How to Build a Solid Financial Plan for the Future From the Base Up

Those reading this for the first time are the type of people who like to take initiative and if I have to take a wild hack at it, I would guess you want to have a real solution to some financial problems you may have. Otherwise, you are young and knowledgeable enough to realize you need a solid financial plan to help you prosper. To reward you for your actions, I will let you decipher the scene this riddle is trying to describe “A man parks his car at the Hotel, He then realizes he’s broke”…..Still guessing?…… The answer is Monopoly.

Now as much as this depicts a fictional situation, it is as much a true reality. People sometimes save up an impressive amount of money but eventually stall in their growth due to uncontrollable events. What I’m trying to get across is that great portfolios aren’t just about the profits and income they provide but as well as how much protection they have towards risk.

The risk that’s being highlighted isn’t the one that makes us weak in the knees while we all watch the stock market dive better than an Olympian diver, but rather the risk that is associated with your own production. To better understand, let’s take the illustration where you had a money making machine in your household where you would be able to print out money. Every day, from 9am to 5pm you can collect whatever money it has printed out for you. This situation would be great because everyone would love to have a money-making machine but now there is a risk associated, the machine could eventually break.

At this point, you realize how important this machine is to you and so you’d probably protect it by buying new parts and making sure it has everything it needs in order to continue printing money. The truth is that this money-making machine is indeed yourself working and so the risks are directly involved with losing the ability to work.

The reality of it is that many people are building great portfolios but the risk still lies in whether or not they will be healthy enough to continue on their plan without protecting themselves. A solid portfolio should provide Wealth management as well as Risk Management while covering 4 main areas known as short term (liquidity), long term (retirement), Disability coverage and financial security at death. I would like to go through each area to get a better understanding.

Liquidity is the accessibility of cash when you most need it. I like to look at liquidity as money set aside for 2 big reasons: 1) Business opportunities and/or 2) Emergencies.

In Business opportunities we usually set aside money so we can benefit from any unexpected offers or opportunities, for example a condo that you have never planned of buying suddenly sounds appealing or your buddy calls you and offers to start up some sort of business. In each of these situations you want to make sure that you are able to get the most out of every opportunity life throws at you.

On the flip side, when an emergency comes along, you are relieved that you have saved up a set amount of money. For example, troubles around the house are inevitable, for some it’s the roof for others it’s a plumbing issue bottom line is that everyone has emergencies whether they are big or small they are all problematic. Having that liquidity available is relieving.

Retirement is the long-term plan that determines the accuracy of your dream once the everyday routine fades and your next worry is “what can I do tomorrow”. This is the simplest area of planning but yet the hardest to achieve since a good plan is best started at a young age where retirement is but an abstract concept. The main focus in this area is that a plan is started early and is consistent throughout the desired timeframe.

Disability coverage is the insurance that covers any disability that may stop you from working or any illness that can be life-threatening.

In disability we mean any injury or event that causes an inability to work hence an inability to get paid. In these circumstances a person can end up being devastated and threaten their portfolio and even more their estate.

In illness we refer to critical illnesses stated as: Cancer, Heart attacks and Strokes. These illnesses can not only affect the person in question but their family as well. Critical illness coverage would provide a lump sum amount to any insured 31 days after diagnosis. The idea here is to provide a lump sum amount to cover any medical expenses which would potentially stop your personal growth.

Financial security at death is the area which we least want to think of, although it could be an area where if not properly looked at, could put family members or heirs in peril. The goal here is to look at the coverage necessary to leave the succession with the least problems possible.

To conclude, the solid plan lies in the ability to incorporate all 4 areas within a portfolio otherwise each missing area will simply add Risk unequal to its return to a portfolio. That extra risk can easily be avoided and many Canadians are just ignoring it when they don’t need it and beg for protection when they do need it.

A good advice would be to get in the lead and get an advantage by working the other way around: Protect yourself when you don’t need it and ignore it when it happens and you’re protected.

Are Your Kids Really Ready For Pets?

So your child wants a pet of his/her very own. Are you sure you are ready to handle it? Is he/she?

Infants can’t handle any sort of pet. They aren’t old enough to take care of one. You will have to supervise the interaction between your child and you.

A toddler will pull an animal’s tail; try to pick it up and squeeze it. You will have to supervise their together time and if you allow the child to help with feeding and cleaning you have to supervise the work, too.

