Mamitamala Finance - Personal wealth advisors

Mamitamala Finance

Personal wealth advisors

Blogging for Financial Prosperity

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We love money. The acquisition, retention and spending of money is a fascinating and exciting topic. That’s why we decided to create this blog. To share news, views and reviews on the latest tips and recommendations for personal wealth creation.

If you’ve never considered creating a personal wealth plan, now is the time to do it. You’ll be surprised at how a little budgetary discipline and sound financial planning can turn your life around and give you more money to spend or save away for a profitable future.

We hope you enjoy this blog. Please get  in touch if you have any ideas for articles and guides to appear on this website.

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Choosing the Right Sports Insurance

If you’re into sports, sooner or later you’re going to get injured. If the sports injury or accident is serious, you could need financial support to get treatment for your injury and maintain an income while you’re at work. This article looks at the benefits of sports insurance for teams and individuals.

football injury - should have got sports insurance

Sports are a great way to have fun while still giving your body the much needed exercise. Since childhood one is encouraged to par ticipate in at least one sport activity be it soccer, athletics, basket ball, hockey, volley ball, you name it. And therefore it is no surprise that some people get so good at a sport that they decide to take it up as a full time professional job. Professional sports people are among the highest paid people in the world and to think that it’s all because of a God-given talent; it’s rather amazing and ridiculously unfair at the same time. However, it does take a lot of hard work and a good amount of risk too if you think about it.

Depending on the nature of the game, athletes are prone to a huge number of injuries given that they depend on a lot of physical activity. Not only can this strain their body parts, but accidents such as falling heavily or crashing into each other may cause more serious injuries, some of which could completely incapacitate them. Such unfortunate events are likely to end the career of the victims or worse still cause permanent damage to their bodies or even accidental death.

Importance of Insurance for Sportsmen and Women

That is why prospective, amateur and even professional sportsmen are always advised to have a sports accident insurance cover to take care of these ill-fated events. Not because you anticipate injuries, no, you ought to be very careful, but to have the peace of mind that comes with knowing that, no matter what happens, everything will be okay.

Typically, a sports insurance may cover different things depending of course on the insurance company, the nature of the sport, the state among many other things. However, if you are seeking to cover yourself, some of the more likely coverage packages include accidental medical coverage, death and dismemberment, sickness and catastrophic cash benefits, general liability among others.

Get Cover for Sports Accidents and Injuries

Benefits incurred from sports accident insurance cover again differs depending on certain factors but then again there are some common features. You should look forward to your medical expenses being paid in the event that you sustain injuries while playing for a period of around 365 days or more. This includes transport to and fro the hospital incase special treatment is needed. Note that most insurance packages rarely consider whose fault it is that you are injured, regardless, you are covered. If any rehabilitation is required so as to put the athlete back into the field, it should also assist in payment.

Moreover, this policy ensures that you continue receiving a substantial amount of money as income during the period in which you are injured and are unable to earn. This could be arranged as a lump sum payment each month according to the agreement made upon purchase of the insurance policy. Not only that but the policy may cover you while travelling to and from the sports event or even while attending any sports related function such as a fundraiser, meeting or practice that any form of accident which happens during the function is also covered.

Insurance Protection for Teams and Players

So as to access the benefits that come with a sport accident insurance policy, you are required to pay premium amounts daily, weekly or monthly depending on the agreement. One can cover themselves personally as an athlete, or have the organization owning the athletes cover them as a group. In most cases the premium costs are affordable as there are available for amateurs, semi-professionals and professionals each group being dealt with separately considering their income levels differ.

For a job as dangerous as professional sports which may even cost you your life, it is only wise to ensure that you are insured from the most obvious occurrence. Each sportsman must go through some form of injury during the course of their work and given that more than five million people are treated annually for sport related accidents, it is only reasonable.

While choosing the perfect policy for you, ensure you understand very well the terms and conditions so as to avoid the inconveniences relating from misunderstandings between the insurance company and the client. In addition, choose the policy with the most attractive benefits and one that has a reputation of actually fulfilling its obligations to its clients not one that will stress you even more while trying to recover. Remember, prevention is always better than cure.

