Protecting Your Business and Financial Documents With a Fire Safe

When you are engaged in a business, you probably know the importance of business -related documents that you need to refer to on a regular basis. Thus, there is a need to keep these documents using an effective storage system. Storing all of these documents makes for effective management.

Why should I organize my documents?
The main reason why you must organize your business and financial documents is to save time and money. It is common knowledge that good record keeping is equal to effective management. If all your important documents are stored in one place, you will be able to make sound and informed decisions because all the information you need will be right at your fingertips.

Apart from organization, you might also be worried of losing important original documents that could get damaged because of fires. As an entrepreneur, you need to keep everything in a convenient place where you can easily retrieve them but can be assured of their safety against theft or fires. This is the kind of solution offered by a fire safe. If this is a problem that you are facing right now then the easiest solution for you is to purchase one.

What will I place in the fire safe?
First of all, in purchasing a fire safe, you need to determine the kinds of documents that you plan to place inside the safe. These include traditional paper documents such as financial plans; tax returns; employee contracts; bank-related documents such as deposit books, cheque books, and bank statements; invoices and receipts; debit and credit notes; cashbooks and ledgers; day books; interest and dividend statements; and insurance policies. Aside from these, data can also be stored digitally as in the case of USBs, CDs, and the like; these should also be placed inside a fire safe. Also, you must consider if you are planning to place more than just documents and media files, for example, small electronic devices or even pieces of important equipment that should not be lost or damaged. Whatever the need, there is a perfect model for it.

What kind of fire safe should I buy?
Fire safes nowadays come in different kinds of models. There are larger versions with a capacity of 33.6 litres such as the SentrySafe MS3817. This model offers one hour protection from fires and features a waterproof seal that can protect against flooding. A mid-sized model is the Honeywell 2096D waterproof fire safe. It is an ideal option for those who are looking for extra security because it features a digital lock with override, one hour protection against fire, and eight hours of protection against water. It can also take in a capacity of 60.59 litres. The larger of the lot, the SentrySafe OA5835, which features a 56.6 litre capacity and weighs in at 95.7 kg. For such a hefty safe, it can withstand water penetration for 24 hours-talk about maximum protection!

Remember, the few hundred dollars that you spend investing on a high quality fire safe will not be as valuable as the sense of security and peace of mind you will have knowing that all your important documents are organized and stored securely.

How to Strategically Plan For Your Retirement

When it comes to planning for retirement you really have only a few choices to make for your future. Strategically speaking many people take the approach of “I hope it works.” People really never give their retirement a thought until it’s to late. When they decide it’s time for retirement is when people decide to take a look at their accumulation of wealth for a hard 30 to 40 years of work.

It’s at this time when people realize they have not set enough aside funds to carry them from retirement date to the end of their lives. Realizing that they have to embark on a new career just to compensate for their costs of living and the needs of the individual. Rising costs of living are enough to drive the value of your dollars to an all time low.

With a little patience, goal setting and a needs analysis for the individual needs and the needs of the family through the time of their retirement years. People expect that the flow of cash (income) will never stop; yet with a twist of fate, peoples lives can be affected in an instant. This is some of the areas people need to consider for their goal planning and choosing their “NUMBER”.

What’s the number you ask? The number is the “NET” income you need to achieve after retirement takes place. So let me ask you to stop for a minute and figure out your number. If your current expenses require a monthly budget of $5,000 while you are working; you’ll need to almost double it to cover your taxes, medical needs, and the standard costs of living.

By the time you retire you loose certain advantages, for example your home will be paid off so your tax deductions are reduced, medical costs increase since you loose your benefits at retirement. Certain perks that may have come with working suddenly disappear. What if your income suddenly stopped before you were ready? Have you ever given that a thought? If not you should, at a minimum you need three to six months of living expenses socked away to cover any sudden pitfalls in your income.

So how do you plan strategically for retirement and the normal bumps in the road that can pop up in your path at any given time during the travels of your life? Simply put you need to be proactive in your affairs and handle yourself first. This means you ALWAYS pay yourself first! Then you move about your personal business.

Set up your incoming income stream(s) to work for you instead of against you. The first priority is to take care of your retirement and pre tax dollar savings. By setting up your retirement savings you tackle two birds with one stone. A) you are creating a better future for you and your family; B) you are reducing your tax liability and therefor you are saving on the amount of income tax that you pay.

