Money is a big part of our lives, and it can be hard to change your mindset about it. But if you want to improve your overall life, then you need to rethink how you view money. In this blog post, First Financial® looks at some of the ways you can start changing your mindset about money and improving your overall life today.
It’s important to understand the emotions that are attached to money. Acknowledge them and then take steps forward in a positive direction. This might entail Starting a Bitcoin Savings Plan at First Financial® or coming up with a plan for budgeting and saving. It will also mean being honest with yourself about debt and taking steps to pay it down.
It’s natural to compare ourselves with others, but it’s important not to focus too much on the financial success of other people. Instead, focus on making progress in your own life by setting goals, staying disciplined, and working hard towards achieving them.
If you’re looking for a foolproof way to increase your income, consider starting a business venture and forming it as an LLC. This will give your business legal protection from liability, as well as tax advantages that will help save you money in the long run. Plus, an LLC will give potential customers more confidence in doing business with you.
There are also steps you can take to increase income in your career. If you’re looking for a new job that pays more, start by creating an impressive CV. Make sure your most bankable skills are highlighted, as well as any awards or certifications you may have. Most importantly, make sure your CV is easy to read and understand so that potential employers can quickly get a sense of who you are and what you bring to the table. You can use a tool to create your template for a CV — a free, easy-to-use online option is a good place to start. You’ll be able to quickly customize your CV to show off your qualifications and help you stand out from other candidates.
Another way to improve both your earning potential and career prospects is by earning an online degree from an accredited institution. There are numerous online programs available today at different price points, depending on what kind of degree you want to pursue. Education can open doors for career advancement.
Saving money doesn’t have to be complicated — it simply requires discipline. Here are some tips to try:
Changing your mindset about money takes time, but it’s worth it as it can improve every aspect of your life. Start by understanding the emotions surrounding money, then find ways to increase income potential. And don’t forget to save! With patience, dedication, knowledge, and consistency, you, too, can change your financial future for the better.
Maybe you’re just starting a business and you are considering a high risk merchant services account? Perhaps you sell a niche product? Regardless of what the case may be, you’re having trouble obtaining traditional merchant services. Put simply, the bank finds you to be too big a risk.
Fortunately, there’s an alternative available: high risk merchant services. What do these services entail? What are their benefits?
We’re going to get into all of that and more below. Without further ado, here’s everything you need to know about high risk payment gateways and payment solutions.
To understand the concept of high risk merchant services, you must first understand the concept of traditional merchant services. Merchant services refer to the services that a bank provides so that a company can accept different types of payments.
In most cases, this refers to the acceptance of debit and credit cards. However, it also covers the realm of online payment processing.
With traditional merchant services, there’s generally a credit score requirement that must be met in order to receive such services. In addition, the provider of such services must find that your business is viable enough to justify providing such services. Therefore, if you sell a niche product, your application for such services might be denied.
Effectively, the service provider considers your business venture to be “high risk”. In other words, they’re not confident that your business is going to make enough money through their services in order to justify them giving them to you.
This is where high risk merchant services come into play. These services are available to essentially anyone, regardless of credit score, products sold, or otherwise. They ensure that you’re able to make card transactions, and thereby help to either improve the success of your business or, at the very least, keep it afloat.
We’ve discussed what high risk merchant services are. Now, let’s discuss the types of companies that might need them. In particular, there are companies that bring more risk to the table than the typical company.
They possess a variety of characteristics. Let’s discuss them in detail below.
There are low-risk products and high-risk products. Low-risk products are things like clothing, books, and office supplies. They sell on a regular basis and will almost certainly trigger regular card payments.
High-risk products are things like software, tickets, and electronics. They don’t sell quite as often, and also have a higher risk of return. This makes them riskier for payment processing companies to get behind.
Another group that might need high risk merchant services is those who sell their products to high-risk areas. This includes, in most cases, impoverished or underdeveloped countries.
If the majority of your sales come from these countries, you’re going to have trouble obtaining a standard merchant account. As such, you might have to go with a high risk account instead.
