Getting Money Wise http://www.gettingmoneywise.com Wise Personal Finance Advice Thu, 18 Dec 2014 00:44:21 +0000 en-US hourly 1 http://wordpress.org/?v=4.0.1 How can you choose the best precious metals IRA custodian to trust your money with?http://www.gettingmoneywise.com/2014/12/how-can-you-choose-the-best-precious-metals-ira-custodian-to-trust-your-money-with.html http://www.gettingmoneywise.com/2014/12/how-can-you-choose-the-best-precious-metals-ira-custodian-to-trust-your-money-with.html#comments Thu, 18 Dec 2014 00:38:35 +0000 http://www.gettingmoneywise.com/?p=13580 Imagine a retirement future that is paved in gold,imagine retiring in the future not having to worry about the bills, the kids and just living out the rest of your days playing with your grandchildren. This is what investing in a precious metals ira is all about. It’s about laying the foundation for a rock ...

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Imagine a retirement future that is paved in gold,imagine retiring in the future not having to worry about the bills, the kids and just living out the rest of your days playing with your grandchildren. This is what investing in a precious metals ira is all about. It’s about laying the foundation for a rock solid future based on tried and tested assets that have proven themselves inflation-proof time and time again.

precious metals ira 300x179 How can you choose the best precious metals IRA custodian to trust your money with?

If you are considering opening up a precious metals IRA, your first step should be to evaluate the best precious metals IRA custodians that are in a position to manage your IRA with maximum efficiency. It is important to choose only the most reputed and reliable companies with the highest credentials in the industry. However, you need to review the history, market reputation, services offered, and business experience of such companies. In order to choose the right dealer to handle your IRA ,here is a checklist you won’t go without.

Ratings,Ratings and Ratings

As you probably know, one of the most foolproof ways of judging the trustworthiness of a company is to look at how it is ranked by the big rating agencies — Better Business Bureau (BBB), TrustLink, and Business Consumer Alliance (BCA). If you look at the ratings on these authority sites, you will see that there are many companies with top ratings from all three A+ from BBB, AAA from BCA and 5 stars from TrustLink. However, if you look at the customer’s testimonials in more detail, you will realize that these ratings don’t tell the whole story, so you can’t base your choice on these ratings and nothing else. Whether you’re funding your purchase with an IRA or you’ve got plans to purchase outright, there’s an element of trust involved in the relationship between you and your dealer. Social proof, that is professional reputation and customer word-of-mouth, goes a long way.

A Physical Address

A brick and mortar address gives you a sense of whether the company you’re dealing with is legitimate. It gives you something tangible to consider when you’re dealing with a business.

Variety

To a certain degree, finding a dealer is like dating with the intention of settling down. You don’t want to be “playing the field” after learning the hard way that your company doesn’t have everything you’re looking for.

Thoroughness

There’s nothing worse than purchasing a coin or bar only to discover that they’re the wrong ones or that you’ve been quoted the wrong price. Don’t settle for anything less than a company that’s serious about doing right by its clients.

Accessibility

In short, accessibility’s a sign that your dealer is likely safe to work with. It makes it easier for you to keep track of the transaction and to feel like you’re in control of what’s happening during every phase. Now that we’ve gone over the qualities that you want your precious metals firm to have, what are some definite signs that you should hire someone else?

Signs You Need to Keep Looking 

Inaccessible Account Manager

Always busy and way too casual about returning your calls. Professionalism is an absolute must when it comes to financial transactions. If your account manager’s difficult to get a hold of, you may want to start exploring your options.

Overcharging

Many gold bullion coins and bars are priced according to the market value of the metal and it’s true that large quantities generally have a lower premium over the spot price of gold. Variation is to be expected but significantly higher prices could be a sign that the company doesn’t have your best interests at heart.

Questionable Premises

Is the dealer located in a seedy part of town? Does the company appear to lack physical assets? While not every company will be operating out of a skyscraper, an office building that’s falling apart doesn’t bode well for the long-term stability of your investment. This is especially true if you plan to make multiple purchases.

