Siteground Hosting best option for small business based on our personal experience

Any business demands online media presence. Inspite of having solid business if the business has no website, still investors are hesitant to pick the stock of even a publicly traded company. Not to say to websites, blogs, media files that you would like to publish online needs to be hosted in 100% safe, secure, stable hosting solution. Not to mention so, I have tried handful of hosting providers from 2009 onwards. I’ve used fatcow in the beginning, gave a shot to godaddy , eventually thought of ipage and finalized on Siteground. I’ve been using siteground over past few years with zero downtime, zero issues and this is the best business investment decision that I’ve made
Not to say so I have not come across a web hosting solution to which I’m addicted to. Starting from 24×7 customer service support, knowledge of customer support which is very very rare to see in my experience, cpanel option, cache option to increase the website speed which is a major factor in SEO, siteground has everything to offer for individual, business websites.
Sitegorund is one of the cheapest hosting options I have ever come across from a stable hosting provider. I wanted to share this information with readers so that they can start their first blog, website in a stable , safe , secured hosting solution
What duration should you consider while purchasing?
To save money I’d recommend sign-up for 3 years (i.e) 36 months minimum offer that comes at incredibly low cost
Why do I recommend siteground?
I’m personally using siteground for all my websites. I found it 100% reliable. Henceforth, I wanted to share this information with you all
How can you support me?
This is an information sharing portal. I’m spending my own money to make this website up and running. If you choose to buy siteground hosting you can help me by making purchase via banner given below. I thank you all

Entrepreneurship Made Easy Checklist : Building a business from scratch

As an entrepreneur aiming to launch new business you can create a checklist based on this idea to launch your next business. This includes both online and offline model of businesses
1) Idea – Many of us think the fundamental element of any business is money.This can be true to some extent. However, idea is the key for any business. If you have money you can think about investment options like stocks, fixed deposits, CD’s, real estate to name a few. If you have an idea you can think of starting something on your own. Basically any business is built around a simple idea. IF you have both idea and money you can expand the business real quick. Money comes as supporting medium and byproduct of your hardwork. Have confidence and launch your idea today even if you are running out of resources
2) Write up – Write the steps to be followed to launch your business. This can include brainstorming sessions with your close friends, family etc. When you write the tasks to be completed you get it right most of the time
3) Prioritize – Once the steps are in place the next step is to prioritize them. This can include steps like launching business website, choosing site, pr marketing, hiring and setting up team to name a few
4) Plan – Create a plan after setting priority. This can include steps like looking for best hosting provider for your business website. In project management terms the work to be done is broken down and the work breakdown structure created in this
5) Execution– This step follows planning. The real business action starts now. This is often toughest portion of any business. Your hard work, 100% commitment, perseverance come into role in this step
6) End Result – Output of any good business is the expected end result. This usually comes in form of turnover, revenue you name it

Economic gifts to entice loved ones

As a parent, friend, kid, spouse whatever be your role in the family, social circle it becomes mandatory for you to locate the best deal and treat your loved ones with best gifts in all the seasons.
If I talk much on looking for deals, ways to save money it might sound usual. Rather I’m going to give you different perspective on what you can do one or more of these arts crafts work to entice the loved ones
1) Start learning terracotta jewelry making. You can make earrings, necklace, bangles and what not. All it needs is to join a professional terracotta jewelry making program, purchase some basic stuff needed for making the stuff, paint the jewelry in your preferred color, entice your loved ones by gifting them your work
2) Choose to crochet or knit a sweater, hat, cap, mitten, sock that fits your loved ones. Buy needles, yarn, sewing needles like tapestry needles etc. Look for training program on knitting and crochet in your locality, learn from professionals and present your work to your loved ones
3) Paper quelling is another interesting colorful art work to your loved ones in form of decorative piece, jewelry etc. Join training and have your creative work done
In all the above cases you present your work, effort and it feels extremely good to see the best job on your most loved ones. Good luck with your arts crafts gifts starting this year

Chase Sapphire Reserve Credit Card $450 annual fees validated

I logged into my chase credit card account today to check and see if it is still worth retaining chase sapphire reserve credit card spending $450 towards annual fees.

