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Seven Reasons to Consider Investing in Gold and Other Precious Metals

There are dozens of ways to invest your money. One of which is to buy precious metals such as gold, silver, and platinum. Read on if you want to learn why this form of investment could be right for you. Gold is easy to buy Anyone can go out and buy gold. It is really easy to do. Potentially, you can go online and buy a few Morgan Silver Dollars from Golden Eagle Coins right now. Within a few days, they will be delivered. It is a fast way to start saving It is far quicker than opening a savings account. There is no need to fill out complicated forms, wait for approval and for your bank card or book to arrive. Practically anyone can invest in gold The other good thing about gold is that anyone can buy it. Provided you have the cash and are buying a relatively small amount, you can invest in precious metals. With other saving products there is always a risk that you can be turned down. For example, some banks or building societies will only allow people who have a good credit rating or a permanent address to open an account. Over the ...

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Pros and Cons of Buying Used Electronics

Pros and Cons of Buying Used Electronics

There is no doubt we are living in the age of technology. This is evidenced nearly every day as you look around you. Almost every individual from teens to adults has an electronic device of some kind. Even children younger than kindergarten age know how to use them. It’s also indisputable that technology has many advantages. For instance, you can talk to nearly anyone at any time from your smartphone. You can even use electronics, such as Amazon Echo, to run your house. But many of these useful electronic devices come at a price and it isn’t cheap.  Consider that smartphones now cost several hundred dollars, a price that has more than doubled from just a few years ago. This is why some consumers are beginning to look for alternatives such as buying products that are used rather than new. However, is buying used electronics the wisest option? Let’s explore the pros and cons of buying used electronics to help you decide what’s right for you. Pros Cost is Lower Of course, one of the first pros of buying used electronics that comes to mind is price. However, just how much difference there is in the price depends on the ...

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Why a Reverse Mortgage is a Bad Idea

Why a Reverse Mortgage is a Bad Idea

If you are a homeowner, have you ever considered getting a reverse mortgage on your home? Plenty of people have gotten them for all kinds of different reasons. For example, some people have gotten them to go back to school, pay off debt, pay medical bills, or start their own businesses. Others have used the funds for retirement, travel, or to buy a second home. At least some of these reasons to get a reverse mortgage sound like good ones. But the truth is that there are a lot of reasons why a reverse mortgage is actually a bad idea. Equity is Reduced A reverse mortgage lowers the amount of equity you have in your home. Of course, your home could increase in value over the course of the loan which may cancel out the reduction in equity. Whether or not it does depends on the amount of the reverse mortgage and how much your home increases in value. That’s a pretty big gamble to take, however. There is always a possibility that housing prices will drop causing the value of your home to dip below the amount of the loan instead. This is one reason a reverse mortgage is ...

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5 Reasons to Never Loan Money to Friends

5 Reasons to Never Loan Money to Friends

There are lots of benefits of having a close relationship with your friends. For example, you have someone to hang out with and someone who “gets” you. You also have someone you can depend on when you need help. Of course, your friends should also have these same benefits in their relationship with you. But what if they use that relationship to ask for something more? When a friend gets in a jamb, you want to help them out. But should you go so far as to also loan them money when they need it? Some people might feel differently, but there are actually several reasons you should to never loan money to friends. 1. It May Never Be Paid Back When you have a friend who needs money desperately, you probably empathize with their situation. But you should be careful to never loan money to friends without a contract in place. Without specifying these details you have no idea when or if the money will ever be paid back. In addition, the friend has no incentive to pay it back because there are no penalties for not paying. An arrangement such as this can also cause both you and ...

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How To Keep Your Valuables Safe While On Your Upcoming Vacation

It is important to make sure that you are planning in advance for much more than just where you are going to go and the places that you are going to explore. While those are very important issues to address, you’ll also want to make sure that you are putting a lot of thought into what you are going to do with all of your valuables. Remember, you will be leaving the majority of your valuables at home and then taking a small portion of them with you. Therefore, you need protection for everything everywhere. At Your Resort If you have decided to book golf in Dubai, for example, you will want to call ahead to ask about their in-room safes. If they don’t have one, you’ll want to request a room that has one. Just remember, while you can bring your own small box safe, it is something that can be easily carried out of your suit, it might not be very good at protecting your precious items. Since most people like to keep things secure such as their keys, wallet, and jewelry, this is a very important part of your planning. Should you find that the resort is ...

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