Monthly Archives: December 2017

Some Opportunity to Learn More About the World of Finance

In a typical college business program, you will explore many of the fundamentals of the world of finance. There are some great opportunities though to get some hands on experience. One of the best is through the Goldman Sachs summer internship program. You will learn from experts in the industry. You don’t just shadow them, you work beside them!

Make sure you pay close attention to the deadline for the application. It is earlier than many of the other internship programs offered. If you send it in late, your information won’t be reviewed. If you wait too long to start getting it all together, you may be stressed and make mistakes along the way.

Who can Apply?

Individuals enrolled in an accredited business school who will be a junior or senior can apply for a Goldman Sachs summer internship. It doesn’t matter what your particular area of study happens to be as long as it is business related in some capacity. Applicants must be in good standing academically, show community involvement, and show an interest in business.

The application process does take time so don’t drag your feet getting started. You will need to complete all sections of the application to be considered. You also need an extraordinary resume and cover letter to accompany it. Make sure your application isn’t going to get lost in the shuffle because it sounds too similar to others submitted.

This is your opportunity to shine so don’t be shy about sharing your accomplishments. To get a Goldman Sachs summer internship, you need to share your education and work experience. You need to share your skills and your community involvement. They are looking for well-rounded individuals who are inspired and motivated to make a difference in the business world.

Learning

The Goldman Sachs summer internship is offered for a period of 10 weeks. Individuals will typically work Monday through Friday for a full shift. The first part of the learning is an orientation and overview of their business operations. Next, you will be assigned to a division where you will meet other people who work there.

You will be assigned various tasks to complete so you can learn first-hand about those aspects of a business. You will have others helping you with work tasks and those you can turn to for questions. Your work will be evaluated so you can understand what you are doing well and what you need to work on with future projects.

The goal is to help your grow your knowledge and skills in various areas of business operations. That growth will occur over the span of your Goldman Sachs summer internship. This is also a prime opportunity for you to explore various aspects of the business world that interest you. Asking questions and getting insider facts and opinions can help you to determine your path.

Future Job Offers

This Goldman Sachs summer internship could be your foot in the door to a great entry level position upon graduation. The company is known for frequently making such job offers to those who show exceptional potential during the summer program. You can also decide to apply with the company in the future for a job opening.

The fact that you were once part of their summer intern program isn’t going to go unnoticed. It can help you to stand apart from other people applying for that same position. Being able to secure a job with such a remarkable company can be a dream come true!

Info Fully Maintained Novated Lease Vs Non-Maintained Novated Lease

Novated lease is considered as a financially productive way in securing yourself your dream car. There are two types of novated lease. A fully maintained lease and a non-maintained lease. Both leasing options allows you to get the car that you want through salary sacrifice and with tax benefits. However, one is more financially rewarding compared to the other. Let us differentiate the two through this article.

What is a fully maintained lease?

Fully maintained novated leases were designed with an easy life for a driver in mind. In this contract, a pre-determined amount is deducted from your wages before tax in each pay cycle to cover for the lease expense as well as the operating cost of your vehicle as well as any FBT payable.

The operating expenses that is included in your lease pay is reviewed in regular intervals to be able to be in a balanced amount. If your vehicle is costing more to operate than expected, you will be expected to add a top-up on your leasing account to meet the shortfall. On the other hand, if what is being deducted to your salary as operating expense exceeds your actual expenses, you will be reimbursed with the excess funds.

A fully lease also includes several day-to-day inclusions that can help you save more in the process.

You can basically fill up with a fuel card. Simply presenting your card to participating service stations allows you to quickly purchase fuel without having to shell out cash from your pocket.

You can call for help through a 24-hour roadside assistance to help you in case of a dead battery, flat tire or even something more serious.
High maintenance anxiety can be avoided. Maintenance of your car is paid from the funds that already deposited into your salary packaging account that ensures you to receive pre-negotiated discounts on labor and parts costs that are in line with the manufacturer’s recommendation.

Life becomes even easier with a fully maintained novated lease.

What is a non-maintained lease?

Meanwhile on a non-maintained novated lease, a pre-determined amount is being deducted from the wages each pay cycle to cover for the least costs of your vehicle and any other FBT payable. Compared to a fully-maintained novated lease, you only pay for service and maintenance costs only when they occur. This plan allows you to enjoy tax benefits while paying for your car, through salary packaging, while giving you full control of your service fee, maintenance and other operating expenses.

Now Consider While Selecting a Financial Planner

Unlike someone calling himself a CPA or a physician, just about anyone can call himself a “financial planner” or a “financial advisor” regardless of their educational background and professional experience. Moreover, not all of them are unbiased in their advice and not all of them always act in their clients’ best interests.

