As lucrative as it can be, the Olympics still proves to be an extremely expensive event for most countries to host, according to census pulled from 500 business executives.

Discussing the business of sports and the coming Olympics at the Global leadership summit held by London business school, 67% of the audience, including corporate finance leaders, agreed that the cost of hosting this prestigious event is much too high for most countries around the world. It is estimated that London’s Olympics 2012 is costing the around $17 billion (9 billion, just as the Beijing Olympics of 2008 is reported to have cost close to $40 billion (20 billion).

Even as countries around the globe struggle to cope with the financial turbulence of current, the cost of organising such a major event may be too prohibitive for many countries. The main concern for many is likely to be centred on monetary issues and financial management, although bidding to host the Olympics concluded before the start of the global recession.

Whilst many felt that the costs of the event were too steep for most countries, a 67% of others at the event also believed that the investments generated off the back of the Olympics games is substantial and highly beneficial for the host country.

Speaking at the event was Andrew Scott, professor of Economics at London Business School who chaired a team on the impact of major sport events. According to Professor Scott, “”There’s a lot of evidence to suggest that hosting an Olympics boosts trade significantly. It’s a wonderful symbol of a country’s commitment to the world and to trade.”

The census carried out with business executives who attended the global leadership submit also revealed future predictions in the sporting industry. Many believed that Asia with receive the most growth in sports in the next 10 years, with UK and Europe witnessing 4% growth, followed by Russia with 2% and America 1%.

According to survey, football was predicted to receive the highest growth over the next five years, by 44% of the audience, while rugby received 14% of the vote followed closely by 13% vote for basketball.

The event which attracted some of the most innovative minds in sports, business and corporate finance such as, Andrea Agnelli, chairman of league-winning Italian football giant Juventus, and Sean Fitzpatrick, Founder, Front Row Leadership and former New Zealand All Blacks captain, was centred around business and sports, educating on the similarities shared by both industry.

Professor Andrew Scott and London Business School academic colleagues, including Lynda Gratton, Professor of Management Practice were joined by Sir John Armitt, Chair of Olympic Delivery Authority, and Beth Comstock, Senior Vice President & Chief Marketing Officer, GE.

Freddie Mac’s recent Primary Mortgage Market Survey shows that the 30-year fixed-rate mortgage slipped to 3.78 percent yesterday, a slim drop from the averaged 30-year fixed-rate mortgage of last week which was 3.79 percent.

In the meantime, the 15-year fixed-rate mortgage remained unchanged from last week’s average 15-year fixed-rate mortgage at 3.04 percent, this according to Freddie Mac.

“Mortgage rates were virtually unchanged this week with fixed-rate loans remaining at record lows and helping to drive homebuyer affordability,” Frank Nothaft, vice president and chief economist of Freddie Mac, in a statement said.

Two home affordability indexes, the National Association of Home Builders/Wells Fargo Housing Opportunity Index and National Association of Realtors (NAR) Housing Affordability Index, show record high home affordability in the U.S.

The home affordability index of the National Association of Home Builders/Wells Fargo shows that 77.5 percent of the existing and new homes that were sold in the nation from January to March this year were affordable to families earning the national median income of $65,000.

The composite quarterly housing affordability index of NAR, meanwhile, shows that the housing affordability index jumped to 205.9 in January to March of this year.

NAR reported that this is the first time that the composite quarterly housing affordability index hit the 200 mark since 1970, the start of housing affordability index recordkeeping.

NAR’s index is based on the relationship of these three factors: median home price, average mortgage interest rate and median family income.

“For those with good credit, we’ve never seen better housing affordability conditions or market opportunities than we see at present,” NAR President Moe Veissi, in a statement said.

Barry Rutenberg, chairman of the National Association of Home Builders, in a statement said, “Homes in this year’s first quarter were more affordable than they have been at any time in more than 20 years, yet many potential sales are not happening because of overly tight lending conditions that are keeping hardworking families from obtaining a suitable mortgage.”

The chairman of the National Association of Home Builders added, “Without this (tight lending condition) significant hurdle, the housing and economic recovery could be proceeding at a much stronger pace.”

In all ages, there are lots of ups and downs in the lifespan of all. In these situations, men cannot find out the way that should decide by them. The clients might be fall in the professional misfortunes in the financial field of business or the problems in the working place of government job, or the family of a person may fall in the great distress for illness of a person of income or his premature death. In the meantime, the professional financial services stand beside the distressed persons and thus, they will get right sort of service from the experts of the financial services.

