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Financing a car the smart way

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Getting the most out of a deal is what everyone wants, but not what everyone gets. There are many ways to get the best deal when buying a car. Whether you’re looking at a brand new car or a used one, being frugal surely has its benefits. Image source: carmudi.com.ph Determine your budget and be strict in implementing it. For sure, you have a preferred model and you’ve already looked up its price. Look for better deals for both brand new and used units. Some models depreciate quickly, thus making for a good buy—so be certain to watch out for those. Steve Sorensen suggests that once you’ve seen the prices, decide if you’re getting a new car or a secondhand model. This will determine the insurance and maintenance costs. Image source: carmudi.com.ph Examine ownership costs of the car of your choice. Many cars may appear to be inexpensive. However, their insurance costs and overall maintenance can be over the top. Expect this from brands who are great with financin
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Cryptocurrency and what lies ahead for banking and finance

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My name is Steve Sorensen, CPA. While being an accountant is my job, my passion lies with helping people with their finances by giving advice and discussing about the latest banking and financial trends. Image source: ethnews.com Today, I want to put the spotlight on one of the most popular (some would say infamous) financial and technological trends in recent times – cryptocurrency. The favored son of blockchain technology, no other technological breakthrough has held as much promise and controversy as cryptocurrency. The main issue for traditionalists is quite obvious – cryptocurrency does away with banks. This brings me to the second Steve Sorensen point – how has cryptocurrency affected global banking as a whole? Theoretically, fractional-reserve banking will shoulder most of the brunt of the changes brought about cryptocurrency. Financial experts foresee a shift to the overall number of credits given, which may threaten the stability of banking as a whole. Howe
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Swindler’s list: History's biggest swindlers

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The allure of wealth and financial freedom has always been the goal of most people since the dawn of currency. Today, people can accrue money by working, but most people don’t earn enough to get rich, or at least to become rich enough not to worry about their finances. This is why there are swindlers who employ financial scams. People who are always looking for ways to earn money in the easiest and quickest way possible are prime targets for swindlers, and history has several big names to use as examples. Here are some of the biggest swindlers in the country. Steve Sorensen Embezzlement. Charles Ponzi Charles Ponzi is the father of the Ponzi scheme. What started as a legitimate business ended up as the foundation of the pyramid scheme. Basically, he used money from new investors to pay his old investors who end up re-investing on his business. At the height of his career, Ponzi was earning one million dollars per day. Steve Sorensen Embezzlement . Lou Pearlman Lou Pearl
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