Financial Backpack

Contains about financial information

Building Passive Income With The Prophetmax Program

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Creating hands free passive income so you can retire early, buy a house on the beach and live your dream lifestyle is something that everyone wants but less than 2% of the population actually ever achieves.

ProphetMax was created by Senen Pousa to help average people create passive income and finally achieve that elusive dream lifestyle.

Having monthly and residual passive income flooding into your bank account while you hang out on the beach sounds great but the question is does Senen Pousa’s ProphetMax program actually deliver results?

Literally dozens of wealth building programs promising to deliver passive income pop onto the internet daily and the majority of them simply fail to deliver. After the urging of a few of my investment partners I decided to take a deeper look into ProphetMax. Here’s what I discovered.

ProphetMax targets a 100% annual return on investments through Forex and various trading systems. The program’s goal is to enable each member to create a full time passive income within 3-5 years. However, high return investments are not the only focus of ProphetMax. The program is built to also deliver a quality financial education with strong emphasis on wealth building and personal development.

ProphetMax achieves this for its members by taking you through 4 different levels of financial education, wealth building and personal development with each level targeting a different area of wealth creation

ProphetMax Level 1

In level 1 you set your Target Passive Income (TPI) and develop a step by step plan of action. Level 1 is very intense. There are actually 13 different lessons with 5 steps in each lesson you must complete before you are allowed to proceed to the next level. In level one you’ll get really clear on where you currently are financially with a specific target and action plan to get your dream lifestyle within 3-5 years.

What’s amazing about level one are the KPI’s (Key Performance Indicators) that actually show you a very professional visual graph of your action plan. Mapping your target passive income out visually allows you to clearly focus on and attack your goals.

ProphetMax Level 2

Level 2 is where the personal development and mindset training kicks in. You’ll discover how to think like the rich and increase your comfort zone with abundance and wealth. Your mindset and having a prosperity conscience is probably the most overlooked but most crucial part of building wealth. You’ll never become a millionaire unless you learn to think like one. ProphetMax teaches you how to develop a wealthy mindset. This is what makes ProphetMax completely different from any other financial and investment trading program.

ProphetMax Level 3

This is where the action and magic happens. Level 3 is where you actually start creating passive income. There are several automated trading systems and professional traders that provide you with proprietary trading signals.

You simply follow the trading signals provided by professional traders. You do not need to know how to trade yourself. Your only job is to follow the recommended trades or you can have them executed automatically through your brokerage account.

This literally takes less than 10 minutes per day. There are also weekly webinars and detailed reports for tracking the ProphetMax trading system’s results. With detailed tracking you’re able to accurately fine tune and perfect your performance so you stay on the fast track to creating a fulltime passive income.

ProphetMax Level 4

Level 4 opens up various institutional grade investments and private placements which are not available to the public or any ProphetMax member who has not progressed past level 3. This is the kind of closely guarded financial information normally reserved for the ultra-wealthy. You’ll actually have to join the program and progress through level 3 to receive access to the wealth building strategies in level 4.

So Does ProphetMax Actually Deliver Results?

When it comes to passive income and building wealth there is no “magic system”. There is no “holy grail” money making formula. If you’re looking to get rich overnight you’ll be disappointed with ProphetMax. The system targets 100% annual returns with a 3-5 year plan to creating a full time passive income.

Business Credit Line Funding On Remote Control Asset Based Lending And Funding Delivers

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Business credit line funding needs can be achieved in more ways than one. The concept of having your funding needs on a ‘ remote control ‘ should be very appealing to most business owners / financial managers. Asset based lending via ‘ ABL ‘ credit lines is one way to put your company on cash flow auto pilot. Here’s how. Let’s dig in.

Businesses requiring SME COMMERCIAL FINANCE funding for cash flow are always challenged by the requirements of our somewhat monopolistic banking system in Canada. The strength, market dominance, and the regulated nature of our banks make it often difficult for companies who are even doing quite well to achieve some or all of the financing they need. Simply speaking they fall ‘ outside the box ‘ when it comes to requirements that include profits, cash flows, clean balance sheets, etc.

The banks requirement of covenants in cash flow, debt, profits, equity simply can sometimes not be always met, and these are typically a written part of your bank arrangements. Firms who fall ‘ out of covenant ‘ with their bank often find themselves feeling not so ‘ special ‘ when they are placed in Special Loans Default dept’s at the bank .

By utilizing your firms current and fixed assets asset based lines of credit allow you to leave your business on a kind of ‘ auto pilot ‘ for cash flow financing. That’s because the combination of accounts receivable, inventory and fixed assets allow you to monetize those assets into one single borrowing base that revolves and can be drawn down according to your cash flow needs.

