Author: Complete Controller

Readers are most curious about the topic of ‘when should I retire? Should I retire now or leave it until the New Year?’ comes the question. The reason behind these questions is to get a high pension. The question is, how much will retirement be affected by retiring at the end of the year and retiring at the beginning of the New Year? Others are looking for ways to work a little more and increase their pension even though they are retired. Is there a difference in salary between filing a retirement petition by the end of 2022 and submitting it at the beginning of 2023? Here are all the curiosities.

When is it Best to Apply for Retirement?

There is a specific difference in pension between retiring by the end of 2021 and applying in January 2022. If you use until the end of the year, you will add this year’s January and July pension increases to your pension. If you apply at the beginning of 2022, you will add only the increased amount to your retirement in January of the New Year. There will also be a difference in the determination of the pension.

How is the Pension Determined?

The pensions of those first insured before 2000 and between 2000 and 2008 and those with insurance after 2008 are calculated differently. The pension is calculated according to the number of premium days, monthly average earnings, inflation, and growth rate in its simplest form. The pension amount is found by multiplying the average monthly payments with the monthly bonding rate calculated according to premium days. Average monthly earnings are also calculated according to periodic consumer inflation and add 30% to the growth rate. The pension is determined by multiplying the updated monthly payments and the pension rate, and this salary is increased at the rate of past inflation.

Is the First Start Date Important?

Offering a pension petition until the end of the year is more beneficial in times of low inflation. In addition, it is more advantageous to submit a retirement petition after the New Year when inflation is high. Of course, the high growth rate also positively affects pensions.

Is the Situation Different for Civil Servants?

The civil servant’s pensions are determined according to the salary coefficient. The salary is specified over the new coefficient if an application is made in the new year. In this case, if a pension petition is submitted by the end of the year, the salary is determined according to the last civil servant salary coefficient. The retirement bonus is paid over the salary coefficient on the date of the retirement petition.

Will my Salary Decrease if I Do Not Retire and Continue to Work?

The main factor in the decrease in pensions is the rate of pensions. With the regulation made after 2008, the longer the working period, the lower the pension rate, and those who paid premiums for more than 20 years pay more dividends, but their pensions decrease in return. Of course, this is not include applicable to all employees. The higher the premium, the higher the retirement if paid from the ceiling. However, when those working with a minimum wage and a salary slightly above the minimum wage do not retire and work more to get a higher salary, their pensions decrease by $2-3 every month.

There is a difference. The amount of severance pay changes twice a year, in January-July and July-December, and the Ministry of Treasury and Finance declares this change. The severance pay ceiling for workers in July-December 2021 was determined to be $8,284.00. If you submit a retirement petition by the end of the year, the severance pay is calculated over this ceiling. If you retire at the beginning of 2022, the calculation happens over the newly announced compensation ceiling. For example, the severance pay ceiling for those who retired in January-June this year was over $7,638. Those who will retire by the end of the year will be over $8,284.00.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

What is a Savings Account?

A savings account is, as it sounds, a bank account where you can save money. It is a safe form of savings where you know exactly how much money you will have in the account in a year.

In a savings account, you save entirely without risk, but it also means that you get a low return on your money. Therefore, it is good to have enough money in your savings account.

Benefit Account – The Flexible Savings Account

The benefit account is our regular savings account with the most excellent flexibility. There is no lock-in period, but you can withdraw as much money as you want at any time. It is a safe alternative for you who may need your savings at short notice. The benefit account has a lower interest rate, currently 0.00%.

Fixed Interest Account – Savings Account with Interest

You tie up your money for an optional period in our fixed-interest account. This way, you get a higher interest rate than in a regular savings account, which is currently 0.15% –0.41%.

You receive the same savings interest rate throughout the crucial period and know what interest rate you will receive in advance. The minimum amount you can save here is $15,000. The money in the Fixed Interest Account is locked during the lock-in period. You can withdraw cash in advance, but then for a fee.

How Does a Benefits Account Work?

A Benefit Account is an ordinary savings account without a lock-in period. The account has free withdrawals, meaning you can withdraw money from the account at any time you need it without any fee.

Once you have opened your Benefits Account, you will find it among your other accounts in the Internet bank and the app. You can see all transactions there and start, make changes, or pause your savings immediately. In the Internet bank, you will also find the account terms.

How Does a Fixed-Rate Account Work?

The fixed-interest account is linked to one of your regular savings accounts. It means that deposits and withdrawals are always handled via that account. The fixed interest account is found in the Internet bank and the app. There, you can keep track of all transactions and see your terms.

Get a Favorable Interest Rate on Your Savings

Our fixed-rate account, which we call Fixed-rate investment, is a good alternative for savings you do not need to use for a certain period. You can choose a fixed-interest account when you have a savings capital of more than $15,000.

By tying up all or parts of the sum in a fixed-rate account, you get a higher savings interest rate than in a savings account with free withdrawals. There are different lock-in periods, which means that you can adapt your savings to your needs.