A guinea pig is a recommended pet for a child from 3-5. You should still supervise the time your child spends with the animal. They like to be held and are small enough to be held by a little person. You will have to take care of feeding and cleaning the cage.

A child can handle taking care of a fish in a bowl. He/she can feed the fish and talk to it but you, the adult, will have to clean the bowl.

Children are ready to take care of a dog or cat around 12. By this age they can clean the liter box, walk the dog, make certain the animal has food and water. When your children are older teens remember that they continue to take care of the animal but when they go away to college it will become your job.

People often give baby rabbits and chicks to children for Easter. This is not a good idea. Children have a very short attention span and do not understand how fragile these animals are. In fact, I would not let anyone give a child a pet without first talking to me.

A pet is a great way to teach a child responsibility but perhaps you might start with a virtual pet. Virtual pets can either be small and portable or on the computer. They have to be housed, fed, watered, and walked. If you do not do your job, the pet will die; just like in real life.

If your child really wants a pet you might arrange for him/her to help out in a pet shop or at a shelter. Even a child as young as ten can help with food and water and exercising the animals. A child who is very careful might be able to assist with bathing or combing and brushing an animal. It is a good way to learn before you bring a pet into your house. If you do not want your child doing work in one of these venues perhaps you could ask if he/she could assist a neighbor, friend or relative with their pet on a temporary basis.

Children and pets form a lifelong friendship. Dogs and cats sleep with their child owner and would willingly give their lives for him/her. A pet can be a constant guardian for your child. A dog is a good motivational tool if your child is not an outdoors person. Having to take the dog for a walk will get him/her out of the living room and away from the television. Having the responsibility of a pet teaches discipline. The child learns that certain things must be done at certain times for the good of the animal.

Pets can be good for certain medical conditions of all members of the house and yet some children are denied pets because of allergies. Research to see what pet your child’s allergy will allow you to get.

Some children, usually the older ones, want exotic pets. I am not certain that any child is mentally ready to care for an exotic animal so if you, the parent, aren’t in for 100%, maybe you had better veto the idea before he goes to the pet store and orders his tarantula or his python. Lately geckos have become the pet du jour. The one you get will not be like the gecko on the commercial. He will be unable to communicate with your child and the child will have to make certain it gets its special insects or other food.

Personally, I cannot imagine allowing my child to bring home a hissing cockroach as a pet but that’s just me.

Online Casino Lovers

The main aim of a casino lover is to make money. Even though it is also a form of entertainment, many go in with the view of achieving and making money through the casino games. Although getting money is not always the outcome, as this is a game of chance, the hardcore casino lovers still try again. For some of the casino players, playing at home is the best option for them. This is now possible because of the introduction of online casino games that can be played from the comfort of their homes through the Internet.Many of the online casinos try to lure players by offering the players with welcome bonuses for new players and match bonuses for subsequent deposits. These bonuses are a cost of marketing that the casino is willing to incur to attract new players. The casino offers money to the new player in return for the player’s commitment to wager some amount of money usually with a minimum stated in the terms and conditions. Because of the house edge that every casino has, it ensures that the player cannot just walk out with the casino money. Some casinos may choose to restrict some games such as bingo and table games from fulfilling wagering requirements. The form and amount of the bonuses to be included in the casino bonus structure is the sole decision of the casino management. The player cannot decide which bonuses he wants offered to him by the casino.One of the bonuses offered is the non-cashable bonus type. The non-cashable bonus forms a part of the balance the casino owes to the player although it is not possible to cash out this amount. Other bonuses are the comps bonuses. The comp bonuses are readily available at land based casinos but also in some online casino games. The comp bonus is exchangeable for cash or other comps such as dinners, gifts and rooms. The amount of cash in exchange for the bonus is usually low and varies with the game selected. For example, a game of blackjack will not be same as a game of bingo.A casino will, for example, decide to offer three points for every 10 dollars wagered on blackjack and one point for each 10 dollars wagered on a game of bingo. The casino will then decide to offer 1 dollar for every 100 points. This is equivalent to 0.3% of the total waged amount on blackjack and 0.1% on bingo. Both the land based and the online casinos offer you money back, but the online casinos can’t offer you the meals and rooms. In addition, some casino will offer prizes such as free tickets to tournaments, special events, souvenirs, and payback.