You need to check with your tax person or CPA to make sure you are not saving too little or too much. This way you are reducing your overall exposure to the tax laws and keeping more money in your pocket.

Secondly you need to make sure you are setting aside 10% of your income for personal expenses in the bank. You need to build a nest egg equivalent to three to six months of monthly expenses to shore up your confidence and set you ahead of the rest of America.

Once you have established these cash reserves you can pull back and your cash savings and start a new stream of income not based for retirement, these are accounts to keep liquid money available for quick access and no penalties. By the way liquid investments such as stocks, bonds, mutual funds, cd’s, and etf’s etc should not be used as the main source for your retirement. Strategically planning for your retirement means seeking out the best opportunities for capital appreciation, preservation, and conservation. What I am suggesting to you are solutions that aren’t commonly expressed or shown to people by the big financial institutions.

These large institutional financial companies are showing you a path for disaster, look at the dot com bubble bust, the most recent melt down in our economic system. People lost thousands to millions of dollars overnight. Stocks are risky in fact one of my mentors called it “legalized gambling” which in fact is the truth.

Your placing your hard earned dollars into a stock(s) which allow companies to leverage your money for there benefit. If they make a profit you share in the winnings; however if the CEO makes the wrong decision(s) it’s your loss! Whew that’s a lot to think about, your trying to create wealth, build your future and all of the sudden BAM!

You just lost your precious nest egg, you’re about to retire and the next thing you know you are faced with the option to keep working and don’t retire or retire and live a miserable, uncomfortable lifestyle. Strategy means you plan through the mini setbacks, allocate & diversify properly. One of the best ways that you can prepare for retirement is by placing “select pre-developed real estate [land banking] into your portfolio.”

When doing so you need to know how to locate the the property, look for the crucial signs of future development, have an exit strategy or use the specialists who know all of these details and then some. Strategic land banking is one of the surest ways to grow your retirement portfolio, avoid risk exposure to the stock market and preserve your capital.

You can invest in companies accounts receivables and many other types of non traditional investments that are more secure than stocks or other types of investments that are not as receptive to market volatility. Your retirement is something you need to take seriously. I have many friends who are approaching their early to mid forties and they have no cash reserves or retirement nest egg to speak of.

They are working a plan that will ultimately set them up for failure and certain disaster. The differences in planning for today versus tomorrow are quite simple. You have the ability to fail in your planning for the short term and still have time to recover from the losses. However when you don’t plan ahead for retirement you are risking the comfort and security for your future.

You’re older and the Government places restrictions on your contribution limits, your age prevents you from having the time to successfully rebuild your retirement nest egg to a point that it can sustain you for the rest of your years.

Sure people bank on the inheritance they may receive I have a friend right now that is doing just that; she’s unemployed and the inheritance monies is being held up for many months while the trustee takes care of paying all of the creditors and lien holders, sell the shares of stock and remove their share of the proceeds before the disbursements ever take place.

Now she is facing eviction, loss of her car and other parts of security that comes with being financially prepared. Creating wealth isn’t rocket science, it’s a simple mathematical equation that simply says it’s not how much you make it’s how much you keep.

More and more people are faced with job loss, foreclosure, bankruptcy and other financial hardships that place unneeded stress, health implications and burdens that can cause sever health problems. Being financially sound creates peace and comfort in your life. Take the time to learn the knowledge, plan your finances strategically and retire with surety and ease.