No Premises

If you’ve got nothing but a private phone number or a contact form to work with, that’s a huge red flag. As was touched on earlier, accessibility is the key here. Purposeful attempts to obfuscate could mean that your dealer has something to hide.

Pushiness

Hard sells, constant sells, and people making you feel guilty for not buying. It’s important to remember that as the customer, you’re supposed to be in charge. A company that pushes you into making purchases before you’re ready isn’t one that has your best interests at heart. Much of how to choose the best precious metals ira company depends on you. What you want and need may differ from what your co-worker’s searching for.

A Final Word

As with any type of retirement accounts, you will have the pros and cons. If you decide on which precious metals IRA company is right for you, then you will be ahead of the game, and ready to breathe a little bit easier. Once you find the right specialist to manage your money, you will be well on your way to a rewarding retirement.

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A Beginner’s Guide to Real Estate Investmenthttp://www.gettingmoneywise.com/2014/12/a-beginners-guide-to-real-estate-investment.html http://www.gettingmoneywise.com/2014/12/a-beginners-guide-to-real-estate-investment.html#comments Wed, 10 Dec 2014 03:41:52 +0000 http://www.gettingmoneywise.com/?p=13575 Venturing into the world of property rental can lead to a fulfilling, rewarding experience. Before you hit that sweet success point, however, you need to be prepared for what lies ahead. Contrary to most reality real estate TV shows, where houses are flipped or rehabbed in an incredibly short period of time, filling the owner’s ...

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Venturing into the world of property rental can lead to a fulfilling, rewarding experience. Before you hit that sweet success point, however, you need to be prepared for what lies ahead. Contrary to most reality real estate TV shows, where houses are flipped or rehabbed in an incredibly short period of time, filling the owner’s pockets just as rapidly, it takes a lot of hard work — and often failure — to become a successful real estate investor.

real estate destinations asia thumb41 300x148 A Beginners Guide to Real Estate Investment

Knowing what to anticipate, and potential pitfalls you might encounter along the way, can help you successfully navigate the world of real estate investment. According to landlordstation.com, 89 percent of Americans are non-investors. Of the remaining population, 3 percent (7 million) of Americans think of themselves as real estate investors and aim to buy property within the next year. Additionally, eight percent already own investment property but do not have current plans to buy more. The same source indicates that 39 percent of active investors want to increase their purchases, while 26 percent plan to buy as much real estate in the coming year as they did in the past year. Only a handful remain undecided or say that they would not buy any more investment properties.

Feeling encouraged by these statistics? Real estate investment can undoubtedly be a lucrative business. As a beginner, however, you’ll want to start off slow and work your way up. This often means starting with a list of goals, such as how much time you can consistently devote to searching for the best bargains or whether you have the skills to deal with tenants if you purchase a rental property. Figure out how much money you want to invest — and ultimately earn — from your investments.

Whether it’s a Certified Property Manager (CPM) — expert in real estate management — or a real estate investment expert, having a guide to help can be a huge benefit, especially when you’re just starting out. Some organizations specialize in specific areas. Crawford Park Financial focuses on urban apartment investment, which is becoming increasingly important due to the rising demand among millennials who are entering the market and baby boomers looking to downsize. An expert can also help you understand which properties to research while navigating pitfalls along the way. For example, investment apartments vacancies often rise during periods of economic trouble or downturn. In 2009, the rate of nationwide vacancies rose to eight percent, and many young apartment renters moved back home to save money. Whether you’re focused on a particular area or are simply curious, having a trusted guide to assist you along the way is a great start.

Before you pony up for that first investment property, make sure that you are financially stable enough for the venture. If not, you might want to wait a few years before attempting your first real estate investment. The ultimate goal is to invest with enough money left over to ease any concerns about repairs or maintenance. It’s better to purchase a property with the goal of having extra cash flow, rather than desperately needing the rent money to maintain or pay off the unit.