Does your company sell a product that results in a lot of chargebacks? If so, you might have to get a high risk merchant account as opposed to a standard account. This is because chargebacks can make it difficult for merchant service providers to financially justify providing their services to you.
Do you sell subscriptions? If so, there’s a decent chance that you’ll need to use high risk merchant services as opposed to standard. Subscriptions leave a high risk of missed payments which can financially hurt the service provider. Therefore, the company is forced to take on more liability.
High risk merchant services are beneficial in a number of ways. Some of their biggest benefits include the following:
The biggest benefit of high risk merchant services is that they’re available to everyone. It doesn’t matter whether you have bad credit, experience an abnormal number of product returns, sell a niche product, or otherwise, you can get your hands on high risk merchant services.
This is simply not true of traditional merchant services, which come with credit requirements and are dependent on the acceptance of banks and other rigid financial institutions.
Another big benefit of high risk merchant services is that they come with worldwide processing capabilities. As such, regardless of where your customer is located, you will be able to accept their credit cards and debit cards.
This opens you up to an endless number of clients, all of whom can contribute to keeping your business thriving.
Whether your customers pay with credit or debit cards, high risk merchant services will accommodate you. These services work with cards from a variety of brands, allowing you to accept payment from as many people as possible.
Not only are high risk merchant services worldwide in their capabilities but they’re also highly secure. Regardless of where the payment is made, it will be encrypted so as to allow for as much security as possible.
This means that there will be almost no chance of data theft. That, in turn, is good for the reputation of your company.
Are you in need of high risk merchant services? If so, look no further than First Financial. We provide such services to countless clients in countless industries.
Regardless of your credit score and regardless of the products you sell, we can provide you with high-quality merchant services at reasonable interest rates.
Contact us now to discuss details!
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When the economy is in economic downturn, you may be feeling discouraged as it becomes more expensive. It can be difficult to take care of yourself and your loved ones in San Diego, CA. If you strategize, you can make this process more bearable and make it easier to get through to the other side. This requires budgeting and strategic spending, exploring new and alternative income opportunities, and dealing with any financial difficulties proactively.
Despite the difficulty California households face in recessions, many don’t create budgets. Using a spreadsheet or another type of document to manage a monthly budget creates accountability and also enables you to see where your money is going in a thorough way. Having a budget on paper forces you to be accountable and empowers you to plan your spending better, avoiding wastefulness.
Even in a recession, it’s important not to let your debt get out of control. Paying down high-interest debt is advantageous in the long run. Otherwise, it just compounds and becomes more difficult to address as it snowballs. Getting rid of some of this debt can also ease anxiety around your income. It can help you to deal with any uncertainty you have about the economy.
Don’t let yourself be overcome by worry or frustration. If you need to meditate, take walks, go to a therapist in San Diego (look for free therapy), or exercise more, do so for your own health and your family’s sake. If you don’t take time for yourself and become overwhelmed, it becomes even more difficult to care for yourself and your family. You can also try group meditation.
When you have limited money and products are more expensive, it’s smart to scrutinize the purchases you do make. If you aren’t sure about the quality of a product or service, check reviews on pet items, home appliances, and more. Be honest about whether you need an item now or if you can wait. If you buy something costly on credit, pay it back as quickly as possible. Paying additional interest can be particularly problematic in a time of economic uncertainty. For instance, continue buying essentials for your pet, such as food and medicine, but perhaps you can delay or space out purchases of toys or other frivolous items to save money.
If you’re having a hard time keeping the household afloat and could use more money, consider a job switch or a full-blown career change in San Diego, CA. Switching companies is often the fastest way to increase your income, and this is easier to accomplish with a quality resume. If you haven’t updated your resume in some time, consider using a free online resume template. An assortment of professional resume templates appropriate for a variety of industries is available at your fingertips. These templates allow you to customize the format, colors, and overall look of your resume and even add images to it.
A recession is a disheartening experience that can affect you physically and emotionally, but you can’t be discouraged. Smart financial planning, a willingness to change jobs, addressing debt, and dealing with anxiety are the keys to weathering an economic downturn. For access to an array of personal credit and financial services, visit First Financial.
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