Do What You Want

5 Great Benefits of Renting a Photo Studio

Outdoor pictures can offer candid shots. However, an indoor studio setting is valuable if you want to produce formal family photos or portraits that your clients will treasure and save for years. A studio offers photographers specific amenities that they cannot get outdoors. Since not every photographer can afford to set up their own studio, renting one is a great idea. Read on to know the benefits of leasing a professional photography studio.

Equipment

Most photography shooting facilities have professional equipment and gear. Some of the machinery may be too expensive for most ordinary photographers to acquire. However, you may rent these devices at a small fee from the studio.  This will give you freedom to test out and utilize various photography gear that you may not otherwise have access to.  You will also have the advantage of using them in one place rather than moving around with them from one location to another.

Background choices

Most indoor studios will have a wide range of photography background choices. You will have various textures, scenery and colors, ensuring that you get the look that you want. Most studios will have countless props that you can use. They will also provide different furniture such as chairs, stools and vintage furniture pieces. Some studios will even provide costumes, clothing, and masks to help you achieve the look that you want.

Controlled environment

When photos are taken in an outdoor setting, it is difficult to control the weather patterns and physical distractions. The wind can come in any time and it might start raining just when you are starting your photo shoot. Furthermore, outdoor elements may mess up with the makeup, hair and even clothing of your models. An indoor photo studio is free from distractions as you are able to control every element that you want to regulate.

Assistance

Photographers who have little studio experience can get help from individuals working in the photography studio. These professionals will offer advice, answer your questions and help you out whenever you have any problem. This can be of great help, especially if you want to use equipment that you are not familiar with or want to try out new photography styles.

Acquire knowledge

Renting a photography studio space can be a learning experience for most photographers. Studio owners are knowledgeable about this field and will readily pass this knowledge to you. This is because they have dealt with photographers who specialize in different genres and with varying experience levels. They acquire lots of knowledge through having conversations, observations and interactions with different professionals. They will offer tricks and tips of the photography trade, lighting techniques and even sound business advice that will help you in the long run.

Professional studio photography will cost you money in the long run. However, you will be guaranteed of getting high-quality and valuable photos as your final product. Furthermore, you will not regret your decision whenever you look at the photos that you have produced.  Make sure that you rent a studio that provides a comfortable environment. This will ensure that your mind is focused on churning out high-quality pictures without any distractions.

Author Bio

Peterson Jose is a fashion photographer in Miami. He shoots over 5,000 pieces of clothes every year for a variety of renowned fashion houses and models. Peterson also operates a well-equipped and popular photo studio in Miami area.

Investing

Debunking 401k Theory

Step Brothers

If you have a 401(k) retirement savings plan and you’re like the rest of working Americans, it’s highly likely that you don’t plan on touching that money until well, retirement. With social security increasingly becoming an unreliable source of income for many people, the younger generation is putting a lot of stock in their 401(k) savings.

Television gurus like Suze Orman and Jean Chatzky all preach the message that it’s a heinous crime to withdraw money early from your 401(k). But what if Suze Orman is wrong? Can it actually be smarter to cash in some of your retirement well before you will ever retire? If you have consumer debt, the answer is….yes!

How 401(k) plans work

Let’s quickly review how employer-sponsored 401(k) plans work. Employees are given the opportunity to elect to have a portion (usually no more than fifteen percent) of their pre-tax wages set aside in an investment account. In short, you get the benefit of saving money while deferring taxes.

Generally, the company will match part or all of the employee’s contribution to their 401(k), or offer a profit-sharing contribution to the plan. Because the nature of a 401(k) is that it’s an investment account, it can and usually will grow significantly over time. All 401(k) earnings (interest, capital gains, or dividends) are tax deferred, culminating in the blessed occasion when you turn 59 ½ and can withdraw funds without any penalties beyond regular income tax.

The good and the bad news

So why do all the gurus tell you not to withdraw early? It’s not because you can’t; it’s because the government imposes severe penalties to the tune of extremely high taxation whenever you withdraw early. Many 401(k) plans also allow withdrawals in the form of loans you eventually have to pay back with interest. Oftentimes, you can end up paying taxes twice over when you withdraw from your 401(k) early.

Is there really any good reason to withdraw early from your 401(k)? Absolutely, definitely, and yes. You will never hear the famous financial gurus tell you this, but sometimes waiting until you retire is quite simply too long. The number one reason to withdraw early from your 401(k) is to pay off debt.