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7 Steps to Your Cookie Dough Fundraising Successhttp://www.gettingmoneywise.com/2014/12/7-steps-to-your-cookie-dough-fundraising-success.html http://www.gettingmoneywise.com/2014/12/7-steps-to-your-cookie-dough-fundraising-success.html#comments Tue, 09 Dec 2014 18:38:39 +0000 http://www.gettingmoneywise.com/?p=13561 When thinking of a fund raising event, selling cookie dough can prove to be one of the most cost-effective ways to do raise money. There are several distinct differences between a cookie sale and a cookie dough fundraiser. Most significant is that there are more participants to cookie dough sales. It is easier for a ...

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When thinking of a fund raising event, selling cookie dough can prove to be one of the most cost-effective ways to do raise money. There are several distinct differences between a cookie sale and a cookie dough fundraiser. Most significant is that there are more participants to cookie dough sales. It is easier for a lot of people boys, girls, pre-teens, teens and adults to sell cookie dough. For another, It is easier to sell a lot of cookie dough, than just plain cookies. There is also the merchandise to consider: it lasts longer in the freezer, compared to cookies, in addition, it is more economical to buy cookie dough rather than baked cookies.

4204908004 f3d4d35f9e z 300x200 7 Steps to Your Cookie Dough Fundraising Success

Choose the right cookie dough maker

Getting the right supplier is a big help, whether it is in the earlier stage, or assistance in selling the cookie dough, or even in understanding the business end of the fund raising.

Initial Planning

A cookie dough fundraiser is basically a sales campaign, where the profits go to the organizing group’s planned activities or expenses. This could be team uniforms, or expenses for a trip to a state or national competition. In order to run a cookie dough fundraiser, the organizer has to get in touch with a cookie dough manufacturer. A deal is arrived at where the organizing group will sell cookie dough which the manufacturer will supply. The supplier gets paid for the merchandise at the same time they also give technical assistance in running the campaign.

Sales Monitoring

As with any venture, there should be a thorough and well-thought out plan. During the campaign itself, there should be constant monitoring of the sales by individual members. The sales monitoring can help simplify the record-keeping of the cookie dough campaign, as well as follow up on members who have not been able to sell as much as the leaders. There can also be some sales competition among the members of the team. This can help motivate the members into selling more. During the last stages of the campaign, a close out plan can also be implemented to ensure that every order has been accounted for, and the orders have been delivered.

Potential Income for Cookie Dough Fundraising

With the right supplier, the organizers can choose several options, or packages. This would depend on the amount of money the group would want to have as a goal. In addition, the organizers would have to pay for the transportation of the merchandise.

A high profit cookie dough fundraiser can yield as much as 60% profits. This is a high level and there are warnings or guidelines before the organizers can consider this option. The cookie dough packages usually become cheaper with large volume orders. The shipment cost usually stabilizes to a flat rate after a certain level. It is up to the organizers if they want to aim for their goal, or an even higher goal. But with cookie dough campaigns, there are ways to increase sales, or to upsell the cookie dough.

Help from the Supplier How to Do It

With a well managed plan, and constant monitoring, there should be no problem in setting up shop and selling advance orders to passersby. The sales people can also sell according to seasons. These could be anything like Christmas, Thanksgiving, New Year, and other seasons which can help increase sales.

Cookie Flavors

In order to cater to a lot more people, you can sell different flavors as well. Although chocolate chip cookies might be popular, it is also a good idea to sell other flavors like Chewy Macadamia cookies. You might have to experiment with what the customers might like to buy.

Make Your Cookie Dough Fundraiser Unique

It is not easy to sell anything for fund raising. To have a better campaign, the team can come up with something creative and unique. This can be a big help in meeting the group’s goals. The campaign can use unique cookie flavors, or it can have special offers for large orders.