$100 Bonus Offer At Casino Tropez

The most fascinating thing that is observed on Casino Tropez is the bonus of $300 bonus, which is a salutation Bonus collectively with a $250 payment bonus that is provided monthly. This type of bonus gets split among couple of players: $100 free on the primary one and $200 on the secondary one. This bonus system comes up with a number of necessities of 8 times of the play bonus and deposit. It is extremely positive in judgment to other casinos like Vegas Red and Europa Casino. Apart from these bonuses, it also provides a $500 bonus on first deposit. It is known primarily to lofty stake players. If your cash is more than $2000 or extra, you can get an immediate $500 greeting bonus also. One of the excellent contributions in Casino Tropez is faithfulness. Customary currency suggests help you to try the novel games, study the novel information and online roulette tricks or put in excellence to the existing ones as a result of which you can win gigantic jackpots. As a player of online roulette, you acquire chance to get comp points, where you can cash them out and improve your VIP status.Casino Tropez is always surrounded by the players and the people who purpose for roulette gaming these days. The greeting additional benefit is as elevated as $2000. This casino has a player tilting admiring program, which allows players to be paid spare rewards just for playing. A player can also make additional 15% bonus if they finance the gaming economic records through their e-wallets and lastly Casino Tropez has a very secure and well protected banking system.

Ladbrokes Poker – Become a Winner Today

Online gaming has widely attracted people from different walks of life who have access to the Internet to play games they normally wouldn’t play outside the comfort of their house. One such game is poker. From what is seen in the movies and television, people become afraid of playing the game because they make it seem difficult and expensive. But with the onset of the Internet, the launch of online gambling sites have dramatically increased the interest of different people for the game. This is because of the vast information that one can gather over the internet and the easy accessibility and low risk that online gambling sites offer.Online gambling sites like Ladbrokes poker give out sign up bonuses to attract new players into playing poker in their site. They also give out a lot of different bonuses that can be gained by the player by joining various tournaments. The site also runs a lot of promotions to attract more players to play in their site.Ladbrokes poker features three ways in which players can access and play in their online casinos. First is the instant play option where one can instantly access the plat area directly from their site. It’s the easiest and fastest way to play the access the play area. The second option is by downloading the software they are offering. The software features 2D graphics and can access all the games and features that the site offers. The last option is the 3D poker option. This option is the most advanced as it boasts of having 3D graphics and lets one to create a character online that can express tells and emotions. One’s character can also do tricks and can view the playing table in different angles. It’s the most advanced and interactive online poker software available in the market. It will definitely offer a unique experience for online poker players.Ladbrokes poker also offers a wide variety of casino games. One can also choose from different types of poker games like Omaha, Omaha Hi-Lo, Seven card stud, Five card draw, and Five card stud to give players variety from Texas Hold’em Poker. A player can also pay in different tables at the same time.The site also offers tutorials for beginners and features tables with different limits so that a player can choose which table is best for them. Also, a player can choose from three table sizes to limit the maximum number of players one can play with. The table sizes are large, normal and mini view. The software also provides different useful stats about the game and the players one can take advantage of.The Ladbrokes poker site holds tournaments, cash games, and promotions to keep the interest of the players and at the same time give out bonuses. They also hold a qualifying tournament for those who wants to join the world series of poker or to other prestigious televised poker tournament in the United Kingdom that offers big prizes as well as fame.

Fun Is Anywhere With Free Slots

What is in your mind when you hear the phrase free slots? You think about fun or do you think about money? Well, if you do not know the answer yet, I like to tell you my answer. Fun is the only thing that should come in your mind. Slots games are all about fun. You should simply ply them whenever you want to have quality entertainment in your life.Free slot machines are designed to mirror all the different money-paying slot machines that are out there, from traditional slot machines to new, high-paying slot machines.The strategy do not come into play with how you press a button. It is a bit different from what you might think.That would be absurd. The strategy for slots free machines and paying machines comes into play with when you want to risk more – whether it’s real money or points.But, you will learn all this aspects while you play. Now it is more important for you to get started.It’s difficult to find a free slots casino in the real world, but they do exist. A much better option for finding a free slots casino is to look online.So, whenever you want to play slots games for free, than do this online. There you have many and exciting slots games to choose. There are hundreds of games available there for you daily.Today, there is nothing like playing casino games without risking anything. If you win, you’re happy. And if you lose, you’re also happy because you didn’t lose anything. This is why free slot machines have become so popular online. Playing free casino slots can be fun, but playing free online slots is even better.Now fun is just a few mouse clicks far from you. Enter and play any time you want. There is nothing to stop you from doing this from now on. You need free time in order to play this fantastic casino games. Once you start it will be long time until you will decide yourself to stop. Till than you will certainly have maximum fun.Free slots online are mainly designed for fun. There this no other casino game available today that can compete with slots from this point of view, always remember that.Enter and play any time you like. You wont need tu use any coins, cause now you will simply use fun chips.The main idea of entertainment today is to play online from home from now on. This is a very easy casino game that everyone can play.