Personal Finance Tips And Tricks From The Experts

When it comes to personal finance it makes sense to get some expert advice. What follows is just an overview of some of the things you can do to help organise your personal finance. If you are seeking financial advice make sure you engage the services of a qualified and accredited professional such as on associated with the Financial Conduct Authority.

Retired couple with financial advisor

Best Ways to Plan Finances

You do not want to waste the money you’ve worked hard for by throwing it away. You can also admit that you do not know how to save in the best way. You don’t want to turn to family and friends, since that invokes feelings of shame, when, in truth, they are probably facing the same confusions. The below article will provide you with some personal finance tips to help you out.

In today’s volatile economy, it isn’t a bad idea to use multiple savings vehicles for your extra cash. Fund your savings account, maintain your checking as well, and diversify the rest between stocks, retirement accounts and, if possible, gold. Using a variety of strategies will help you protect the money you have.

Carry a small envelope with you wherever you go. This way, you have a place to store all receipts that you receive. This way you can ensure you have all the documents you need for your records. Keeping your receipts helps you have proof of your purchases in the event that your credit card is incorrectly charged.

If you bought a defective item, chances are you will notice it within a few weeks only. Extended warranties are just a way for the business to make an extra buck, but they’ll rarely be worthwhile for the user.

Set up a bank account that automatically takes a few dollars each month and saves it if you want to save quite a bit of money. This great technique forces you to save a little money each month. It’s extremely helpful if you have an expensive life event that you’re saving money for, like a vacation or a wedding.

Save Money Where You Can

Switch out your old incandescent bulbs in favor of new, energy-efficient bulbs. These bulbs will save you money and save the environment at the same time. Compact fluorescent bulbs also have much longer lifespans than incandescent bulbs. You will also save a lot more money because you have to buy fewer bulbs over time.

Make savings your first priority with each check you receive. It’s too easy to spend now, and forget to save later. If you know that the money isn’t available, it will help you create a budget, and will curb the temptation to spend.

If you want to better manage your finances, you need to rid yourself of any outstanding debt. Cut back on spending and pay off debts, loans and credit cards. Prepare meals at home and limit expensive entertainment outside the house. If you take your lunch to work and do not eat out during the weekend, you can save lots of money. If you are serious about having good credit, you will need to make a commitment to reduce your spending.

Credit cards can be a good alternative to a debit card. If you apply and are approved for a credit card, use them on day-to-day purchases, such as gas and groceries. Most credit cards offer some kind of rewards, like cash back on these items.

Don’t waste money on lottery tickets; invest it wisely instead. Doing so guarantees that your assets are increasing and carries no added risk.

Doing a little research online can help you find several websites that provide coupons that aren’t available through newspapers or magazines. Look around to find these deals, and a good place to start is the product or service’s website. This will help you make the most out of your money.

Seek Advice from People Experienced in Financial Matters

Getting the advice of family members that have knowledge of financial issues or work in the finance industry might be more comfortable than getting advice from a stranger. If one does not know anyone that has worked in financial services, a friend or family member who is very good with their finances may be able to offer some help.

Your FICO score is affected greatly by credit card balances. The higher your balances are, the worse they they are for you. As you start to pay off your balances, your credit score will start to rise. Try to keep the balance at 20% or less than the maximum credit allowed.

You’re not alone if you make a mistake or two with your personal finances. If you bounce a check once, you may be able to request that the fee is waived by your bank. This most likely will only work if you otherwise have a good banking history, and this only typically works one time.

If you are frequently around a zero balance, it can be helpful to have an overdraft program. The nominal monthly fee is considerably less than the high charge that often accompanies an overdraft on your account.

Maintain a Positively Balanced Budget

Simply said, spend less, earn more, is the best financial advice out there. People who spend everything they make, or consistently spend more than they make and borrow to make up for it, will never accumulate wealth, because they always spend it as soon as they have it. Find out what you make and spend far less than what you bring in.

Select cheaper and less popular brands. A large part of the brand name price tag stems from the cost to advertise and market those products. Instead, choose the least costly option, which is the generic brand. Usually, there is no difference between these items.

Once you’ve read this article, you should start understanding the information that’s been provided and soon you will be able to fully take care of your own finances. If you were unclear about anything you read in this article then go over it again or do some additional research, this way you can fully understand everything that was told to you.