An important key to note, you will never to rich quick, not unless you have a lucky pick on the lottery.
I have completed a lot of research around this, and whilst the theories work I do not recommend you playing roulette online. Mainly due to the fact you never know if the wheels are spinning legitimately.
Okay, so here is how you do it.
You pick a roulette table from any casino. Then pick either red or black, odds or evens. I recommend you start off with small bets. You'll understand why soon enough.
Now that you've chosen your table and 'red' colour you stick with it.
As the ball rolls you place your bets on red, let’s say 10p is the amount you better. Your colour red comes in, well done, you've doubled your money.
But what happens if black comes in? This means you are 10p down! So on the next go you double your bet so you put 20p on red. Red comes in again and you've won 40p.
Okay, so what happens if we are on the 10th go and we are still waiting for the red to appear? As long as you keep doubling up your last bet you will be fine. For example:
Go 1: 10p
Go 2: 20p
Go 3: 40p
Go 4: 80p
Go 5: £1.60
Go 6: £3.20
Go 7: £6.40
Go 8: £12.80
Go 9: £25.60
Go 10: £51.20
As you can see, passed the 7th go the money soon seems to mount up and fast. This is why you only start very small. You also have to be careful as some of the tables that you play will have maximum betting cap. Some are around the £70 mark.
This is the one downfall, if you are now on go 11 on a table with a £70 cap, it would mean your next bet would be £101.40. Obviously here you would not be able to continue. This would potentially mean you'd lose the money.
I hope this helps.
Showing posts with label information. Show all posts
Showing posts with label information. Show all posts
Sunday, 10 June 2012
First Time Buyers: What We Did
Background
We were unaware of what would be needed and we were positive we would have at least another 2 years worth of savings to complete before being in a position to look at houses.
Using banking websites and other sites mentioned in my other blogs (Money Saving) we were able to get a rough idea of what percentage we needed to put down on the house.
Does the amount of deposit make a difference?
Its not necessarily the amount but more the percentage. Generally banks ask for 10%, however you will find by putting 15% you will have a quite large reduction of your monthly repayments, also if you make the mortgage term longer (40 years maximum [this will depend on your age]) you will see another reduction. However, by making the term longer you will pay a lot more interest. Therefore look to over pay each month.
Here's some calculations to prove the difference:
First time buyer looking at a house worth £120,000 with a 10% (£12,000) deposit will pay £579 which is at 4.3% APR over 30 years.
If we now take the same priced house but now with a 15% (£18,000) £498 a month will be repaid at 4.1%APR
This give you not only a better interest rate but also over the year a saving of £972... Almost £1000 this money could potentially pay for a holiday or even knock it off the borrowed mortgage amount (which I recommend). You will find most mortgage lenders will allow a free over payment service, however the amount will more than likely be capped.
My mortgage we are allowed over pay 10% of the borrowed amount each year. Basically this means if I borrowed £100,000 I am allowed to over pay £10,000 in the first year, meaning I now owe £90,000 (this does not include the money that have been paid via the mortgage). In the second year I am now allowed to over pay £9000, the third £8100 and so on.
Finding the right bank
Halifax was my initial bank. What you have to watch, every time you apply for a credit check (which the banks do when you apply for a mortgage) you leave little foot prints (some banks leave deeper prints than others), the more applications you complete the more footprints left. Even if you apply for credit cards, you can be making these foot prints appear on your credit check.
The banks will look at this and say ''why have you applied for so many credit checks?'' and potentially stop entering mortgage negotiations with you.
Other little things to be aware of
If you have a car finance plan, previous black listing / poor credit rating or a current loan (exception of student loan), this will lower the amount you will be able to borrow. Find about how deep your chosen bank goes into your personal financial situation. Some brush the surface, where as others go deep.
My advice
Take the mortgage proposal away from the bank, read it thoroughly and think about what you are trying to do. Really look into all of you finances. Talk to people who have got a house about the bills ad what they do to manage. Its not just about paying the mortgage, but also the food, gas, electric, insurances, council tax, water bills . . . phone bills, internet etc. Really think and plan it all out.
We were unaware of what would be needed and we were positive we would have at least another 2 years worth of savings to complete before being in a position to look at houses.
Using banking websites and other sites mentioned in my other blogs (Money Saving) we were able to get a rough idea of what percentage we needed to put down on the house.
Does the amount of deposit make a difference?
Its not necessarily the amount but more the percentage. Generally banks ask for 10%, however you will find by putting 15% you will have a quite large reduction of your monthly repayments, also if you make the mortgage term longer (40 years maximum [this will depend on your age]) you will see another reduction. However, by making the term longer you will pay a lot more interest. Therefore look to over pay each month.
