Freedom Financial Network Could Help You Prepare for Retirement

While many millennials have developed good savings habits, their reasons for saving are not the same as previous generations. They enjoy a lifestyle that includes travel, eating out, and staying fit. And they are often more inclined to save for these things than for retirement. 

In fact, a recent survey reported that 72 percent of those asked admitted they did not know as much about saving and investing for retirement as they should. But, before you can begin investing for the future, you need to take care of your current cash flow. This is an area where Freedom Financial Network could help you prepare for retirement investing.

Steps to Improve Your Cash Flow

There are several steps you should take before you begin investing. First, you need to build up an emergency fund. Ideally, an emergency fund should have enough money in it to cover three to six months of daily expenses. 

While it may be difficult to save this much money quickly, with time and discipline, it is possible. Start small, putting aside enough to cover an expense you’d normally put on your credit card and build it up from there.




Speaking of credit cards, eliminating your credit card debt is another crucial step to improving your cash flow. Use your emergency fund for unexpected expenses and look for ways that you can pay down the credit cards. 

You could do this by cutting discretionary spending and put that money towards the credit cards, or picking up a side job to help pay them off.

Additionally, Freedom Financial Network offers a program through its company Freedom Debt Relief, that could help you eliminate credit card debt. Over 400,000 people have already worked with this company. 

Whichever method you choose, putting aside money in an emergency fund and eliminating your credit card debt are great steps towards successfully saving for retirement.

Tips for Retirement Investing

If you’ve established an emergency fund and tackled credit card debt, then you are in a good position to save for retirement. Whether you work for a company or you are self-employed, there are great resources and tools available to help you save and invest.

One of these is the 401K. If you work for a company that contributes to your 401K, take full advantage of this. After all, your company is giving you free money to invest! 

These accounts are tax deductible and companies will typically match your contribution anywhere from three to six percent. Even if your company does not match, a 401K is still a great tool for putting money aside for the future and reducing your taxes.

Freelancers and self-employed millennials can also reap the rewards of a 401K by investing in a Solo 401K plan. Solo 401Ks are flexible and offer high-contribution limits with little to no setup or administration fees. 

If you don’t have a lot to invest initially, that is okay because these accounts generally do not require much to get started.

The two key factors with any type of retirement investing account are:

1. Don’t withdraw money early. If you have an emergency, have funds set aside specifically for these types of things.

2. Let compound interest work in your favor. The sooner you can begin investing, the more you’ll have when you are ready to retire.

Position Yourself for Retirement Savings with Freedom Financial Network

While the idea of utilizing the free money from your company or earning compound interest sounds very appealing, it can also be frustrating if you are struggling with debt. 

You see how money could be working in your favor, not against you, but getting to that point feels like a long and distant road. First, don’t give up. You didn’t get in debt overnight nor can you get out of debt overnight.

However, you may be able to relieve it quickly with help through one of the companies that are part of the Freedom Financial Network: Freedom Debt Relief. 

It has been helping customers successfully resolve their debt and reach other financial goals since 2002, and they could help you too. With certified debt counselors who will listen to your situation and help you find the right solution, you could be on your way to freedom from debt sooner than you thought possible. 

And with your debt resolved, you can begin building your future and your retirement savings.

Why Doctors Need Business Loan

Doctors are widely perceived as having comfortable and lavish lifestyles but this myth couldn’t be further from the truth, especially in 2017. The cost of running a medical practice proves to be extremely high but doctors must wait often months to be just paid in full for their services. 

As if these two dilemmas weren’t frustrating enough, recent reports have actually shown that the relationships between doctors & patients as well as insurance providers have grown more complicated with time, and solving these problems also comes with a price. This is why Business Loan for Doctors are important.

Doctor loans & their application

Here are a few of the fields in medicine that will prove the benefits of Doctor Loans:

Working Capital

Every business, including even medical practices, requires working capital. Slow-paying insurance companies, delays in reimbursements and cash-strapped patients can hurt cash flow significantly. Meanwhile, employees must be paid, equipment and supplies must be purchased, and malpractice insurance costs continue to mount. 




Doctor loans can help all types of doctors, including cardiologists, dermatologists, gynaecologists, oncologists, surgeons, and dentists, secure working capital and keep their practices running smoothly just if they fulfil the Eligibility Criteria for Doctor Loan.

Hiring Staff

Like all professionals who run successful businesses, doctors also rely on their staff to help their institutions run smoothly. These employees include doctor's assistants, nurses, office assistants, and receptionists who help with billing health insurance companies. 

When starting a practice, opening a new office or expanding services, doctors frequently require an infusion of cash. Insurance companies are notoriously slow in dispute claims, paying, and try to negotiate rates.

Digitizing Medical Records

Converting patients' records from actual paper to digital files creates great efficiencies for healthcare providers and their patients. The benefits for patient care are obvious: digitizing patient files creates an electronic record of exams, visits, blood tests, prescriptions and diagnoses that can be shared with other Doctors if necessary. 

Using electronic medical records though reduces the cost paper and file folders and cuts labour costs; however, digitizing medical records is a significant long-term investment for any medical office. Conversion costs can frequently run in the tens of lakhs of rupees.

Purchasing Equipment

Every Doctors’s medical office requires equipment purchases of everyday items, such as tissues, bandages, etc. as well as big ticket expenses. These can range from defibrillators, surgical equipment, CAT scans, EKGs, laboratory equipment, lasers, stress test treadmills, ultrasound equipment, and wheelchairs.

