Found Money Movement

Found Money Movement

A procession of possibilities.

Financial Literacy – Ways of Making People Aware of Financial ServicesFeatured

Everyone needs financial services, even if they do not have a single penny. This is because it is impossible in this day and age to live without money and, hence, without financial services. However, a tiny fraction of the world population uses financial services, because outreach of banks and other financial institutions is small and also because people simply do not know about this ‘need’.iStock_000019679504XSmall

Urban dwellers often use formal financial services offered by banks, insurance firms, small credit agencies, but people in rural areas, especially those in developing countries, rarely do. Instead, they rely on informal financial services, which have plenty of downsides.

For instance, loan sharks are rampant in areas where formal financial services are lacking, and these opportunistic lenders simply rip money off the borrowers. In many areas, where formal saving account services are scarce, communities have come together to form informal saving groups, however, they lack proper book keeping and security is a concern.

Small Business Financing Options

dollar-sign-e13936194531904 types of viable small business financing

Many small businesses face the prospect of going under if they are not able to secure good financing. The need for quick cash injections to keep a small business running can continue even after the first few loans are acquired. However, with each loan taken it becomes increasingly difficult to get a new loan approved. Also, the number of banks and financial intuitions who are willing to lend money to small businesses are rapidly shrinking.

A regular small business loan from the bank

Before you go anywhere else the first place you should go to is your bank. Banks offer some of the best small business loans which can be used as startup capital or to further expand your business. However, your proposal needs to appeal to the bank in a way that helps them feel that giving you a loan is a worthwhile investment. If you’re just starting out your business plan should go into detail about your business and your experience. This will help the bank understand your industry and how effective you can be. Banks will also require the following details from you:

• Cash flow projections which tells them how they will get paid back and when. These should be honest figures.
• Make sure to add personal financial statements.
• If possible add past business tax returns. This will show how exactly your business has been doing.
• You need to have good credit rating to be trusted. Even though this is a small business loan but you are getting the money. Make sure to add your credit report to the file you send as part of your loan request.

Try finding micro-loans

If you are not able to acquire a regular small business loan you may try to get a micro-loan. Micro-loans allow you to borrow up to $35,000 and they are easier to get. Micro-loans work great as small term capital and for equipment purchases. Because micro-loans may require collateral the best use for it is equipment purchases since then the equipment can be put up as collateral.

Short term supplier credit

This type of loan clearly does not work for every business. So, if you’re not a retailer or a manufacturer then you’ll have little use for it. You’ll usually need to pay back this type of loan within 30 to 60 days. However, you should be aware of the fact that the interest rate on short term supplier credit is very high.

Instant small business loans

Also known as quick cash loans and quick cash advance loans these work great for businesses that are not able to find a loan anywhere else. It is also great for businesses that do not have the required assurances to secure a regular small business loan. These types of lenders will usually process your request within a few days and deposit the amount into your account. In most cases you can apply for the loan directly from the lender’s website. However, because the lender is taking a higher risk of lending you money without due diligence the interest rate is slightly higher than what banks offer.

Toppfinans is a small business finance solution. Regardless, of your business type we provide you with the financing you’ll need to run your business. We offer a quick and hassle free solution to your financial woes.

The Use Cash Movement

xbl05question_jpg_772022e.jpg.pagespeed.ic.O7czZd88ILThe banking industry is an all-encompassing, global system. I like to use the Barnum and Bailey circus metaphor: If you want popcorn when you go to the “big top” and it costs $15.00, you have no choice but to pay their price. That’s what banking has come to be – the only game in town. As such, those who own the gold make the rules about money. We’re all under the big-top!

“Any system which gives so much power and so much discretion to a few men, (so) that mistakes – excusable or not – can have such far-reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic – this is the key political argument against an independent central bank… To paraphrase Clemenceau: money is much too serious a matter to be left to the Central Bankers.” Milton Friedman, American Nobel-Prize-winning economist, 1912-2006

A growing number of people around the world are no longer fooled by the global money monopoly and how it works against them. When it come to credit and credit cards, the everyday family has been caught between a rock and a hard spot. As the cost-of-living continues to rise, personal earnings since the 70′s are, at best, flat. For the banking industry, the economic meltdown has been a perfect storm: They just so happen to have the financial product to fill the gap – more credit! The rest of the story is history. We all seem to know at least one family suffering under the burden of debt.

Despite regulations designed to curb exploitive credit-card company practices, make no mistake, they will exploit every legal loopholes possible to make up the difference.

“Every effort has been made by the Federal Reserve Board (FED) to conceal its powers, but the truth is the FED has usurped the government. It controls everything here (in Congress) and it controls all our foreign relations. It makes and breaks governments at will.” Louis T. McFadden, Congressman, 1933

Bank-issued debit cards, though helpful to wean many off credit cards, also have a shadow side. If your debit card has overdraft protection, you could get nicked $35.00 (or some amount) each time there’s not enough money in the bank account to cover the cost of the purchase. They aim to get you into the debt cycle every chance every-which-way they possibly can.

Deprive them the opportunity.

In a monopolistic banking system one option still remains… use cash! The Use-Cash Movement blossoms today as a genuine online people’s movement. Writer and small business owner, Chaz Valenza is another “little individual” (as coined by Buckminster Fuller) committed to making a big difference.

As the founder and advocate of the Use Cash Movement, Chaz Valenza has stepped up to help educate whoever has ears to hear the many benefits of the Use Cash Movement message he hopes you will also help spread.

Below, I have combined some of my thoughts with his about the benefits. When we use cash we can:

  • Deprive the banks the opportunity to make money from charging us interest.
  • Deprive the banks from using our deposits.
  • Deprive the banks of service and overdraft charges.
  • Ask for 5% vendor discounts for paying with cash.
  • Send an effective message of dissent and dissatisfaction.
  • End the taboo about talking about our finances and network with others to gain new strategies.
  • Use it as an opportunity to get more educated about money and wealth.
  • Learn fiscal self-discipline.
  • Stop a fantasy-mindset about money.
  • Gain greater peace of mind.
  • Stop going into debt.
  • Pay as we go.
  • Learn to live within our means.

Even though using cash is far from a new or complete solution to the predatory and debt-based banking industry, Chaz has created a useful platform with his educational web site. Additional millions of “little individuals” can now send an effective message of dissent up the financial-food chain simply by changing their money-platform habits!

When it comes to money matters, letter writing just doesn’t cut it the way getting the bankers “where they live” certainly could.

Plus, just the personal benefits alone make using cash worth the effort to change one’s habits. It helps people to leave behind something priceless; their entitlement mindset! The likes of Chase, Citi-Bank and Bank of America might have to reassess their marketing strategies if you quit taking their fantasy-life bait. Imagine: We no longer made purchases with money we do not have to impress people we dnot really care about!