Slot Machines Vs Roulette

In the world of adults, free time is a precious commodity. While a good portion of it is spent on rest, a lot still is being exhausted on recreation to make up for those monotonous work days. Many recreational activities can be done at home, but a lot of people can’t help but step out of the house and find fun elsewhere. Gambling establishments are among such destinations where excitement, socialization and entertainment can be found. Of course, folks obviously go there primarily for gambling purposes, and there’s no changing that fact.There are quite some fun games to play in casinos, but perhaps the most noticeable of them are slot machines and roulette. Both games are heavily dependent on chance, having such unbeatable house edges. Given their popularity to however, one can’t help but ask: Which is the better game?Let’s start by giving quick run downs for each of these games of chance, starting with roulette. Now roulette is a rather old invention, dating back to the 18th century. It was developed around the wheel, which was in turn derived from a 17th century invention of Dr. Blaise Pascal. Its mechanics are simple. With the proper chips in hand, players start the game by placing bets on the roulette table. The dealer then puts a stop to the bets, spins the wheel, and rolls the ball. Wherever the ball then lands on is the winning wager.While roulette can be said as a simple game, slot machines don’t even need a process as elaborate as that of the previously described gambling sport. One only has to sit down in front of one and insert a coin or however much the gambling apparatus requires in the appropriate slot, then press the button that spins the on-screen reels. The player then wins or loses depending on the resulting pattern on the screen.What then are the advantages of roulette over slots and vice versa? To begin with, let’s start with the rules. Both are simple and fast-paced games, but without any debate, slots is definitely faster and simpler than roulette. This game is also easier to understand than roulette, and one will only take a few rounds to figure out which patterns win and which ones lose.Meanwhile, roulette wins over slots gameplay-wise. Sure slots is a lot simple and more fast-paced, but after a while, it gets boring and you’ll find yourself leave the machine to play another game. Roulette has a lot more activity and variety. Often, it gets even casual gamblers hooked to it, and reports of people wasting away their entire night and/or bankroll at roulette is far too commonplace.How about winning? Well, roulette has a fixed payout while rewards in slots vary from casino to casino, which are often leagues higher than that in roulette. Also, despite both being subject to chance, roulette is theoretically a lot more predictable and has the advantage of allowing the player to bet on colors, which in turn allows for higher chances of winning.To sum up, slots is better than roulette in terms of simplicity and payout. However, roulette is a more engaging game that offers higher chances of winning than slots do. As the gameplay is the meat of every casino game, we can say that roulette takes the cake. If only slots don’t get boring in the long run, it’d most likely tie with roulette.Now we’re not endorsing one game over another here. Whether you should play one or the other is still up to your preference. Whichever game you play, always remember the number one rule in gambling: Enjoy.

Online Casinos and Problem Gambling

An estimated 20 million people worldwide gamble online at internet casinos. In 2007, Americans (who were technically not allowed to use online gambling venues) spent $34 billion on gambling in bricks and mortar casinos, and that number does not include the amount spent at Native American casinos.There is no question that visiting a casino or gambling online is an exciting activity. Most people play purely for entertainment, while some online gamblers take the necessary time to learn the skills required for games like the many variations of online poker with the aim of winning money (at least more often than they lose it). For many people, there is a definite “high” associated with risking money on games, and for a small subset of those people, gambling turns into a full-fledged addiction that can cost them their livelihood, their family, and their entire way of life.Problem gambling can be thought of as a spectrum of problems. While some people do become seriously addicted, others sometimes get carried away in the thrill of betting, lose more money than they expected, and then stop when they realize the consequences of their actions. Others gamble when they are anxious or depressed, coping with life changes and trying to enjoy a temporary distraction from the problems in their lives.Most people are able to keep their gambling under control by simple measures such as limiting their bankroll and practicing their own standards as to when to walk away after a certain level of loss (or gain, for that matter). But there are others for whom gambling shows signs of turning into an addiction. How can you tell if your online casino visits are no longer an entertaining diversion, but a real problem?One serious red flag is when a person gambles to obtain money with which to solve financial problems, such as paying bills or debts. Borrowing money or selling important possessions to finance gambling is another strong indicator that a person’s gambling is out of control. If gambling causes a deterioration in a person or their family’s standard of living or general welfare, it’s a problem. And if a person does something illegal (or considers doing so) to fund gambling, that means gambling has gone well beyond being a form of entertainment.Resources are readily available to those who think they may have an addiction to gambling. Counseling, peer-support groups, step-based programs, and even medications are used to treat problem gambling, though no medications have been approved specifically for treating pathological gambling in the US by the Food and Drug Administration. Gamblers Anonymous is a 12-step program for treating gambling problems patterned after the 12-step program used in Alcoholics Anonymous.The bottom line is that with gambling addiction, as with any addiction, the addict has to admit he or she has a problem and choose to address it; the problem will not go away on its own. If you or a loved one has a problem with pathological gambling, then a good place to start is either with a local Gamblers Anonymous group (In the US, you can call 888-424-3577 toll free) or at