Here's some calculations to prove the difference:
First time buyer looking at a house worth £120,000 with a 10% (£12,000) deposit will pay £579 which is at 4.3% APR over 30 years.
If we now take the same priced house but now with a 15% (£18,000) £498 a month will be repaid at 4.1%APR
This give you not only a better interest rate but also over the year a saving of £972... Almost £1000 this money could potentially pay for a holiday or even knock it off the borrowed mortgage amount (which I recommend). You will find most mortgage lenders will allow a free over payment service, however the amount will more than likely be capped.
My mortgage we are allowed over pay 10% of the borrowed amount each year. Basically this means if I borrowed £100,000 I am allowed to over pay £10,000 in the first year, meaning I now owe £90,000 (this does not include the money that have been paid via the mortgage). In the second year I am now allowed to over pay £9000, the third £8100 and so on.
Finding the right bank
Halifax was my initial bank. What you have to watch, every time you apply for a credit check (which the banks do when you apply for a mortgage) you leave little foot prints (some banks leave deeper prints than others), the more applications you complete the more footprints left. Even if you apply for credit cards, you can be making these foot prints appear on your credit check.
The banks will look at this and say ''why have you applied for so many credit checks?'' and potentially stop entering mortgage negotiations with you.
Other little things to be aware of
If you have a car finance plan, previous black listing / poor credit rating or a current loan (exception of student loan), this will lower the amount you will be able to borrow. Find about how deep your chosen bank goes into your personal financial situation. Some brush the surface, where as others go deep.
My advice
Take the mortgage proposal away from the bank, read it thoroughly and think about what you are trying to do. Really look into all of you finances. Talk to people who have got a house about the bills ad what they do to manage. Its not just about paying the mortgage, but also the food, gas, electric, insurances, council tax, water bills . . . phone bills, internet etc. Really think and plan it all out.
First Time Buyer’s Information: What Insurances Do I Need?
When you first take out a mortgage with an adviser my simple thing to remember is:
The more insurances you take out the more money the adviser will make.
A typical insurance will make the adviser around £400.
When we first sat with our adviser he gave us insurances for building, contents, loss of earning, life, sickness and redundancy this totaled up to around £2000 which would sit quite nicely in hit back pocket, but around £200 a month coming out of ours.
By law you do have to have life insurance cover however I am not too sure with regards to building and contents.
After carefully shopping around and reading the small prints we pay around £50 for all of the insurances (life, critical illness, buildings & contents).
You have a cooling off period for all insurances, this is usually 28-31 days so even if you sign you still have chance to opt out.
I did.
The advisers face was a picture when I return and told him I would like to cancel all of the policies he proposed.
You will feel obliged to take out the insurance with your adviser, they will make you feel as if they are your best mate and really looking out for you. LIES they would just like your money to line there pockets.
You can look and research your own to get them cheaper and more tailored around your needs.
Why didn't you go for the other insurances?
Well, take the loss of earnings, this will payout if you are off sick for more than 6 months then this will payout. Most employers have a 6 month full and 6 month half salary payout for sick. If you are off for more than 6 months, surely the illness will be covered within the life and critical illness cover!
Insurance tip
You ca get separate insurances, for example buildings and contents or life and critical illness. You can also get them combined, life and critical illness and also buildings and contents. By joining them together you will save money. But not always. I managed to take out 2 separate life and critical illness insurance policies on myself and my partner for cheaper than a joint policy. If I am being honest I am not too sure how but it saved £4 a month.
Take the time and get a joint and individual quote, you never know when you may save.
Also see if you can pay the policy in full per year, some policies allow you to do this and this will save you one to two months on your insurance. All you have to do then is repay the amount back into a separate account and then you have it ready for the following year.
Life insurance tips
Okay, you have a joint life insurance policy and one of you get a illness covered by your policy, you get a payout. But what happens if the other person gets a covered illness. Most insurances will not cover two payouts. Therefore look for separate, some policies also payout for children.
When it comes to how much you are worth why go more than the borrowed amount on the mortgage? anything over will mean you may be paying for nothing each month.
Check the policies return percentage and the amount of critical illnesses that are covered. The more in both the better potential should anything bad happen.
Building and contents tips
Check the price you are insured up to. When I was searching there was an automatic insurance of £20,000 for the entire contents. Lower this and this will reduce your payments again.
Check whether you have to itemize certain objects that are above the usual £1000 threshold, if its a £1000 TV realistically that TV is no longer worth that amount after the 12 month warranty runs out. All of the extra amounts you add here will add on your monthly payment.