The experts of professional financial services at first take all the data of the clients. The current economical situations, the taxation, any insurance have been done or not and so on. After taking all relevant information, the service experts listen to the preparation and plan for doing some jobs. When the experts are getting information regarding the will and wish of the client, the service experts then decides the right sort of job that the client should do at the current moment.

Sometimes, the experts of professional financial services suggest taking some loans of mild interests so that the lost reputation of a business holder can regain the previous status of the business. If the previous status of the business can be regained, the person having the economical misfortune will get the lost empire that he or she leads. Thus the association is working for the clients so that they get continuous cash flow till the life’s end or till the period of illness goes over.

The fees of the professional financial services depend of the time it takes to collect the data or information of the clients. As soon as the investigation period is over, the charge of the service owner tops. They sometimes suggest some insurance authority to contact for permanent cash flow but, it is clear that they are not related to any insurance company. They always find and try to secure the permanent cash flow from the clients’ end. These type of service experts have the extensive knowledge about the critical fact solutions that helps the client best. Some financial services do not take cash in time of solving the situations that they have fallen in; they only collect fees when the cash flow starts.

Many people feel trapped by their bad financial situations. Working through them seems like a far-fetched dream, and getting past them is impossible. However, with the right advice, anyone can improve their finances. Keep reading to learn how you can work past a bad financial situation and work towards a positive one.

Do not assume your income will always be as much as you make now. Save for possible unexpected accidents. The old saying “hope for the best, but plan for the worst” is actually very good advice. Do not carry any more credit than absolutely necessary and try to limit it to a mortgage and a car payment.

Save money by figuring out how to make your own things. This can apply to many areas of your life, from clothing to food and home furnishings to cosmetics. Lumber scraps can make a great, inexpensive bookshelf, and baking soda and vinegar make great home cleaning products. Use the internet to find out how you can get creative and make more things instead of buying them.

A good personal finance tip is to make sure you have a will in place. The last thing you’d want is for your family to miss out on getting their proper inheritances because the right paperwork hadn’t been filled out. Protect yourself and your family financially by writing up your own will.

You can save money, as well as your life, just by quitting smoking. Many people spend hundreds of dollars per month on something that hurts their pocketbook and puts their health at risk. If you need help quitting, ask your doctor for advice on how to do it less painfully!

A good personal finance tip is to take an hour or two and look around your house to see if there’s any money lying around. People are often surprised with the amount of money that’s just sitting around, not being put to use. Pockets and under the couch are always great places to look.

Take stock of your monthly bills and find areas for cuts. Evaluate whether all the features of your utilities are necessary. You may find options that go unused, yet are paid regularly. You may also find special offers that cut your costs for a period of time. Just pay attention to time frames and check overall costs first.

Everyone has heard of the latte factor by now. What are you spending money on that you could omit? Remember, if this is a consistent spending habit, like your daily coffee, then you could see some major savings coming up if you do something about it. Consider the latte factor, and find out what your latte is.

If you have a lot of debt, pay off your credit card debt first. Credit card debt tends to have the highest rates of interest and the amount can build quickly and ruin your finances. Once your credit cards are paid off consider closing all but one account and then use that only for emergencies.

There’s no better day than today to start working to improve your finances. Look over the advice in the article, and see which tips will benefit you the most. The sooner you begin working towards getting out of a bad financial situation, the sooner you’ll find yourself in a good one.

While waiting for money falling from a visionary tree might seem being trapped in an illusion, you can surely make yourdream of being financially independent come true by applying for grants from the Government. The Government endows free money in the form of grants to all those who are in need ofmoney for fulfilling their necessities and wants.

The Federal Government of USA renders grants for innumerable purposes todifferent sections of society depending on their need for money. This financial subsidy lends a hand to people who wish to study,start their own business set – up, research on innovative subjects that may help the country bolster its growth and progress, etc. The main agenda of the Government behindgranting this financial support is to reduce the gap between the affluent and the indigent.

Educational grantsform a pivotal part of this scheme opening doors for maximum number of people to pursue their educational interests. Meeting the basic criteria of being above 18 years of age for a US citizen is enough to benefit from the availability of free money. Many including women would have shunned their education pinned down by financial burden. However, the Grants for women introduced with the intention of boosting their statusvis-a-vismen in the society, makesit possible for them to carry on with their educational interests. Educationhas yet not evolved to be affordable for everyone, especially when it caters todistinctive areas including technology, research, medical, etc. With the help of technology educational grants, medical research grants and education research grants, it will be possible for people interested in such prominent areas to follow their interests.