When properly managed and utilized (and structured in advance!) this type of cash flow funding allows you to”

Finance operations

Engage larger clients/ larger orders/contracts

Finance inventory which in many bank circumstances is sometimes not achievable

Typically you would never use your revolving asset based credit line as a mechanism to acquire new assets – this is typically done via equipment leases or bridge loans that sometimes are more applicable when a firm is in a financing transition.

By the way, in a merger and acquisition scenario the Asset Based Credit Line is an excellent way to successfully acquire a target company.

How does the ongoing access to liquidity work in Asset based lending? A/R is often financed at 90%, and inventory borrowing margins, while depending on the type of inventory class (raw materials, work in process, finished goods) can range from 25-75% borrowing power. Should a business choose to monetize fixed assets as part of their revolving credit facility typically a third party appraisal/valuation is required.

It should be noted that ongoing reporting requirements are typical of an asset based line of credit – in some cases owners/managers might find rigorous monthly ( sometimes weekly ) reporting as a ‘ downside ‘ of ABL cash flow financing . While 99% of the time pricing on these facilities is higher than bank credit the alternative is a liquidity crisis for ongoing operations of growth.

We’ve shown how not all business credit lines are not created equal. If you’re prepared to investigate the applicability of asset based lending to your business seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your funding needs.

Stan Prokop

Tithing Under The New Covenant – Part 2

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Tithing is mentioned only 4 times in the New Testament, three times in the gospels and once in the letter to the Hebrews. In the gospels, Jesus acknowledged that the Pharisees were very careful about tithing (Matt.23:23; Lk.11:42; 18:12) to the point of over-emphasizing it. They were so focused on tithing that they lost sight of the great goal of the Law, i.e. love and justice to our fellow-man. Also, they trusted in their tithing to give them merit before God.

Now remember that the Pharisees were under the Law, and by law had to tithe. All people in Israel were under the Law. When Jesus was crucified He ushered in the New Covenant, and the Old was finished. Tithing was established under the Law and has no place in the Church. It is no light thing to choose to adhere to the Law, even with a seemingly small issue as tithing. Every person who chooses to keep any part of the Law of Moses is obligated to keep the whole Law and is therefore exposed to its curse.

This point is made in the solitary reference to tithing in the New Testament epistles, i.e. in Hebrews 7. Heb.7:5 reads “And indeed those who are of the sons of Levi, who receive the priesthood, have a commandment to receive tithes from the people according to the law, that is, from their brethren [Israel]. Note three things from this verse: 1) There was a commandment concerning tithes in the Old Testament; 2) They were to be given to OT priests (not the Church); 3) They were required by the Jews, not Christians.

Hebrews 7:12 notes that when there is a change of the priesthood, there must also be a change of the law. In other words, that commandment that did exist under the Old Covenant has been changed, because the priesthood to which it related has now also been changed under the New Covenant.

Hebrews 7:18 says that this commandment has now been abolished. That priesthood, because of its inability to bring perfection, is now annulled. The Old Covenant is obsolete, and the laws which required tithes to be given to the Levites are obsolete. These Hebrews, i.e. Jewish converts, were mixing the law with grace, and were told in chapter 7 to stop tithing! The Gentiles had no need of this message. The Gentile church was never under the law.

Is God in our debt, or are we in His favour?

In Rom.4:4 and 11:35 Paul makes it clear that if our doing any works, including tithing, meant that God was obligated to us in any way then we would not be in His favour but He would actually be indebted to us. Whenever you hear that you must do something for God in order for Him to bless you, be careful! If you believe this, you will be taken out of Gods grace and brought back into the realm of Law. And the Law will actually become a curse to you, because even if you keep it all in one area, say tithing, but not in another, then you will experience its curse.

If we do not tithe, how will Gods work get done and how will the pastors needs be supplied?

First, let me say that there is a hermeneutical principle that has always been helpful when interpreting the Bible and it is this – Major on majors. Jesus told 38 parables, 16 concern how we should handle money. He spoke more about money than He did about heaven and hell combined. One out of 10 verses in the gospels deal with possessions or money. In the Bible there are approximately 2500 references to money and possessions and only 500 references to prayer and faith. It is a major issue in the Bible. Many of these verses teach us that the way we handle finances reveals much about where we are at spiritually. Where your treasure is there will your heart be also.

The gospels contain more warning on the misuse of money, than any other subject. The first recorded sin amongst Gods people related to giving. Ananias & Sapphira dropped dead giving. So the way we handle our finances is an important issue in the New Testament.