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Payment Processing Secrets that Online Merchants Need to Knowhttp://www.gettingmoneywise.com/2014/11/payment-processing-secrets-that-online-merchants-need-to-know.html http://www.gettingmoneywise.com/2014/11/payment-processing-secrets-that-online-merchants-need-to-know.html#comments Thu, 13 Nov 2014 20:54:19 +0000 http://www.gettingmoneywise.com/?p=13556 The online business had given online payment processing programs a boost. Imagine how a low-funded company builds its fortune by simply putting up an easy payment option. Online shoppers preferred convenience and user-friendly interfaces when they do their virtual transactions. Now, in case you are one of them, there must be a few payment processing ...

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The online business had given online payment processing programs a boost. Imagine how a low-funded company builds its fortune by simply putting up an easy payment option. Online shoppers preferred convenience and user-friendly interfaces when they do their virtual transactions. Now, in case you are one of them, there must be a few payment processing secrets you should know. These secrets have been known by very few others so it’s time for you to be one of these small portions of online shoppers. The question would be how does this big and small online business owners alike deal with payment processing. These secrets are learned due to great experience in terms of credit card operations and check payment handling. Working in sales and financial institutions might help but still these are essential in dealing with the existing credit card practices.

payment processing tips Payment Processing Secrets that Online Merchants Need to Know

Payment Processing Secrets You Should Know

All sorts of fees and charges may apply when you are into online shopping, and eventually, online payment. Most apps are not made for free use. Technically, it is there to make money. Development of such apps and programs has business benefits behind. Here are some payment processing secrets you must have known by now:

Have only one payment vendor for all your payment activities

You may opt to have full-service payment vendors to pay all your bills, shopping invoices, and monthly dues. This way, you get to maximize the services you are paying and you do not need to speak with different customer services in case you have seen anything that requires answer.

Know what you are paying for and how much you are charged when you pay

Online payment sites can be deceiving. You must have seen it free so you grabbed it like a hotcake. You had it thinking that you will save from it. It would be later for you to realize you paid more instead of saving.

Always check your bills and review your invoice

The ease and convenience offered by online payment services made it a quick resort among busy people who do not have time to wait on queues and long counters in paying their bills and dues. These are the same reason payment processing scheme have been made online.

Do a regular accounting of the charges you regularly pay

It may be understandable that you’re busy but you’re supposed to at least spend time doing the math of what you have been paying. Think of the likelihood of saving when you check how you can save from paying online by reviewing what you have been using for quite some time.
Digital payment processes give easy access to the institutions or firms you want to clear out you’re balanced with. The problem starts when instead of you saving money by not having to drive down to these payment stalls and wait on long line, you in turn are spending more by having the machine do the job for you. It may be beneficial at some point but when it comes to savings, you are slowly beaten down by unseen payment processing charges, especially when you are not asking for bills with regard to how much or how many times you have used the service.

For instance, Credit Card Processing Cincinnati had been out for virtual payment for quite some time and although it has been transparent, it is still best for you to learn what exactly is going on every time you process a payment with that service. The bottom line of it all is how much or how low you get charged every time you use that same service.

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Four ways to get out of debthttp://www.gettingmoneywise.com/2014/11/four-ways-to-get-out-of-debt.html http://www.gettingmoneywise.com/2014/11/four-ways-to-get-out-of-debt.html#comments Mon, 10 Nov 2014 21:36:19 +0000 http://www.gettingmoneywise.com/?p=13548 With the recent news that payday loan companies in the United Kingdom are now writing off more than £220 million worth of debts, the subject of debt is both a topical and indeed a very sensitive one. Over here in the United States, we haven’t quite got it so easy – yet. There are a ...

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With the recent news that payday loan companies in the United Kingdom are now writing off more than £220 million worth of debts, the subject of debt is both a topical and indeed a very sensitive one.

4 ways to get out of debt 300x240 Four ways to get out of debt

Over here in the United States, we haven’t quite got it so easy – yet. There are a number of ways you can get yourself out of debt without having to resort to the extremes. Here are a few tried and tested methods to get you out of struggle.