Opening New Offices

Professionals including doctors and dentists face financial needs just like any other business owners. Doctors often face cash flow problems because of slow-paying insurance companies followed by disputed reimbursements. The result is that physicians can find themselves in a financial crunch.

Inconvenient payment systems and the constant build-up of accounts receivables tend to make it increasingly difficult for doctors to even foot the bill on their own. 

Medical practice loans are the solution for the countless practitioners looking to adapt to their increasingly competitive landscape, where delinquent payments cannot compromise customer service.

Company Fixed Deposits V/S Bank Fixed Deposits

Fixed Deposit, a banking term that can easily scare those who are unaware of the lingo used by top class bankers and investors. Let’s break down this two-word idea into a much simpler format.

● Fixed – Something that stays still, preferably stable and safe from harm.

● Deposit – An investment; something which gives some returns.

Now when we link them, we get the idea of a ‘stable investment but with a certain degree of profits’. Fixed Deposits can be confusing especially when investors wish to invest yet don’t understand the schemes.

FD is meant to invest your money for a long period of time, and gaining a huge sum of interest a.k.a profit for not withdrawing the money before the maturity date hits. It is a banking instrument for investing money and earning gains.

Advantages for Fixed Deposit

Higher the Interest Rate- Higher the returns and also you get to choose the terms and dates. 

Disadvantages for Fixed Deposit

We cannot think of any except maybe the long maturity dates, but then even that is chosen by the investor.

Bank and Company Fixed Deposits

You could invest via two channels, through your bank or in a company FD. People usually pick a bank as they trust a government controlled organisation more compared to a company or an MNC. However, if we look closely, the difference is startling in the way of how much returns the investor actually gets!

An FD in the bank could give you a maximum of 7-9% based on its capacity and other investments. It seems quite less compared to a company FD. While a prospering company could easily give a maximum of 10% of interest for your investment. It is tricky to find out which company is the right one for you and that is where a company’s credit rating jumps in.

A credit rating system is present to ensure that companies can and will end up repaying their investors, even in times of distress. This credit rating is assigned to a fixed deposit instrument by a credit rating agency after doing a thorough analysis of the business risks, financial risks and the overall management quality.

A major inconvenience is the loss of flexibility, an FD in a bank means no withdrawing rights (under certain circumstances, you can break the FD but pay a penalised fee or get a lower rate of interest). Thus, making you pay additional money from your pockets to get back your own money. That hardly seems fair!

A company FD, on the other hand, allows a variety of schemes that can be manipulated according to your needs and time periods. You could pay a monthly interest or at quarterly intervals. This then allows you as an investor to earn some quick cash on the side.

Company FDs can be used by any target audience; working class, senior citizens, housewives, and even those who are in the zero or low tax bracket. A good idea then is to diversify your funds into different companies which will then lower the chances of risk.

We do suggest to read the application form in detail and to clarify your worries before investing in a company. A track record of the company’s past interest schemes could always provide a good source of information. Another piece of advice is to always keep a check on the credit ratings of the company and to minimise risk by clearing out your money from the company if you see it fall.

On the whole, a company fixed deposit is a good investment idea for the fixed income group investors who are on the lookout for safe returns. Not all can afford the volatile markets, and thus a company fixed deposit can help keep you grounded and your money safe, earning a higher rate of interest at the same time.

How Can Businesses Intelligently Insure Their Goods and Services?

From the moment you start a new business, you expose yourself to many risks. Even before you start employing people, provide services, or sell goods, you need a reputable insurer by your side. 

A minor lawsuit from the customers, suppliers, or employees can bring a business to its knees even before it gets off the ground. Fortunately, you can take the right steps to protect your business in the formative years by acquiring the following insurance policies:

Professional Liability Insurance

As you embark on a new business, you must encounter some challenges in your learning curve. In most cases, you might make some mistakes along the way. 

Whether you make the mistakes through omission or commission, the errors might have some financial implications on the other stakeholders. Whether you err in the development of defective goods or cause a customer some pain, you might have to face a court battle. 



The professional liability insurance policy will come in handy whenever you need to reimburse the aggrieved stakeholders and compensate the customers for the pain you caused.

Property Insurance

Whether you lease or buy your office space, property insurance is vital. The policy will cover your business against theft, fire, floods, or any other calamity that might befall your property. 

If your business is in a flood-prone zone, you need to notify the insurance company beforehand. Such calamities can cripple your business, especially if you are struggling to grow your startup. 

The property insurance covers the goods that might be destroyed in the event of a fire or floods.

Workers’ Compensation Insurance

Whether you are running a short-term project or employing a couple of people, you need the worker’s compensation policy. This policy covers your employees by compensating them whenever injuries and accidents occur at the workplace. 

If you are in the construction sector, this policy can cover your business against the many accidents that are likely to occur. In addition, your employees will get the health and disability policies for their families.

Business Interruption Insurance

If you are unable to operate your business for some time, you need the insurance policy to keep your operations running smoothly. If a calamity forces you to shut down for a while, you will need to pay your loans or retain your employees. Some companies, such as Integrity Transportation Insurance, know that insurance policies for transportation arte also a good idea.

While a property damage policy will reimburse you for the affected goods, you need a cash bailout to get your business back on track. If you do not have significant cash reserves to tap into, the business interruption policy will work to your advantage.

When running a business, it’s incredibly important to make sure you are properly insured. By taking the time to make providence for this, you will make sure your business will be around for years to come. Maintain your business and it will thank you in the long run.