This is a fee that can never be waived. I tried contacting them couple of times in the past as Chase sapphire reserve is the best travel credit card that offers some interesting travel benefits that you can’t find in any other travel credit cards. However, chase was not willing to waive the fees. Upon analysis I found that I’ll end up positive balance inspite of spending this $450 one-time annual fee. Here is how it works

  1. Every year you can redeem $300 travel statement credit while making use of Chase Sapphire reserve credit card. That is each year starting from January upto December
  2. My annual fee renewal is due april of next year. As such I can avail $300 this year plus $300 next year towards travel statement credit
  3. In simple math this translates to $600. Henceforth, I end up $150 positive towards travel statement credits redemption
  4. Also I can redeem the chase ultimate reward points towards travel in the ratio 1:1.5. This will help me purchase a $900 worth of ticket for $900/1.5 = $600 while redeeming in the form of chase ultimate rewards of equivalent value
  5. Chase offers ultimate rewards transfer among all of its credit card accounts. If you already have a chase credit card, transfer existing balance ultimate rewards to this card to gain extra edge while booking travel
    As such it would be sensible to retain this credit card spending $450 per year

15year vs 30year Mortgage Make perfect mortgage decision

Home buying process starts with choice of mortgage programs. There are ton lots of mortgage options to choose from. 30 year fixed mortgage vs 15 year mortgage comparison has often been considered most complex decision. Most popular options are 30 year fixed, 15 year fixed. There are less known fixed rate options like 20 year fixed, 10 year fixed rate mortgages
To start with how do I determine which is the best mortgage option? If you would have zeroed down on your home purchase the next big step is to shop around for best mortgage rates and pick the right mortgage option. There are ton lots of articles that does discuss the pros and cons of choosing the correct mortgage term. In this article we want to give our honest perspective on what could serve you better
1) Interest rate – We did a quick analysis on many different interest rate options this year. Probability shows that 10-year fixed rate mortgage is the lowest APR option. It is very interesting to note that this is cheaper than 5/1ARM mortgage. If you are someone who would be interested in saving a lot on interest, 10-year fixed rate option is the best. The second best mortgage option appears to be 15-year with second best lowest APR. This is substantially lower than 30-year fixed rate. 20-year fixed rate mortgage is an average option with balanced repayment time frame
Conclusion : If you are interest rate conscious and want to save a lot, consider choosing between 15-year fixed or 10-year fixed rate mortgage
My tax consultant says that my mortgage interest is tax deductible. Why should I choose a lower time frame?
All of us get enticed by this. If you carefully analyse this is not tax credit but only tax deduction. Say, you are in 40% tax bracket and choose to take mortgage interest tax deduction. Still you are paying 60% out of pocket.
Keep this in mind when you file your taxes. If you are borrowing for your principal residence
1.1) Federal income tax deduction – mortgage interest rate, property taxes, mortgage insurance are tax deductible
1.2) State income tax deduction – property taxes are tax deductible. This varies from state to state
It would be better to have a quick consultation with your tax attorney as soon as you have chosen to give contract on your first home to get to know more details on tax deductions you can avail the current year or forthcoming year based on your adjusted gross income
2) Amortization Schedule – This is something that I did carefully look over. For simplicity, I’ve done analysis of 30-year fixed versus 15-year fixed amortization schedule comparison. Here is what I found:
2.1) In case of 30-year fixed we may have to wait 12 year 4 months for the principal amount to exceed interest amount. People claim that if we have excess funds in a particular month, we choose to pay that towards principal that month. Still we pay high interest rates. As I mentioned in first step, the interest rate deduction is only 40% and 60% excess is a loss only
2.2) If we look at the amortization schedule of 15-year fixed, about 63.3% of the amount goes towards principal from first mortgage re-payment, where as in case of 30-year fixed about 31.5% of the repayment is considered towards principal to start with
Say, you would have held the house for 5 years, the difference in the amount repaid might be around $300 to $500 on an average loan. That boils down to $18000 to $30000 in excess in case of 15-year fixed loan. About $11394 to $18990 is repaid towards principal. In case of 30-year fixed the amortization is different. Hence, it would be better to go with 15-year fixed if you can afford to do so
3) Age of the home buyer – If you are just out of college you want to max out 401k, IRA, 529 college funding in addition to your home mortgage. If the excess money needs to be invested on pre-tax basis 30-year fixed is the best
Tip :
401K, HSA, IRA contributions happen on pre-tax basis and has much bigger tax saving compared to repayment in excess in post-tax basis
If you make sufficient money to contribute towards 401k, HSA, IRA and then pay 15-year mortgage go for 15-year mortgage. Otherwise, 30-year fixed can be a good choice
3.1) If you are above 30 years of age and still done have sufficient retirement funds to start with the best option would be 30-year fixed
3.2) If you are above 30-years of age and have decent retirement funds, can make retirement investment contribution with 15-year mortgage go for it. Ideally after 15 years your home is debt free, you can use it to finance college education expenses of your kid. By 45 years of age you are free of tension and can focus on your kids education next 5 years, focus on retirement next 5 to 7 years
3.3) If you are above 40 years of age, depending on how much you make choose to balance retirement and mortgage
In any of the above cases only mortgage is risk free. Other investment options are in mutual fund and are subject to fluctuation. Even the home prices might go up or come down. You always need your own shelter and make nothing out of rental. Hence, go for it today