Along with encouraging education catering to such notable fields, the Government endeavorsto enhance education from the grass root level, and hence introduces Graduation school grants.Stafford loan is another special type of initiative presented to students who are underprivileged and cannot afford other educational expenses that pertain to tuition and other educational expenses. While the college grants and scholarships may only allay one’s burden revolving around college fees, there are other extra expenses involved including tuition fees, purchase of books, etcthat may hinder one’s education. These low interest loans come as a rescuer helping students continue their education undisturbedas they are entailed to pay the amount only after the completion of schooling.

Students can opt for any type of Stafford loan: unsubsidized Stafford loan or subsidized Stafford loan. In caseof unsubsidizedstandard loan, the student has to pay the accumulated interest after completing education. On the other hand, the government takes on its shoulders the responsibility of paying the interest amount, when it offers unsubsidizedstandard loan. The eligibility criteria for subsidized standard loans and unsubsidizedstandard loan differ where students who are increasingly deprived will be preferred tothe latter mentioned one.

Government grants are hence a rewarding option for the underprivileged section of the society enabling them tosurmount their financial burden at ease. USA comprises of all the information catering to grants and its availability.

Financial planning ‘s something which is really crucial in everyone’s life in every single segment . This calls for your business, your personal well being, retirement, higher education, marriage or other requirements for children or your family. As an investor myself and a dad of 2 pretty angels. I understand how valuable a sound financial planning means living a peaceful well being without any financial concerns. However , financial planning is extremely crucial regardless of your age as well as financial class a person belong to. And many of you should go along with me at the fact that not all are experts with regard to organising the finances efficiently thus I would suggest never to hesitate acquiring assistance of a professional financial planner (CPF) that will help you are organizing your personal financial affairs in the most appropriate manner. And merely a specialized or just a professional Financial Planner in India get the task completed for you. You will discover -various areas of life the place where smart financial planning is very important thus obtaining help of a professional financial planner is advised .Some of the facets are highlighted below.

Insurance plans:

Some years past insurance plan was simply something which insures dependents among the family members in case of an unfortunate event. However, all the situation has transformed entirely and today insurance is something which is more viewed like an investment gadget than the usual life cover. Moreover, as a result of entering of new MNCs in the Indian financial market there’s an introduction and gradual growth in the impact of Unit Linked Plans above the traditional Insurance Plans. Also, you can now buy Unit Linked Investment plans for several aspects of your life like. Higher education, marriage, Your retirement plans, and more. Besides, additionally, you can get tax advantages under sections 80 C according to the policy. Stable financial planning is required to carry out all these finances effectively.


We will have to adhere to several taxations regulations. Also we need to evaluate plus handle our taxes in optimal way. When calculating taxes we’ve got to take into account various facets together with investments, securities and many others. Doing all of this by ourselves often turns into very hectic. Only a Certified financial planner can look after all of your taxations in an effective manner.


Accounting or finances is generally considered to be blood and veins of any business. Operating accounts always demands proficiency. Apart from that, all businesses need to plan as well as regulate their own finances in the most appropriate manner in an attempt to steer clear of the deficits as well as fueling development of the organization. Finance planning as well as the management is the backbone of a business. And so getting the services of certified financial planner can be very crucial.

Real money also referred to as “sound money” is made up of hard assets such as gold and silver. This form of sound money starts in the ground where it is first dug up. Then it goes through processing and refinement and finally it becomes money once the refined gold or silver has been minted into coins by a government treasury. However in this day and age it is not sound money that circulates globally within each country it is another form of money known as “fiat currency”. All fiat currencies are the same but how are they created?

In America, the US dollar is the nation’s fiat currency. It all starts off with the US Treasury who creates bonds which are government IOU’s that are paid back over a specific time period with interest. The Treasury holds monthly auctions to sell off its bonds to primary dealers who are the major banks. Then the US Federal Reserve enters the game by purchasing all the bonds from the banks through something called “open market operations”. Once again the banks go back to the US Treasury auctions the next month buying more bonds and selling them to the Federal Reserve. And every month this cycle of buying and selling is repeated over and over.

Finally over time there becomes an excess of bonds at the Fed and cash in the Treasury. The Treasury now takes this excess cash and deposits it into the various branches of government. Which is then spend on wars, military, and government salaries, social programs, public work projects and other deficit spending that keeps re-occurring. Next all those government employees and military personnel take their salaries and deposit them into various bank accounts throughout the nation. This is how the fiat money now enters the commercial banking sector.

