ride sharing

Ride-sharing services like Uber and Lyft claim to be able to give people a steady source of part-time income. Many people are jumping on the bandwagon and using their personal vehicle to ferry customers around.

However, though the upfront pay may be okay, these ride-sharing services are actually costing drivers money. If you are currently driving for a ride-sharing service or are considering it, keep the following things in mind before you jump on board.

Fuel and Insurance

Depending upon the cost of fuel where you are, you may not make much profit at all for providing rides to clients. If you have a car that gets stellar fuel mileage, you can likely make a profit.

However, if your vehicle has a fuel mileage rating of less than 30 miles per gallon, you may want to think about other sources of part-time income. You will also have to increase your insurance coverage to cover commercial or business use for your vehicle.

Maintenance and Upkeep

One aspect that many drivers don’t think about is the maintenance and upkeep factor that comes with driving for a ride-sharing service. Yes, you will have to get oil changes, tune-ups and new tires eventually anyway.

However, you will have to do it more often if you drive your vehicle more often. And if you are hiring your vehicle out for ride-sharing purposes, you are going to be doing these maintenance and upkeep tasks a lot more often. These costs should be factored in when you are determining whether a ride-sharing side gig will be profitable for you.

Lost Wages

Some drivers hope to replace their full-time jobs with a gig for a ride-sharing service. There is great freedom in working for yourself. You get to make your own hours and turn down jobs that you don’t want to do.

However, before you quit your day job, you should factor in all the costs of being a ride-share driver, and determine if you will make any money at all. If you do make a profit, it likely won’t be enough to replace your day job.

For those who are serious about the world of business and finance, Singapore has emerged as a major player, and a golden opportunity for investors, where business is currently thriving. The Asian capital markets have grown to present both a challenge and hotbed of financial opportunity to westerners looking for opportunities beyond the troubled halls of Wall Street. 

Loans, Start-Ups, and SMEs

SME business loan Singapore

It’s easier than ever for qualified candidates to receive SME business loans, and invest in start-ups, outsource SEO, SMEs (Small-to-Medium Enterprises), and invest in other opportunities for their dollar, pound, Euro, yen, yuan, or other currency to go much further than in the currently stagnant western investment markets. An article out just today in Asia One Business talks of two major banks in Singapore–DBS and United Overseas Bank (UOB), being a veritable funding pipeline which connects investors to more than 200 start-ups like small to medium businesses, and fintechs, or financial technology firms. This comes at a time when more and more emerging technologies, start-ups, and other funding opportunities are raising their heads all over the Far East and Southern Asia.

Refinancing and Financial Tips

It’s also a great time to see about refinancing business and personal loan Singapore, as the average loan payout is $70,000USD, with an average repayment tenor of six months. A recent report by independent investment analysts says that three of the hottest areas of financial opportunity in Singapore and Asia will be in trading, financial analysis, and IT. Smart technology and robotics also look very promising for investors in start-ups in Singapore. 

The Financial Forecast for Singapore

A May 2016 report in HumanResourcesOnline.com says that the best-paying jobs in Singapore through this year will be in IT (jobs like web developers for front and backend, SEO specialist, tech support), banking and finance, accounting, health care and life sciences so its definitely a plus if you would check out licensed money lenders in singapore. The Star online reports that higher wages are pulling many into Singapore to work at the emerging number of companies fed by the current Asian economic boom which Singapore is helping to lead.

singapore food

Singapore is a modern Southeast Asian city with a long history of diversity in terms of its society, as well as its cuisine. Singapore is unique in that is offers street food vendors from the Malay, Chinese and Indian tradition. Although Singapore has been known as a global business hub in Southeast Asia for many years, it is now starting to be recognized for it’s unique street foods. Foodies from all over the world come to Singapore to sample its uncommon fare. If you find yourself in Singapore, you have to try these 3 foods from the various local street vendors, also known as hawkers.

3 Fantastic Street Foods of Singapore

Laksa

A well-known noodle soup that combines coconut milk and various spices, along with dried shrimp and seafoods. Different versions of this dish exist all over Singapore and everyone has their favorite location for this broth dish.