Early withdrawal can save you money

For a person with thousands of dollars worth of personal loans that are growing at a very high interest rate, cashing out part of a 401(k) might be just the solution.

With interest rates on the rise, consumer loans and bad debt can quickly drain a person’s cash flow. Sure, early withdrawal from your 401(k) will get you tax penalties. But if the trade off is that you can move toward being debt-free and freeing up cash flow, tax penalties are a small price to pay for financial freedom

Consider the long term impact

It’s important to do long term cost analysis before choosing to withdraw early from your 401(k). If you’re in a situation where you’re only able to pay the minimum due on a high interest, high balance credit card, the long term consequences of not paying off that credit card can have a far greater impact on your finances than losing a few thousand dollars in taxes from your 401(k). For people who aren’t facing any type of hardship or significant debt burden, early withdrawal most likely isn’t the best solution.

Only you truly know your own financial circumstances. Do your own research and absorb as much knowledge as you can. Besides, it’s always possible that by the time you’re 59 ½ years old, you’ll be dead. I like to leave on a positive note so here’s a smiley face :)

Money Management

Saving Money for a Deposit

For many, owning their own home is the ultimate financial goal. Unfortunately, many are giving up on this goal due to the rising house prices and indeed the rising cost of living.  

The problem is, the rise in house prices has had a knock on effect on the size of the deposit required. For example a 15% deposit on a £238,000 (The average UK house price) house is £35,000, however with many experts predicting dramatic rises in house prices, this deposit is set to rise to over £40,000 over the next 5 years.

Naturally, the idea of saving nearly £40,000 seems pretty unrealistic especially in these tough economic times. Despite this, financial goals should never be given up on, regardless of how far away they may seem. We’ve come up with some top tips that should help you when saving for a deposit:

Identify areas where you can cutback

If, over the past few years you’ve had very little reason to save money, then the chances are you’ll have simply let your finances drift along and won’t have worried too much about your spending. Now that you have got an incentive to save, you’re going to have to assess your finances and look for areas to save money each month.

The best way of doing this is to create a budget. Nowadays, you can either choose to create it manually or use an online software service such as the budget planner on the Money Advice Service website.

Initially, it is likely that one or two areas will immediately stand out, however if they don’t you’re going to have to scratch beneath the surface. While you’ll be unable to do anything about your rental costs or your utilities, it is your variable outgoings such as your weekly shop, transport costs and entertainment costs that are likely to be costing more than they could be.

Make money outside of work

With many people working long hours already, taking on a second job or asking for overtime is out of the question. Fortunately, there are now things you can do that take very little time out of your busy daily schedule and could prove to be a nice little earner.

Firstly, you could sell some old stuff. There are a number of routes you could go down here; eBay can prove successful, however beware of the seller fess involved which are often quite high. Another option is Gumtree; this is a free online ad trader and while the prices your goods fetch may not be as high as those you’d get through eBay, there will be no listing or seller fees involved. Alternatively, you could take your old goods to an old fashioned car boot sale; however these are decreasing in popularity due to the presence of sites like eBay and Gumtree.

Another way to boost your income is to compare costs of current credit commitments in a hope to find a cheaper deal. For example you could save in excess of £200 just by switching energy providers; you may also be able to save £20 here and there on broadband, mobile phone and TV subscriptions.

Ensure you’re getting the most out of your savings

Having worked so hard to get the most out of your wages and cut back on outgoings, the last thing you want to do is put your hard earned savings into an account that is going to offer very little in terms of interest. While savings rates are very low currently, it doesn’t mean you have to settle for second best. Look out for Cash ISAs, Fixed Rate Bonds and Easy Access Savings; these are likely to offer the best rates for your money.

When looking to save for a deposit, the trick is to act quickly. As we outlined above, house prices are expected to rise over the coming year, so the quicker you can save, the lower the amount you’ll require. Consequently the longer you leave it, the more you’re going to need to save.

This article has been written by Jason Scott on behalf of UK Credit Guarantor Loans. For more top money saving tips visit https://www.guarantorloansonline.co.uk/Blog.  

Bankruptcy

3 Reasons To Choose Chapter 13 Bankruptcy

Some economists say the recession is over, but many Americans are still struggling to feed their families while paying creditors. For some of these consumers, bankruptcy may be the only viable option. But before declaring Chapter 7 or liquidation bankruptcy, consider these three reasons to choose partial debt repayment under Chapter 13.