Within the commercial banking sector we now have what I refer to as “magic money creation” which is actually called “Fractional Reserve Lending”. Here is an example of how fractional reserve lending works. Let’s say someone deposits $100.00 into a bank account, the bank that received that deposit is now legally allowed to remove $90.00 or ninety percent of your deposit and re-lend it to someone else. Thereby actually leaving your account with only $10.00 or ten percent of your total deposit left inside. However your bank statement will still show the entire $100.00 dollars or one hundred percent of your deposit is still in your account.

The person who received your money from the bank as a loan will use it to buy something such as a car. Then that person will pay the car dealer with the money he borrowed. Now the car dealer will deposit this money into his own account at the bank. Now there is $190.00 on deposit and the bank can legally steal Ninety percent again or $81.00 and lend it out. The next person then comes along and borrows money. Once the new borrower pays the seller for what they bought the money again is re-deposited into the bank and now there is $271 dollars on deposit. This creation of money through deposits and loans (fractional reserve lending) keeps re-occurring to where at some point your original $100.00 deposit has grown to $1000.00 (ten times the amount of your original deposit) in fiat currency created from the bank.

The entire system of creating money from nothing is a complete scam. It all starts with the Federal Reserve and the US Treasury exchanging IOU’s. A check is an IOU for cash and a bond is an IOU to be paid back with interest at some later date. Cash comes into existence once the Fed issues someone a check. However, it’s important to note that when the Fed writes and issues a check there is no money what so ever in the account to cover the amount of that check. The account these checks are written from will always carry a zero balance.

Therefore each dollar that exists is actually borrowed and it must be paid back. Once again nothing backs these dollars except IOU’s. Furthermore, for the hard work each US citizen does to earn his or her salary, a portion of it eventually winds up at the Treasury in the form of income taxes. That pays the principle and interest on the bond that the Fed bought with a check from nothing. US citizens are forced into paying taxes for the use of our current money supply system.

This is the Ultimate Government backed and sponsored pyramid scheme where only the banking elite who own the Fed and other central banks around the world massively profit by stealing from generations of innocent citizens.

Tom Genot –

Rising debts are matters of serious concern and people do know it. You have multiple bills to pay off at the same time you are stressed off and desperately want to come out of this situation. For this you need to opt for various debt consolidation or debt settlement company to make you come out of debts. If you are able to make minimum payments then the problem that you are facing will not allow you to tackle huge number of bills, and for this debt consolidation is the best option ever known.

Going under this process remember that all your multiple bills are being consolidated under a single bill and your interest rate are reduced and your late fees and other charges may be pardoned. You are able to consolidate your bills or you can take out a debt consolidation loan or seek the help from a debt consolidation company.

Why it is necessary to be careful?

If you are seeking help from debt consolidation company, then you debts will be managed by professionals and thus you will get better rates for negotiation. However the debt consolidation companies have another set of aim they look for their own profit more than your welfare. Thus you need to be careful while undergoing debt consolidation and avoid committing silly mistakes.

What mistakes are those that are necessary to avoid?

Various mistakes are necessary to avoid while you opt for consolidation with the help of a debt settlement company. They do offer you some free debt solution but chargeable options are also there, but if you opt for the charged ones be aware of the clauses mentioned.

Do not having any kind of strategy: When you are thinking to consolidate your bills you must set a financial strategy in your mind. Putting the entire load on the debt company is not the solution. You must know how you will be able to pay towards consolidation. Consolidating bills do not mean getting rid of debts rather shuffling it a bit. Ultimately you are going to pay the debt not your company.

Selecting the wrong company: What you do next is to research well before you pick up any debt consolidation company. Check out the plans that they might offer you. You should also consider the history and details of the company. Fees that they charge are also an important factor when it comes upon choosing a debt consolidation company. You must search the details and make a comparative study and then choose out the one that suits you the best.

Not able to check your credit report: You should not go ahead or talk to any credit report company before you are able to carefully consider your credit report. It is also important to find out what they exactly earn and owe. This helps to ensure that they understand how much they are able to pay towards their consolidation amount. It is most important to know these details and thus determine the failure and success of the consolidation process.

Thus you need to be careful about the whole debt consolidation process before you pick any company to settle your debts at first hand.

Bookkeeping and accounting is among the universal realities of business management. Even so, numerous entrepreneurs without basic training in any area of business management feel no connection at all with arithmetic and figures. Most of them excel easily in networking and marketing but not keeping accounting books. This is when Bookkeeping services begin to make sense to them. The traditional way of getting your books kept is hiring an internal bookkeeper. The in-house employee is now being seen as a heavy burden that most upcoming and newly-formed businesses cannot withstand.