Hainanese Chicken Rice

Hainanese Chicken Rice

A simple but delicious poached chicken dish. Oftentimes, this poultry dish is served along with rice. It is sometimes known as the National Dish of Singapore. This succulent chicken meal is popular among both locals and tourists alike.

Chili Crab

chili crab

The people of Singapore love seafood and the most loved of all seafood is crab. This dish is known not only for its enticing crab but the tasty sauce it comes with; which is both savoy and sweet. Many people eat this dish with buns to soak up the delicious chili paste and tomato based sauce.

If you are looking to sample these and other fantastic street foods all in one place, try Maxwell Food Centre near Chinatown. It is know as one of the best food hawker’s location in this unique city-state. However, you can find amazing hawkers all over Singapore. So go check out the wonderful street foods of Singapore today.

mortgage loan

It is a common misconception that people with bad credit are unable to get a mortgage loan. Or, in the event of approval, the borrower may have a bad interest rate or a loan with a balloon payment at the end or other not-so-great terms. However, this is not the case anymore. If you have bad credit or no credit, if you’re yearning for a comfortable life you can still get mortgage loans with acceptable terms. Use the following three tips to help get you into the home of your dreams.

Manual Underwriting

With a typical quick cash loan, the lender will pull your credit file, ask for a ton of documentation from you, and let their computers take care of the approval process and determining your credit-worthiness. However, if your circumstances have changed since your credit file got its blemishes, find a lender that will manually underwrite your loan. This means that the lender will take into account your changed circumstances, such as divorce, marriage or increase in income, and use this to underwrite your loan instead of relying only on your FICO score or payment history.

Clean Up Your Credit

While you are in the process of obtaining a mortgage, you shouldn’t let your efforts to clean up your credit report fall to the wayside. Continue to make payments on time, pay off old debts and keep from racking up new debt. These things will all help you get a great mortgage loan. You should also sell unwanted possessions and put as much money in the bank as possible.

Non-Traditional Loan Sources

Sometimes your friendly neighborhood banker or mortgage loan officer may not be the best choice for a loan; this is especially true if you have poor credit. Consider non-traditional loan sources, such as crowd-funding or peer-to-peer lending programs. Grants and non-traditional loans are also out there for people meeting certain criteria. The internet is a wealth of information on these options, just make sure you investigate and don’t get taken by any scams.

noble group

The Singapore based firm Noble Group is on the market actively seeking money.

The activity only paints a bad picture however. Noble specializes in commodities and trade. It recently started a revolving credit offering a 364 day option. Noble Group will pay interest rates at more than double the standard margins as a result. 

This is not an event to take lightly for such a large business. 

It’s raising an unsecured loan of $1 billion USD, and investors don’t like what these action indicates. No comment are being released about the particulars. see best personal loan Singapore to know how to apply for loans.

The credit facility launched by Noble Group will pay margins of 225 points above Libor and compared with last year’s 85 basis points. Last year’s loan was $1 million less than what Noble Group seeks today. The group decline to comment about the increase in interest it will pay on a loan smaller than one taken in the previous year. More info about personal loans Singapore you can check.

We suspect that investors inside know what’s happening. Nothing has reached the media’s ears.

Though this new fast cash loan is not backed by any tangible, real assets, it will be used to manage debt and could give investors new hope. A very few investors though. The spike in interest rates only come with bad reports or bad financials held by the organization. 

Noble Group today trades coal, iron ore and oil on the world markets. This is a lucrative industry, but Noble is obviously struggling. Since the Standard & Poor’s index lowered the company’s ratings, it has tried everything to rebound. 

Nothing comes to avail the circumstances.

The organization claims to have lower costs in operation, but no one is excited by the news or the prospect. It has inquired to more than 7 banks including HSBC, Societe Generale, MUFG and DBS. Those banks have refused to comment. This adds to the negative stigma being built around this firm.

Time must now tell the story to come. We can only hope for good news.