Work it out

It’s going to take time and a few home truths, but you need to figure out exactly where your debt is going and who needs repaying first. See if there are any ways of consolidating your debts or stretching them out over a longer period to make it easier on your purse-strings, or have a word with your bank manager to advise the best course of action. Organize your bills and look at what comes out on what date to make sure you’re fully aware of your finances.

Limit your guilty pleasures

Rather than looking at how your can improve your income, you can also address your outgoings and separate the essentials from the non-essentials. That morning Starbucks may give your a temporary buzz, for example, but is it worth it in the long run when you add up the costs, and heaven forbid, the calories? If you can’t handle the thought of cutting out your little pleasures altogether, consider imposing limits. For example, if you’re partial to a little online fun with slots games, such as online slots at Royal Vegas Canada, try imposing not only a budgetary but a time limit too.

Use the internet for extra income

If you’re already busting a gut working outside of your home, it can be difficult to find a second job that fits around your timetable. Thankfully, the internet is now becoming host to a number of working from home opportunities, whether it’s freelance blogging or filling out surveys. Alternatively, you could also look at selling some of your old belongings on sites like eBay or Etsy to provide you with some temporary additional funds to aid debt relief.

Look into alternative suppliers

Many of us go on paying our utilities bills without even considering if we’re getting the best deal. Next time a super-speed broadband commercial comes on, take note – you could find yourself saving hundreds of dollars over the course of a year. Talk to friends too to see which deals work best for them and consider whether or not this could be best for you.

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Creddy as an e-commerce payment systemhttp://www.gettingmoneywise.com/2014/11/creddy-as-an-e-commerce-payment-system.html http://www.gettingmoneywise.com/2014/11/creddy-as-an-e-commerce-payment-system.html#comments Thu, 06 Nov 2014 20:49:17 +0000 http://www.gettingmoneywise.com/?p=13541 Creddy has revolutionized the way online payment is done. The service has provided businesses with a perfect e-commerce payment solution and continues to make a difference. The payment system works in such as way that it allows you to make a purchase even if you do not have enough funds to finance the transaction. All ...

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Creddy has revolutionized the way online payment is done. The service has provided businesses with a perfect e-commerce payment solution and continues to make a difference. The payment system works in such as way that it allows you to make a purchase even if you do not have enough funds to finance the transaction. All you need to do is to request them to finance that portion of the transaction you are missing. It can be as little as 10% of the product price or better yet the entire amount. The e-commerce payment system guarantees satisfaction to both the online retailers and the customers because it delivers to their expectations.

creddy ecommerce payment system 300x187 Creddy as an e commerce payment system

Everything about the payment system is simplified starting with its ability to be easily integrated to any e-commerce solution to make it user friendly for its users. The payment tool can also be integrated into any payment platform or device to make it easily accessible to both the business and its customers. The software works in such a way that once the customer has shown his commitment to purchase a certain product, Creddy automatically appears among the payment options and can be easily accessed by a simple click.

How Creddy powers your purchase

Customers can make the most out of this option because Creddy gives the customer purchasing powers even when they do not have funds needed to finance their current transaction. You can imagine being in a position of purchasing a certain product when in reality you do not have any funds. Creddy gives you this ability to enjoy the product until when you are in a position of paying for the entire amount.

In the first place, Creddy is easy to start and provides you with a safe and secure way to buy goods online conveniently. If you love shopping online, then you need to embrace Creddy. The next time you’ll be making your online purchase, try looking out for the ”Buy with Creddy” option and execute the command. Once clicked, you’ll gain access to form. In simple steps, fill out the form and submit a deposit of as little as 10% of the total amount you need funded and everything else will be catered for. With Creddy, you will not feel the need of issuing the merchant/ retailer with your credit card, the service will take care of everything and make sure that product reaches you while in good shape.

Creddy gives you the freedom to shop from anywhere and at any time. You do not have to worry about your bank balance or the proximity of your payday. Before you actually accept on the terms of payment, you are given an instant decision on your purchase.

The mere fact that Creddy gives you a variety of options which are convenient to anyone means that you get flexibility in terms of their terms and conditions. With the payment tool, you can make any size of purchase whether it’s a pair of clothes or the latest technology gadget.