Money Making Hobbies

This is spring season and spring break is a perfect time to find some real good time that will help you encash your hobby. Follow these simple steps to turn your hobby into money making machine:
1) Write what you like – This is plain simple mantra. You can launch a professional website or you can confine your interest to a free blogspot and still make good revenue out of it. However, free blogspot does come with its own drawbacks. Hence, investing as little as $1 per year on domain with $1 per month hosting option does worth it. This can help you as potential career option in future
2) Teach your passion – Tutoring or teaching an often overlooked niche is the money spinner. With both parents making it to office day in day out if you have natural passion for teaching a subject you are interested in it will bring in lot of money. This can be as simple as teaching your native language to as complex as teaching a mathematical theory. If you are in grade IX teach grade VI. This will help you bringing extra cash
3) Take up part-time jobs – this will include petty jobs as small as working in a shop, car pooling, leasing your car when it is not being used. Don’t hesitate to be a chauffeur offering simple airport pickup and drop service, school pickup and drop service when you find any opportunity
4) Babysitting/Nanny Services- This is a lucrative career option that can be done on part-time during the summer or spring break. You can choose to offer babysitting services on an hourly basis. Be it your neighbor, friend, family. This can potentially turn to be a lucrative career option
5) Arts and craft work – Simple embroidery, jewelry making, doll making, knitting, crocheting and what not? Turn your art and craft passion into lucrative career. Conduct art craft workshop, bootcamps this break that will help you get school students participate in camp programs. This is a lucrative money making option
6) Gardening – Best for health, good for your family, healthy food and lots of peace.This is what gardening does bring in. Once you choose to grow at home, you can cut cost on vegetables and end up eating healthy organic vegetables at home. This also brings in feel good factor

HSA FSA Difference Advantages Disadvantages explained in detail

FSA the flexible spending account is a common benefit offered by employers to its employees on a pre-tax basis. Similarly HSA the Health Savings account is another pre-tax option available to its employees. So, what is the basic difference between Flexible Spending Account aka FSA and HSA?
1) Both are pre-tax contributions and used for eligible medical expenses including co-pay , OTC drugs  also called as over the counter drugs (only drugs labeled as FSA), prescription drug extra amount reimbursement etc
2) FSA is based on use or lose concept (i.e) How long you can withhold money in that account. It is valid for only one year typically the financial year in which you have enrolled for insurance. If the amount is not used it extinguishes at year end
3) HSA is a roll over from year to year. It can be used in retirement. Even if you switch employers you will not lose money
4) There is an annual contribution limit on FSA however there is a higher limit on HSA
5) As per latest tax rules the annual contribution limit on FSA is $2700 for 2019 and this keeps changing every year. The IRS approves $7000 as the maximum contribution amount onto HSA for 2019. This has been increasing in increments of $50 per year for the past few years. This trend is expected to continue
You have contributed excess amount onto HSA. Is there a penalty and tax associated with this? Is there a way to avoid these?
As part of personal finance investing in pre-tax instruments is an essential step that each and every one of us should consider. The basic principle of investment is start early as money has compounding nature and the earlier you start the better you are.
HSA the health savings account is an interesting pre-tax phenomenon that you can consider while choosing medical insurance. As opposed to HRA the amount invested stays with you, can be invested in mutual funds, earns fixed interest rate etc. The amount can be used to pay insurance premium in case of unemployment and what not.
HSA comes at the cost of high deductible but low premium. Also, you get employer contribution. Many insurance providers do run incentive programs that enables you to earn significant amount for say biometrics, annual physical, preventive care, health coaching for goals such as weight loss, stress management, quitting tobacco, family preventive care including kids welfare, maternity care by talking to maternity nurse etc. All these incentives are earned on completion of goals one by one.
There is a great possibility of exceeding maximum annual allowed IRS limit every year. This is an issue as the excess amount will be taxed and a penalty of 20% will have to be paid if not carefully monitored. It is recommended to monitor the amount contributed to HSA account at the end of december to make sure you dont exceed annual set limit
I have exceeded limit. I want to avoid penalty. What next?
It is easy and simple. Contact your HSA administrator before end of year or April 15th of forthcoming year at maximum particularly before filing taxes.
Get the excess withdrawal form
Fill the form and mail to P.O. Box or fax them
You get a cheque on excess amount after tax deduction
This helps you avoid penalty on excess contribution made by mistake