Moses (the Law) said Tithe, but Jesus says, Give. The New Testament teaching was on giving, never on tithing. Giving is a result of the energy of Gods grace in our lives. Giving expresses a quality of living that reflects the nature of God. God so loved that He gave The Father loved to give all things to the Son. Jesus gave His life for the world. In doing so has gained an everlasting kingdom. But He will, one day, give it back to the Father. God desires to have a family that reflects His nature. It is the way of the Cross. It is more blessed to give than to receive. The Cross opens the heart, expands it, causing it to reach out to others.

When we are under law we have to be told to tithe. We reveal our immaturity under legalism by asking childish questions, such as, Should I tithe on my gross income, or my net income? Grace treats us as mature sons by not legislating. Grace takes us into the purposes of Gods heart, family and kingdom and allows us to be involved with Him. But our involvement is not solicited by fear-manipulation or guilt-manipulation, but as a result of the operation of the energy of grace in our hearts. So that which we give we do so freely. God loves a cheerful giver.

It is clear from passages such as 1 Cor.9:7-14 that we have responsibilities to ensure that Gods servants who preach the Word are free to do so unencumbered by secular work. But still there is no legislating this. We approach this matter as responsible sons, not as intimidated servants.

Monthly Billing Software Versus Manual Billing

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Dealing with business either small or big makes no difference. It needs strict compliance when it comes to cash finances. You should be kin of the in and out of your money. You have to be firmed when it comes to decision making and dealing with clients needs. But, this does not mean that you have to be stiffed in accommodating your customers or clients concerns. What we are talking here is the cash flow or finances. We all know that you can not run any kind of business without proper accounting.

Traditionally, this is done through manual billing process. Typically, it is practiced even at this present situation. Why? It is because people have heard the so-called monthly billing software but were not familiar on how to use the process. Maybe they are not aware how it is being run and how it is done. But, in todays situation we can say that billing or invoice software is better that manual billing. We are not saying that manual billing is no longer important. What we emphasize here is the advantages given to us of this billing software.

Reality shows that in preparing invoices and billings are time consuming. Monthly billing software is more innovative and easier to use and manage. You will have accurate records of your rates as well as the rates of your customers at a given time. You can easily monitor the status of the things paid and unpaid. You can have flexible time to contact your customers or clients. It is less error free compared to manual billing. In addition to this, in manual procedures if the statements are lost, it will take time to recover the data. Another thing is that you will have to wait for a long period of time because it will undergo the usual process again.

Probably, there is a need to educate more people who engaged in business about the uses of this software. Although it has been advertised in various websites but profound knowledge of the uses and purposes are still needed. This will release all the doubts and queries regarding the security and accuracy in using it. In order to stop people from keep on wondering how it truly works is to explain to them accurately.

As we mentioned the advantages, the said software is also applicable for music teachers. It would be easier for them to adjust their work schedules and administration of their finances. Since, time is very important to them as teachers they should opt for the monthly billing software. They can charge rates and collect the same to their client at the most convenient time. Unlike in manual billing that they have to do it manually so there will be great possibility of committing mistakes and errors.

Further, it would help them maintain their clients and improve the quality of their music lessons. Instead of spending hours in listing, computing and recording of the data, they can concentrate more on their lessons. And with this, efficiency and promptness in performing their tasks are no longer an issue to their profession.

Furthermore, when it comes to money matters, you can eliminate any conflict with your clients or customers. It is because you can present the data or invoice neatly and accurately.

Loans for Bankrupt People – Get Your Financial Support Back

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If you had declared the bankruptcy, then it is surely your worst day of life. However, at that time you also have different opportunities like loans for bankrupt people which are planned help for bankrupt people. This financial option offers the financial help so that bankrupt people can regain their monetary status.

These loans are available in secured and unsecured form. Borrowers can go for the loan according to their convenient. In the secured from, there is a requirement of placing the security against the loan amount. Without the security lender does not offer the amount. Homeowners can avail the cash with no hassle in the secured form.

However, tenants have the option of unsecured form to avail the loan amount. It is an advantage for the borrowers because of the no risk factor. They can avail the cash without any risk, but at higher interest rate. This is the perfect option if you need small amount to borrow.

With the help of the loans for bankrupt people, borrowers can smile once again because they will use this money to maintain their financial standard again. To get the approval you must be 18 years old with the UK citizen. It is very important that you have stable job so that you can pay back the loan on time. The person must possess an active bank account for the money transaction.

The online mode of applying for this credit option is just fantastic way to get the cash. In the online mode you do not need to go outside and search for the lender. You can easily sit at the front of your computer to make some healthy search.

A good search will be able to give you reliable lender for your procedure. It is very important that you select the right lender because you provide your crucial personal information to your lender.

Alex Jonnes is financial adviser for Online Loanss. click on the links to know more about loans for bankrupt people, payday loans no faxing, payday loans no credit check and extremely bad credit loans.

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