To ensure your financial planner is well-qualified in personal finances and impartial in his advice, consider the following five things:

1. Planning Credentials: Having a highly-regarded credential in financial planning, such as Certified Financial Planner (CFP) or Personal Financial Specialist (PFS), confirms that the professional you intend to work with has acquired the education and experience necessary to serve as a financial planner. CFP and PFS credentials are awarded to only those individuals who have met the certification requirements of education and experience in planning for personal finances. In addition, they have to pass the certification examinations and agree adhere to the practice standards and continuing education requirements.

2. Subject Matter Expertise: Financial planners are planning professionals, not necessarily subject matter experts. For example, a financial planner will be skilled in tax analysis and planning,but unlike a Certified Public Account (CPA) or an IRS Enrolled Agent (EA) he might not necessarily be a subject matter expert when it comes to tax rules Similarly,a he could be skilled in chalking out an investment plan, but unlike a Chartered Financial Analyst (CFA) he may not be an authority in the subject of investments. Work with a financial planner who is also a subject matter expert in those areas of personal finance that are important in achieving your financial goals.

3. Client Specialization: Not all financial planners serve all types of clients. Most specialize in serving only certain types of clients with specific profiles. For example, a personal planner may build his expertise and customize his services to serve only those individuals and families who are in certain professions, or a particular stage of life with specific financial goals and net worth. Ask whether the planner specializes in serving only certain types of clients with specific profiles to determine whether he is the right fit for your situation and financial goals.

4. Fee structure: The fee structure largely determines whose interests he serves best – his client’s or his own. A Fee-Only professional charges only fees for their advice whereas a Fee-Based professional not only charges fees but also earns commissions, referral fees and other financial incentives on the products and solutions they recommend for you. Consequently, the advice from a fee-only one is more likely to be unbiased and in your best interests than the advice from a fee-based financial planner. Work with a professional whose fee structure is conflict-free and aligned to benefit you.

5. Availability: He or she should be regularly available, attentive, and accessible to you. Ask the planner how many clients he currently serves and the maximum number of clients he is planning to serve in the future regularly. This clients-to-planner ratio is one of the key factors in assessing your planner’s availability to you in the future. Also, ask which planning activities are typically performed by the planner and which ones are delegated to a para planner or other junior staff members. Lastly, make sure the planner is easily accessible via phone and email during normal business hours.

Once you have shortlisted a few well-qualified and unbiased financial planners in your local area, consult the ones who offer a FREE initial consultation first. During the initial consultation, assess the planner’s availability and any other professional attributes you are seeking in your financial planner.

Having a well-qualified and unbiased financial planner by your side is extremely important in your journey towards your financial goals. When searching for one, consider the planner’s professional credentials, client specialization, subject matter expertise, fee structure, and availability to select the right financial planner for your needs.

Now Enjoy Debt Relief With Help From Bankruptcy Attorney

Financial hardships can force you to declare bankruptcy as an easier way of working around them. However, it is a process that can be very complicated and you will need the assistance of a bankruptcy lawyer to file and do everything right. Generally there are commercial bankruptcy attorneys that help with filing for business and consumer bankruptcy attorneys who file for individuals. In a commercial setting, your business gets protection from creditors whereas in the consumer setting you or your spouse gets protection from creditors and dealing with clearing the debt or setting payment plans.

When to get an attorney

One of the best steps you can make when you are facing financial hardships is accepting that there is a problem and actually taking the right step in dealing with it. Inability to pay bills, bounced checks, lack of flow cash, constant creditor and debt collector calls, debt that keeps piling up and being unsure how to handle the situation are some of the signs that you need to get yourself or your business a bankruptcy attorney.

As a struggling business, your lawyer will be able to help you get time to restructure the business and reorganize debts or in worse situations close the business. On a personal level, the lawyer will get you a fresh financial start by sacrificing some of your assets or you can reorganize debts and negotiate payments plans with your creditors if you want to repay the debts.

What to expect from the attorney

1. A bankruptcy attorney will offer you competent legal advice. They will not only advise whether declaring bankruptcy is the best way to go, but also help you with filling in the right category and advice on the best ways to use bankruptcy to achieve the financial goals that you have. As part of the advice, your lawyer will also prepare you for the process, make it as easy as possible and even share risks or possible difficulties.

2. The attorney will have the ability to handle your bankruptcy. Familiarity with federal laws on bankruptcy, local court procedures and rules and even bankruptcy trustees within your area will make the process easy for your lawyer. To enjoy this you however must ensure that you choose a lawyer who has the necessary skills and experience to handle your type of case.

3. Handling of all bankruptcy paperwork. Lengthy form packets are inevitable in a bankruptcy case, but fortunately the filing is something your attorney will do for you. The attorneys have specialized software that makes it easy for them to prepare, file required paperwork with the courts. All you will need to do is provide your attorney with all information needed to fill the forms like assets, debts, income and expenses.

4. Representation at the hearings. Bankruptcy cases can have a number of hearings. Whereas you may be required to attend the meeting of creditors hearing, your attorney can represent you in any additional hearings. This representation saves you the anguish that comes with the cases.