Every month they need a salary you have both agreed upon whether your business makes enough profits or not. There comes a time when in-house employees have to go away on a paid leave too. Training and re-training is also their legal right, not to forget that employees are also entitled to workers’ compensation and other perks. You also need enough time to conduct performance appraisals so as to decide who is eligible for perks and bonuses. In short, an internal bookkeeper is a big legal responsibility that most new businesses want to stay away from. Bookkeeping services from an outsider are much more reliable.

When time to choose external Bookkeeping services comes, you must to decide whom to hire between a freelancer and bookkeeping firm. Freelancers are not necessarily registered home businesses. They could be individuals who probably evade paying taxes themselves. On the other hand, a bookkeeping company is a duly registered business equipped with many certified bookkeepers, office equipment, latest bookkeeper’s software, and adequate office space among other things. It is always advisable to choose Bookkeeping services that are offered by a legitimate company. There are many mistakes that could result due to do-it-yourself bookkeeping. So you are not advised to keep your books personally if you are not a trained bookkeeper or accountant.

Luckily, with the help of independent Bookkeeping services providers, you can avoid making costly DIY bookkeeping mistakes. An external bookkeeper that you want to form a contract with should have proper understanding of the bookkeeping and accounting software. Nowadays big and small businesses are using software to save time and produce accurate work.

Additionally, your favorite provider of Bookkeeping services must prove their understanding of the basic accounting principles and standards followed in your country. This will help you avoid trouble with the law for submitting improperly done tax returns or for underpaying taxes. They will also keep you updated with changes of tax regulations in your industry.

Mostly an outsourced bookkeeper works from a remote office. So they expect you to be able to track daily transactions and produce source documents like receipts. Many outsourced companies offer online services. Their customers send scanned source documents to them. So you will need to keep an eye on every transaction that your business might receive every single day so as to produce the required source documents. Since they have large teams of workers, outsourced bookkeepers balance your books very fast with the software you have picked. Bookkeeping Services providers are very good at chasing invoices. They will make sure that the invoices you have sent customers are honored on time and that the invoices sent to you by suppliers are cleared on time.

You should never take any risk when it comes to investing your hard earned money. Many want to invest for long term while others may have short term requirement. By consulting an expert investment consultant, you can ensure best protection of your invested sum.

There are advisors who concentrate on specific products. Thus you will find them offering tips when the stock market is rising. Mostly they disappear when the market is facing a downturn. This is why you need to consult a trusted and committed financial advisor like Michael Rabb Newton. The best part about him is he takes full responsibility of your portfolio and keeps on monitoring it regularly. His only objective is that client’s money should not incur losses.

Take a look at the background of Mike Rabb and you will know that he has worked hard to reach his current status. Finance and investment have always attracted him. Hence he planned his education and career accordingly. After completing graduation in economics from the University of Wisconsin he further did specialization in taxation from the University of New Mexico. He started his career as an assistant financial advisor with a popular investment firm in the year 2000. Since he always had this dream of setting up own business, he prepared himself gradually. After gathering enough experience and confidence, he decided to set up his own investment firm.

Michael Rabb Newton has offered investment advices to small and big investors. He is very serious about his work and keeps updating himself on the latest market condition. He is highly knowledgeable about different investment options like stock market, fixed deposit, bonds, insurance and real estate. This has helped in designing the best investment portfolio, after analyzing client’s requirements and financial status. One of his advices to clients is start early with the financial plan which helps in reaping better benefits at advanced age. Many of his clients have followed his suggestions and have benefited too.

Michael Rabb Newton always insists on having a diversified portfolio which can reduce the risk factor. Thus, he never concentrates on a single product. Rather he assesses the current market scenario and then takes action. His stock market suggestions are based on a thorough analysis. He is also highly informed about the real estate sector and can offer sound advices related to home mortgage. He suggests how to keep your mortgage debt under control and also avail of tax benefits in the process.

Plastic money has become a part of our life. For any kind of transaction, people use their credit cards. However, credit card has certain flaws of its own. People tend to get tempted and spend more with easy availability of plastic money. As a result, credit card frauds are also on the rise. Mike Rabb has offered few helpful tips on how to use your credit cards safely and what you should do if the card is stolen. He always stresses on spending wisely. He feels that this is the best way to keep your debts under control.