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How To Reduce The Risk of a Public Liability Claimhttp://www.gettingmoneywise.com/2014/10/how-to-reduce-the-risk-of-a-public-liability-claim.html http://www.gettingmoneywise.com/2014/10/how-to-reduce-the-risk-of-a-public-liability-claim.html#comments Tue, 28 Oct 2014 13:51:14 +0000 http://www.gettingmoneywise.com/?p=13534 The health and safety of your employees is usually at the front of your mind, but what about the safety of third party stakeholders who use or interact with your work environment in some way? It can all become very messy very quickly. Every business should consult with a legal specialist like Patinos Personal Lawyers ...

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The health and safety of your employees is usually at the front of your mind, but what about the safety of third party stakeholders who use or interact with your work environment in some way? It can all become very messy very quickly. Every business should consult with a legal specialist like Patinos Personal Lawyers to determine your third party liability obligations. Below are some insightful suggestions on how you can reduce your risk of a public liability claim.

Reduce Risk Public Liability Claim 300x200 How To Reduce The Risk of a Public Liability Claim

Have Insurance

As a company or business you are only asking for trouble if you do not have adequate insurance that will protect you against accidents. Remember that insurance requirements vary from company to company and from industry to industry. Just because one business has a specific type of insurance policy in place doesn’t necessarily mean it is the best fit for you. Cleary define what it is your company does and what risks it may pose to third parties, then make sure you shop around.

Review Procedures

Make sure to never sit idly by and assume that just because you reviewed safety procedures 12 months ago that everything is still in order. A lot can happen in that time. Although it might seem exhaustive, try setting up reviews every 3 or 6 months. This way you will have a regular update on the situation, have a better understanding of what procedures need to be changed or reviewed, and will have a higher chance of avoiding accidents.

Be Aware

Be aware of your surroundings and everything in them. No, you shouldn’t have to watch for what other people are doing 24/7, but it doesn’t hurt to be aware of what exactly is happening around you, and how other people interact with the environment. By doing this you will be able to take note of any additional risks that have sprung up, any changes to the environment that have occurred, and any additional warnings or signage that need to be incorporated to avoid future injuries.

Do Some Research

There is nothing better than a bit of thorough research. Other than demonstrating what safety procedures are out there and what you should be incorporating, you can also see where other people may have gone wrong. Research companies or businesses similar to your own to see what types of accidents they’ve had or what risks they didn’t account for. You can learn from these and hopefully avoid them in your own environment.

There is only so much you can do to avoid injuries being sustained by the public in your company or business. It’s important that you always remain aware and stay up to date so that if a claim is made against you, you have some legs to stand on. The best thing you can do though is be prepared for the worst, but always hope for the best.

What are some of the worst injuries you’ve seen sustained in a public place? Write your comments in the space below.

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4 Reasons a Healthcare Informatics Career Is a Profitable Careerhttp://www.gettingmoneywise.com/2014/10/4-reasons-a-healthcare-informatics-career-is-a-profitable-career.html http://www.gettingmoneywise.com/2014/10/4-reasons-a-healthcare-informatics-career-is-a-profitable-career.html#comments Mon, 27 Oct 2014 15:30:31 +0000 http://www.gettingmoneywise.com/?p=13531 Most of us will reach that point in our career when we want — or even need — a change. Maybe you are already at that point. You may even seek to pursue a lifelong dream of a healthcare career. If you are looking for a profitable career change, one that can offer a variety ...

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Most of us will reach that point in our career when we want — or even need — a change. Maybe you are already at that point. You may even seek to pursue a lifelong dream of a healthcare career. If you are looking for a profitable career change, one that can offer a variety of possibilities, then check out these four reasons to consider a healthcare informatics career.

Healthcare Informatics- The Field Is Growing

The Affordable Care Act mandates paperless medical records by 2015. Because of this, healthcare providers desperately need personnel to place the records online and administer them, not to mention maintain the systems that hold these records. Additionally, healthcare providers’ systems must be able to effectively communicate with insurance companies’ systems to make sure that patient data is correct and payments are appropriately applied.