Is HSA same as 401K?

Though they are different entities both invest in bank deposits, mutual funds, earn dividends, earn interest and the earnings grow tax free. HSA can be utilized to pay medical bills as well as one can utilize the amount in HSA to pay insurance premium while the person happens to be out of the job. Some 401k plans allow loans of about 50% of the amount vested with a maximum limit of $50000. However, 401k loans come with some restrictions
In case of HSA though this operates as an investment account whose earnings grow tax free it may not be possible to go for a loan against HSA. All we can do is use it for acceptable medical reimbursement.

Bulk grocery purchase to save money in bulk

I went out for a shopping today. I was looking at the cost of groceries that I use on a daily basis including tooth paste, soaps,tissue papers, body wash to name a few. When I noticed the price tag I was able to see that the price of my regular toothpaste is up by 20 cents. This made me think what I can do best to save money towards my grocery purchase an unavoidable purchase made by all of us. Found some great ways to save big
How can your bulk grocery shopping help you save money?
Most of us concentrate on major items like bedding, bath, clothing, electronics to save during thanks giving day, cyber Mondays , Christmas deals, labor day sale etc. Most of us miss to see that by purchasing groceries in bulk for next 2 years( look at expiry date. Most of them can be used beyond 3 years), we can save closer to 20% to 30% on our grocery purchase. Depending on number of family members it may vary between $20 to $50.
1) Purchase tooth brush for your family in bulk – There are times wherein you get BOGO, coupons on free tooth brush etc. Avail all these opportunities
2) Purchase toothpaste in best deals available during thanks giving, Christmas sale. I’ve seen nearly 60% discount, packaged toothpaste sales saving big during these months
3) Purchase soaps, body wash solution – This can be a thanks giving day , black friday steal deal. Toiletries, perfumes will be on bulk discount with special coupons, clearance sale mainly during months of september, october, november, december
4) Look out for coupons while purchasing Laundry detergents for washing clothes. If you would like to avail coupon discount in bulk group of friends, family members can join and save big on such items
5) Purchase room cleaning solution, toilet cleaners, grease and stain remover for kitchen – This can be used for as long as 3 to 5 years. Again these items come as part of clearance, coupon sale on regular basis
6) Purchase new mob, gloves used while cleaning stove
These are some common simple purchases often overlooked during special days that come with deals like thanks giving day, labor day sale, memorial day sale, independence day sale and lots more. Make it a point not to miss this during this purchase. Always penny saved is penny earned.

IRA Retirement Account Types

There are many different types of IRA – Traditional IA, Roth IRA, Self-directed IRA etc
Similarities – All of these are self-directed retirement investment schemes. In all these schemes we can choose to invest in equities, stocks, shares, fixed income products including bank CD’s, precious metals like gold,silver,platinum,palladium
Differences – Traditional IRA is pre-tax saving whereas ROTH IRA is post tax-saving
Traditional IRA is taxable upon withdrawal. ROTH IRA is not taxable upon withdrawal and 10% penalty on early withdrawal is deferred in case of ROTH IRA
Choose the one that fits right as both are good retirement options
Self-directed IRA – This is a popular IRA among real estate investment community as the amount can be withdrawn to purchase properties both primary as well as rental properties. The rent made needs to be credited back onto IRA. Talk to your IRA provider to see if they offer one

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