities. Let us understand this in detail:

History Of Paying Your Bills

This point is one of the most crucial points that credit bureaus consider. Your repaying history shows your credibility and timely payment of bills. You should make sure to maintain a good record of this. According to excerpts, not clearing your dues and even EMIs on time can lead to a decrease of 100 points in your credit score. So, keep this point in mind.

Credit Utilization Ratio (CUR)

Another essential factor for your credit score is a Credit Utilisation Ratio. This ratio determines the amount of credit used by you monthly in comparison with your limit. The more you use your credit, the more it increases your CUR. This rise can instantly decrease and lower your credit score.

Credit Inquiries

This section is something that most people don’t bother to pay attention to. However, suppose you are continuously applying for loans or using your credits. In that case, it can be a red flag for your healthy credit score. The more you make these requests, the more credit lending companies make hard inquiries about you. These inquiries marginally reduce your credit score as it indirectly challenges your credibility.

Various Credit Accounts

Many individuals take several loans and credits at the same time. They can be either secured loans or unsecured loans. This diversity of portfolio in your credit helps you improve your credit score. Although it is not much influential yet, it creates a difference and acts positively on your credit score.

The Duration & Age Of Your Credit History

Usually, people with more history and information get higher credibility than those with no background. This system is also applicable in the credit industry. As you take loans and credits and pay them timely over and over again, it builds you a solid credit score. So, if you have a long history of taking credits and loans and then paying your bills timely, you are on a good path. Banks and credit institutions never hesitate to offer loans to such individuals.

You can reach out to Experian, one of the top credit score companies globally. They offer complete credit reports and analysis through their expert team. Share your credit history and future credit plans with the team and get expert advice and statistics to figure out everything.

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