So what does this mean for you? It means the possibility of joining a rapidly growing career field. The healthcare informatics field is estimated to see a 20% growth in the remaining years of this decade. Not many other fields can boast such tremendous growth in today’s troubled economy. Even better, the field is open to multiple backgrounds. If you have experience in healthcare, business, or IT, you may qualify for one of these positions.

You Are Not Limited to One Job Type

It can be frustrating to enter a job field and realize that you can only do one kind of position. This is not so with healthcare informatics. Employees with past healthcare experience can use their knowledge to help make sure that the systems use the proper terminology, In addition, these experienced employees already know the ins and outs of the medical field. If you have IT experience, you will find that the database administration and network security experience that you gained in a previous position will serve you well in the healthcare industry.

You May Learn a New Career

healthcare informatics career 300x199 4 Reasons a Healthcare Informatics Career Is a Profitable Career

Image via Flickr by chrisjagers

Even if you have healthcare or IT experience, you will not be limited to doing the same job that you are currently doing, except in a different workplace. People who have already entered the healthcare informatics field now find themselves developing software and providing data analysis. As the field continues to grow, the career possibilities will grow with it.

You Can Grow Within the Field

Mobility in a career leads to career satisfaction. Healthcare informatics provides the mobility that you are seeking, both inside and outside your organization. You may find yourself in line for an internal promotion. What if you decide later that healthcare informatics is not for you? The skills that you learn while doing healthcare informatics can transfer into a host of other careers.

To place yourself in line for the best healthcare informatics position, you might consider pursuing a master’s degree in healthcare informatics. With the possibility of a higher salary and more promotion opportunities, a master’s degree could put you on the fast track to career success.  Even if you do not have a program near your home, you are sure to find a healthcare informatics degree online to suit your needs.

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Half of the Cardholders Will Avoid Stores Hit by Data Breacheshttp://www.gettingmoneywise.com/2014/10/half-of-the-cardholders-will-avoid-stores-hit-by-data-breaches.html http://www.gettingmoneywise.com/2014/10/half-of-the-cardholders-will-avoid-stores-hit-by-data-breaches.html#comments Fri, 24 Oct 2014 14:58:42 +0000 http://www.gettingmoneywise.com/?p=13528 A study of a randomly selected 865 American adults who use debit or credit card showed that nearly half of them are reluctant this holiday season to return to hacked stored. We all know that data breaches are very common nowadays and people just want to protect their personal information. The study,conducted by landline and ...

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A study of a randomly selected 865 American adults who use debit or credit card showed that nearly half of them are reluctant this holiday season to return to hacked stored. We all know that data breaches are very common nowadays and people just want to protect their personal information.

The study,conducted by landline and cell phone from 2 – 3 October by Princeton Survey Research Associates International for Credit.Cards.com showed that,

  • Five percent of the respondents who use credit or debit cards would avoid stores that experienced a data breach
  • Sixteen percent of the respondents said that they would definitely not return to a store that had experienced hacking and twenty nine percent stated that they would probably not return to a hacked store.

We have been hearing a lot about data breaches in the past few years. It seems that there are lots of hackers out there who use personal data from millions of different consumers. Popular stores such as Home Depot, Michaels and Target had experienced data breaches. This means that thieves are everywhere and no store is safe.

creditcardshopping databreach 300x199 Half of the Cardholders Will Avoid Stores Hit by Data Breaches

When people hear about data breach they experience fear, because their personal data might get abused. A professor of applied economics, management and director of graduate studies at Cornell University in Ithaca, New York says that lots of people experience emotional reaction when they hear about data breaches. The first reaction is that they won’t go shopping there anymore, because their personal data might get lost. They feel like their personal rights are being violated as well as their credit. So, they become worried and it is completely normal to refuse to go shopping to the store that experienced data breach.