Table Limits – The Dreaded Minimums!

I recently had one of my proteges make a trip to Las Vegas. He was well versed in the game of craps, had studied my money management strategy, and had his game plan in order; only to run into the dreaded table minimums.He had prepared to use a moderate progression starting at $5. His bankroll and playing sessions were based on that game plan, but when he got there the table minimums at the casino where he was staying were $10 and $25. He also found out that the adjacent casinos were very similar; one was the same $10 and $25 minimums and the other was actually higher; $15, $25, and $100 minimums. He called me and asked “What do I do now?”My advice to him was simple, he had three choices: one, he could play the $10 minimums by reassessing his bankroll and doubling it (I didn’t recommend this one). It is important to feel comfortable when you are gambling; and a part of that is playing within your means, so doubling your bankroll would certainly take you out of your comfort zone.The second was he could play the $10 minimums by doubling his buy-in amount then readjust his session play to fewer tables (I didn’t recommend this one either). Basically, making a starting bet twice the amount you are normally comfortable with would also take you out of your comfort zone. And by cutting number of tables you play in half, you have pretty much ruined your plans for the weekend.Or the third choice was go find a casino or casinos that had a $5 minimum table. This one I did recommend. There are strip casinos that offer $5 minimums, as well as all of the downtown casinos, and most of the casinos off the strip. So his game was available somewhere in town, he just had to go find it. Knowing the house rules of the game you play is paramount to your success, and the table minimums and maximums are part of those rules. Know your play. Know your way.

The Roulette Wheel: Its History and Explanation

The casino game roulette has a very simple set of rules, best summed up by these three steps: bet, spin, then win or lose. The player first has to place his bets using chips exclusive to the game. Once the dealer ended the betting process, the wheel is then spun, and a ball is rolled near its rim while it’s still spinning. This ball will then determine the winning bet by landing on a pocket with a number and color corresponding to one on the betting board. This is how a single round in roulette takes place.Some people call one round of roulette a “spin” for a reason. This owes to the fact that the central element of every roulette game is neither the table nor the dealer nor the way it is played but that fancy roulette wheel that determines what the winning bet should be. Indeed, it is a lot easier to imagine the possibility of playing the game without other elements besides the wheel.Roulette in fact started from nothing more than a wheel. This wheel however can be said as something special as it is an invention of the renowned Dr. Blaise Pascal in the 17th ccentury. The contraption is supposed to assume the more glorified role of a perpetual motion machine, an apparatus that can keep on moving without the use of an external energy source. However, like all perpetual motion machines invented at the time, it apparently did not succeed in its goals. Nonetheless, it eventually became a casino novelty decades later, starting the game we now know as roulette.Those new to gambling may find the roulette wheel a bit puzzling. To their benefit, this paragraph will serve as a quick explanation of this roulette table centerpiece. It is a wheel with 37 or 38 numbered colored pockets, each representing a specific single bet. A downward slope starting from the rim which in turn is high enough for the ball not to spill out of makes sure that the ball goes down one of these slots. Now the ball is not dropped directly onto the slope, but is rather rolled in a special track near the rim, thus not quickly ending the thrill of a spin.How the numbered colored slots are laid out on the wheel depends on what version of roulette is played. In the 38-number American roulette, the two green zero slots are placed opposite of each other, which is the same arrangement with every consecutive pair, i. e. red 1 and black 2. The 37-number European roulette wheel meanwhile has a setup that’s purely random except for the color arrangement. French roulette uses the same layout, which is perhaps one of the reasons why it is often confused with the European version.The roulette wheel has gone beyond being a presumably failed physics experiment to a device with the casino game roulette created around it. We have known and loved this gambling sport, which will never be possible had someone not thought of giving the wheel a second life.