1. You’re much more likely to resolve mortgage-related problems under Chapter 13. Even the official United States Bankruptcy Court website recommends Chapter 13 above Chapter 7 if you hope to resolve past-due mortgage problems and keep your home. If you go for the Chapter 7 option, you’re much more likely to outright lose your home. In Chapter 13, court officials and your mortgage lender are much more likely to work with you to resolve a past-due mortgage problem and come up with an amenable solution for both you and the lender that doesn’t involve home foreclosure. Remember, most lenders would rather not deal with foreclosure due to the expense, red tape and potential for serious profit loss.

2. Your credit suffers less long-term damage when you choose Chapter 13. Chapter 13 is noted on your consumer credit reports for seven years from the date of filing, while Chapter 7 cases reflect for 10 years from the date of filing. Since you’re partially repaying your debts for three to five years under Chapter 13 and can’t legally get new credit without court permission, the wait to become credit-worthy again is significantly shortened with the Chapter 13 option.

3. Your ego may be less bruised in Chapter 13. No bankruptcy is easy and Chapter 13 is no exception. No matter what option you choose, you must open up your personal and financial affairs for court officials and in some cases, your creditors. Filing bankruptcy is nothing to be ashamed of, though internal feelings of shame and guilt are all-too-common among some people who have had to file bankruptcy. With Chapter 13, you can reassure that inner critic by reminding it that you did not take an easy way out and are repaying your creditors to the best of your ability.

    If most of your debt problems are related to federally-issued student loans, tax bills less than three years old, court fines, child support or alimony, then Chapter 13 won’t help you. No type of bankruptcy reduces or cures these types of “priority” financial obligations. The same rule of thumb applies to debts incurred due to illegal activities like drunk driving. If you’re embroiled in a struggle against one or more of these debts, contact someone involved in the situation such as an Internal Revenue Service or family court clerk.

    Stephanie Mojica is a writer for Quizzle.com, where she specializes in helping consumers with debt management and financial planning. She’s also a business success and prosperity coach and author of the free report “5 Business Prosperity Secrets.”

    Business

    eCommerce is the New Mall

    These days, most businesses have an online presence, and a large portion of those businesses are utilizing eCommerce. This is the trend, just as it is the trend for consumers to shop online versus buying something at the mall. Therefore, small businesses are adjusting by launching their stores online. They use tools that will make the process easier for them. Some of the tools help them to build websites; do marketing via email, track ads, and set up online shopping carts.

    Website Builder

    Small business owners have noticed the success of Amazon, Ebay, and other online stores. They also want to have the same results, so they use tools that will help them get there. One of these eCommerce tools is website builder. You will get a professional looking standard store template. You do not need to have any technical skills. Just drag and drop the store designs where you want them.

    You can use the simple WYSIWYG customization, or the most advanced customization using HTML/CSS/Javascript. There is also an SEO product category and page URLs. You will also get to create keyword search using defined SEO meta-tag descriptions. This site builder includes storage, and it also has a mobile store.

    Marketing via Email

    You can use email for your direct marketing to communicate with your prospective customers or long time customers. You use this form of communication to build loyalty and to have repeat business. With email marketing, part of the tool includes unlimited autoresponders, unlimited follow-ups per autoresponder, and you can broadcast email messages. There is a monthly email limit. You can use autoresponders geared to a particular product.

    Additionally, you can set up the emails to have your recipients automatically subscribe or unsubscribe. You will get a delivery and open rates for your HTML messages. When subscribers opt-in and remove, you will get it tracked in real time. Each autoresponder is set up to have its subscribe-by-email. You can also send personalized messages to your clients.

    Tracking Ads

    With ad tracking, you can use online advertising platforms. The tool helps you to set up a URL that will track the ads that you place. When someone reads the ad and clicks it, they will get taken to whatever site that you have designated for the URL.

    You will know when a visitor has clicked on your URL. You will also know from where the visitors came. The tracker will tell you from what country, the search engine used, and also if the user clicked on a computer or a mobile phone. You will know the exact time that it occurred and also the total amount of hits that your URL has gotten.

    Shopping Cart

    The eCommerce tool also provides you with a website shopping cart. You do not have to be an expert techie to use the online shopping cart. You also do not have to install software. The shopping cart is secured and Certified HTTPS/SSL. You will have admin access that is safe and secure. You also get to accept payments in any currency. You can also upload bulk products. You can track inventory. You get to export orders to QuickBooks and several other options.

    In conclusion, to run a successful online store, you will need an eCommerce tool that will help you to build a website; do email marketing, track your ads, and also help you to set up an online shopping cart.