But there are some consumers who realize that this is now part of our society, they accept that fact and after some time, they decide to return and shop in the same store. Avoiding a store that experienced a breach depends on many factors and options such as if you own a business account for example, it is very certain that you will stay there after a data breach.

But if there are other options available you can easily leave the retailer shop you used to buy things from, and shop elsewhere. This is a fact, but it doesn’t have to mean that it is always like that.

The same study showed that women are more likely to return to the store with previously experienced data breaches. Compared to men, women are less scared about their personal data. 56 percent of them stated that they would return, 10 percent said that they would definitely return and 46 percent of them said that they would probably return to a store where a data breach had occurred. Sixty percent of the respondents with children younger than 18, said that they want to give a second chance to breached retailers.

Another interesting fact, we noticed from this study is that people who live in the West and Midwest were more willing to forgive and give another chance to breached retailers.

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Mark Cuban Thinks Lowering Student Debt Is The Answer To Saving U.S. Economy But He Himself Is A Proponent Of Unpaid Internshipshttp://www.gettingmoneywise.com/2014/10/mark-cuban-thinks-lowering-student-debt-is-the-answer-to-saving-u-s-economy-but-is-a-propent-of-unpaid-internships.html http://www.gettingmoneywise.com/2014/10/mark-cuban-thinks-lowering-student-debt-is-the-answer-to-saving-u-s-economy-but-is-a-propent-of-unpaid-internships.html#comments Thu, 23 Oct 2014 17:46:45 +0000 http://www.gettingmoneywise.com/?p=13516 I don’t claim to be an expert on economic matters and neither am I trying to poke fun at Mark Cuban. On the contrary, I hugely respect Mark Cuban for what he has achieved and I am sure he is an incredibly smart guy. Having said that, his approach to saving the U.S. economy flies ...

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I don’t claim to be an expert on economic matters and neither am I trying to poke fun at Mark Cuban. On the contrary, I hugely respect Mark Cuban for what he has achieved and I am sure he is an incredibly smart guy. Having said that, his approach to saving the U.S. economy flies right into the face of his stance on unpaid internships.

mark cuban student loan unpaid internship Mark Cuban Thinks Lowering Student Debt Is The Answer To Saving U.S. Economy But He Himself Is A Proponent Of Unpaid Internships

Student Loans Are Curtailing College Graduate’s Purchasing Power

Mark Cuban is right on point when he says that Student loans are bad for the U.S. Economy! As an international student with a decent job, a good chunk of my salary goes towards paying my student loan debt which leaves me with very little to buy things or put another way I am very cautious with my money.

“That’s the same money (loan) that, when you graduated, you used to move out of the house or you went out and spent money that improved the economy and helped companies grow”

No disagreement there Mr.Cuban, I am with you!His solution – “Cap student loans to $10,000 a year for each student” . Now I am well aware that Mark comes from the “Hustle” school of thought but if you consider any half decent school in North America, a loan of $10,000 a year might make it difficult to just pay your fees let alone be enough for you to manage your other expenses.

Hell there is a solution to that as well! Students hustle their way to part-time jobs, internships to not only gain some real-world experience but also make some money extra money on the side to support themselves while in college. Did i say Internships as a way to make some money during college? Mark Cuban seems to disagree (or atleast used to disagree back in 2009)

Mark Cuban Prefers “Unpaid” Interns

Back in 2009, Mark Cuban openly challenged the government’s stance on internships and the fact that interns should be paid if the employer is benefiting in some way. Mr. Cuban took offense to that in his widely debated post on the Maverick’s blog suggesting that “unpaid” internship is a great way for students to gain real world experience. This coming from the guy who has made his millions and owns a basketball team for crying out loud.

Now it doesn’t take a rocket scientist to put two and two together. On the one hand, Mr. Cuban suggests cutting down Student Loan debt to save the economy while on the other hand, as an employer he does not even want to pay his interns minimum wages?

You be the judge! As a hugely successful entrepreneur, I expect him to be smarter that this.

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