Casino Math

CrapsThe key to understanding the mathematics of craps is to understand the dice combinations, or probabilities. In my strategies, we only want to play the bets that have the best probabilities of winning. These are the pass line with odds, come bets with odds, occasional place bets on the 6 and 8, don’t pass laying the odds, and don’t come either with or without laying the odds.If you play the above mentioned bets, the house percentage in craps is the lowest of any casino game. Taking single odds on pass line and come bets reduces the house percentage to 0.8%… double odds reduces it to 0.6%… triple odds reduces it further to 0.5%… and 10 times up to 100 times odds makes the game almost dead even.At seminars, I am always asked why place bets are not as good as come bets. The answer lies in the dice combinations. A place bet can be used to illustrate this point. A bet placed directly on the number 5, as an example (aka place bet), can only win on a total of four dice combinations: 1-4, 4-1, 2-3, 3-2. That’s it! When a 7 is rolled, which has a total of 6 dice combinations, the bet loses. That’s 6 to 4, or 3 to 2 against you based on the dice combinations alone.Now let’s look at a come bet. When the come bet sits in the come area, it wins on a seven or 11 for a total of eight dice combinations and loses on a 2, 3 or 12 for a total of 4 dice combinations. That’s 6 to 4, or 2 to 1 in your favor for the immediate win versus an immediate loss. If that come bet should go to the 5, as an example, it now has another 4 dice combinations to win. So, the come bet that started in the come area and went to the 5 had 12 dice combinations to win, versus only 5 combinations for the place bet on the 5. That’s a huge advantage. This analysis can be applied to every place bet.Adding the fact that you can take odds on all come bets, the casino advantage on place bets on the 4 or 10 is 6.7%; on place bets on the 5 or 9, it’s 4%; and place bets on the 6 and 8, it’s 1.5%. A come bet, no matter what number it goes to is only 0.8% with single odds, the exact same odds as the pass line with single odds.To win in craps, you must minimize the casino’s advantage and use money management to capitalize on all streaks, do or don’t. That’s what the Benson Strategies are all about.BlackjackBlackjack is the only casino game where the player’s advantage or disadvantage changes with each card played. The game itself favors the house by 4%, mainly because if you break and the dealer breaks, guess who gets the money? The house, of course!This house advantage can be reduced to 1.5% by playing basic strategy. This in itself makes it a good game to play. With proper basic play and proper money management you could expect to show a positive return over time.Furthermore, tracking of the cards played, combined with basic strategy, can change the advantage to the player by 1%. The player’s advantage increases as more high cards are left in the unplayed deck (or shoe). High cards favor the player because they give the player a better chance to get a “pat” hand and also they increase the dealer’s chance of breaking. The dealer has to hit on 16 or less. With high cards remaining, this creates a higher chance of a dealer break.Most common methods for tracking are simple hi-lo counts (good on single deck games) and card clumping methods (good on shoe games). A 1% advantage means that expertly played blackjack is the only casino game that offers the player an expected positive mathematical return.BaccaratBaccarat is known as a negative expectation game (the same as craps, roulette, and other). This means that the odds always favor the house. By always, I mean that there is no known method of play that will place the odds in favor of the player mathematically. This can only be done with perfect blackjack card counting (which is why of course they don’t let you win a lot).The way we win at baccarat is to follow the trend. A trend will develop in any random or near random series of events. Remember, you will not have sufficient lay to establish real probability numbers, since these depend on lots of play to reach statistical significance. You could be skewed in one direction: 50% more players than bankers for instance (which would be very nice, by the way).The casino sees real statistical significance since they have so much action going on all the time. They cannot lose from gaming itself. They can only lose from not getting enough players or from typical business profit/loss scenarios. But they do not LOSE on the gaming itself. It is not possible. But it is very possible for the casino to lose to individual players. The casino makes up for these losses because they have enough players to make the mathematics work for them in the long run.This last point is very important. Because unless you play 24 hours a day, you will never be playing by the same mathematical statistics as the casino. Our departure rules and money management eliminate this immediately. The casino will only beat the Baccarat player by his or her lack of discipline and/or poor play.RouletteRoulette has a 5.26% advantage over the player. The reason for this is that there are actually 38 numbers on the wheel: 1-36 and 0 and 00. The payoffs, however, are based on the 36 numbers only, not the 0 and 00. The single number pays 35-1. So, simply stated, the 0 and 00 are the casino’s edge.Over a long period of time, the casino will have a definite mathematical advantage.Casino’s Math
Needs lots of playing action to achieve true odds.
All statistics are based on an infinite number of rolls.
Hates deviations in bet sizes.
Does not like structured play, especially in departure rules and money management.
Once the volume of play is achieved the mathematical edge is guaranteed.
The casino will offer any enticement to achieve this guaranteed mathematical edge.