Some buildings and contents look after the garden as well. Make sure the insured amount is in proportion to what you have in your garden. I would of though £1500 would cover most standard houses.
I hope this help.
The more insurances you take out the more money the adviser will make.
A typical insurance will make the adviser around £400.
When we first sat with our adviser he gave us insurances for building, contents, loss of earning, life, sickness and redundancy this totaled up to around £2000 which would sit quite nicely in hit back pocket, but around £200 a month coming out of ours.
By law you do have to have life insurance cover however I am not too sure with regards to building and contents.
After carefully shopping around and reading the small prints we pay around £50 for all of the insurances (life, critical illness, buildings & contents).
You have a cooling off period for all insurances, this is usually 28-31 days so even if you sign you still have chance to opt out.
I did.
The advisers face was a picture when I return and told him I would like to cancel all of the policies he proposed.
You will feel obliged to take out the insurance with your adviser, they will make you feel as if they are your best mate and really looking out for you. LIES they would just like your money to line there pockets.
You can look and research your own to get them cheaper and more tailored around your needs.
Why didn't you go for the other insurances?
Well, take the loss of earnings, this will payout if you are off sick for more than 6 months then this will payout. Most employers have a 6 month full and 6 month half salary payout for sick. If you are off for more than 6 months, surely the illness will be covered within the life and critical illness cover!
Insurance tip
You ca get separate insurances, for example buildings and contents or life and critical illness. You can also get them combined, life and critical illness and also buildings and contents. By joining them together you will save money. But not always. I managed to take out 2 separate life and critical illness insurance policies on myself and my partner for cheaper than a joint policy. If I am being honest I am not too sure how but it saved £4 a month.
Take the time and get a joint and individual quote, you never know when you may save.
Also see if you can pay the policy in full per year, some policies allow you to do this and this will save you one to two months on your insurance. All you have to do then is repay the amount back into a separate account and then you have it ready for the following year.
Life insurance tips
Okay, you have a joint life insurance policy and one of you get a illness covered by your policy, you get a payout. But what happens if the other person gets a covered illness. Most insurances will not cover two payouts. Therefore look for separate, some policies also payout for children.
When it comes to how much you are worth why go more than the borrowed amount on the mortgage? anything over will mean you may be paying for nothing each month.
Check the policies return percentage and the amount of critical illnesses that are covered. The more in both the better potential should anything bad happen.
Building and contents tips
Check the price you are insured up to. When I was searching there was an automatic insurance of £20,000 for the entire contents. Lower this and this will reduce your payments again.
Check whether you have to itemize certain objects that are above the usual £1000 threshold, if its a £1000 TV realistically that TV is no longer worth that amount after the 12 month warranty runs out. All of the extra amounts you add here will add on your monthly payment.
Some buildings and contents look after the garden as well. Make sure the insured amount is in proportion to what you have in your garden. I would of though £1500 would cover most standard houses.
I hope this help.
Friday, 8 June 2012
Staffordshire Bull Terrier: Information
I am an owner of a Irish Staffordshire Bull Terrier and with the bad press sounding them I though I'd blog a little about them.
History
During the late eighteenth century blood sports like cock fighting we very common. The earlier Bull Terriers were breed for strength and fighting ability.
Many websites and published articles relate to the Bull Terrier ti be within the top 10 dogs for family with children:
http://www.dogguide.net/blog/2008/05/the-best-family-dogs-10-breeds-for-homes-with-children/
http://www.sheknows.com/pets-and-animals/articles/807366/top-10-dog-breeds-for-kids
Staffordshire Bull Terriers have a tenancy of being called Nanny dogs due to there great nature when it comes to children.
Temperament
You must be aware that there will be individual difference within any dogs personality. Because of the breeding over generation the modern Staffordshire Bull Terrier (pictured) is known for its very high intelligence, affection towards friends and children and off duty quietness.
Many people have said that ''there is no breed as loving as a Staffie with his family''
Due to their fondness of people Staffords make poor guard dogs, mainly as they want to play.
The breed is of a high intelligence, always eager to please any person. Staffords adapt quickly to most situations and puppy training isn't really an issue.
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| English Staffordshire Bull Terrier |
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| Irish Staffordshire Bull Terrier |
The most important thing to remember with any dog is if you treat them well, they will return the favor. Bad owners of make the bad press in the paper not the dogs. If you mistreat any dog they will turn, treat them with love and kindness and they will do the same.
Don't believe all you read!
The link below shows just how loving Staffords are:
http://www.youtube.com/watch?v=odi0XlI-4_g
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