The Interest Rate is Fixed Throughout the Binding Period

What characterizes a fixed interest rate account is that the savings interest rate is fixed and predetermined throughout the crucial period. Usually, the interest rate is higher than you get in a savings account with a variable interest rate.

The interest rate you receive is determined based on the market interest rate on the day the investment occurs. The total interest is paid on the day the lock-in period ends. 

The Deposit Guarantee Covers the Fixed-Interest Account

The deposit guarantee protects your fixed-interest account. It means that you will receive compensation for deposits up to $100,000 should the bank go bankrupt. You will also receive compensation for the entire amount if you sell your private home, provided the money is to buy a new one.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Company culture is the sum of a specific organization’s collective attitudes, actions, values, and characteristics. Alternative phrases commonly used by business professionals in place of company culture include:

• Corporate Culture
• Organizational Culture

Case studies have shown that 77% of adults consider corporate cultures closely when applying for job opportunities. Additionally, 56% of participants rate company culture as more important than compensation.

From employee engagement to bottom-line profitability, every facet of a firm feels the influence of the corporate culture. As a result, businesses recognize the significance of corporate cultures and the value of improving them.

As company culture researchers, Dr. Robert Quinn and Kim Cameron of Michigan conducted significant case studies and analyses. The Organizational Culture Evaluation Method, usually abbreviated as OCAI, was created and cradled by Kim Cameron and Robert Quinn in 1983.

Kim Cameron and Robert Quinn looked at 39 different aspects of corporate efficiency and discovered two distinct polarities. Internal concentration and integration versus exterior attention and differentiation are the first polarities. Stability and control versus flexibility and judgment are the second polarities.

The Competing framework visibly describes the findings of Robert Quinn and Kim Cameron. OCAI targets four different types of company culture, including:

1. The culture of the adhocracy

Adhocracy cultures have two opposing values: flexibility and discretion and external focus and difference. The adhocracy culture is great for organizations in the technology industry and workplaces that encourage creativity.

An adhocracy culture is preferable for businesses with fundamental values to generate new ideas and take risks. Employees are encouraged to experiment with fresh and inventive ideas in an adhocracy culture.

The adhocracy culture is good for creating new products or improving old ones. Adhocracy culture fosters the creativity and agility required to stay competitive in today’s rapidly changing global marketplace.

2. Clan culture

Clan cultures have two categories in the Competing Values Framework: freedom and discretion and internal concentration and integration. Clan culture places a high value on teamwork and friendship inside the organization.

Clan cultures are an excellent fit for organizations that see their staff as an extended family. It helps to facilitate these extremely close relationships in the workplace, and clan cultures prioritize team development and collaborative efforts.

Clan culture is a suitable fit for a culture centered on loyalty and trust, and it can bring significant benefits to both firms and their personnel. According to case studies, employee engagement is positively affected when employees believe they are vital team members.

When hiring rates increase, productivity also increases, which translates into higher profitability of the results. Also, happy employees will likely be better customer service representatives, significantly benefiting a company’s brand and reputation.

3. Culture of hierarchy

Hierarchical cultures produce stability, control, internal focus, and integration within competing values. Hierarchical culture is perhaps the most traditional of the different types of corporate culture.

Decision-making is primarily the responsibility of the company’s leaders and executives in a hierarchical culture. Control, as well as efficiency, are the fundamental values of a hierarchical culture.

While the adhocracy culture embraces new ideas and encourages risk initiatives, hierarchical cultures are much less tolerant. The hierarchical culture is appropriate for companies that consider safety a priority issue.

Industries that benefit from the hierarchical culture include government agencies and healthcare organizations.

However, many companies focused on customer service also use a hierarchical culture, including fast food establishments.

A significant advantage offered by the hierarchical type of culture is the probable stability of both the profitability of the results and the levels of employee participation. One consequence of the hierarchical culture is the failure to adapt quickly to market changes and customer demands.

4. Market culture

Market cultures are in multiple categories, such as stability, control, discretion, and outward emphasis and distinctiveness in conflicting ideals. The bottom-line profitability is the top priority for the market culture type.

One disadvantage of market culture is that it places a low value on employee involvement and pleasure. Employees believe this type of culture does not value their individual development because of the emphasis on performance and effectiveness.

On the other hand, the exact concentration on performance and productivity is a significant benefit of market culture. When highly gifted individuals are adequately and generously compensated financially for their hard work, they feel valued in this type of culture.

Companies that want to control as much revenue as possible embrace this culture. Individualistic competitiveness is highly high within organizations in market cultures, unlike other cultures that significantly emphasize teamwork and collaboration.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Here are some tricks to become better in your career.

1. Get better and better

The secret to success is always striving to improve, no matter where you are, who you are, and your position. Learn all you can, and look for career opportunities. Miracles don’t just happen in business. Success results from continuous self-learning when you do not just study but also apply the acquired knowledge for professional purposes, set complex tasks for career development, and bring any planned business to fruition.

2. Focus on solutions, not problems

The fact that you do not see a solution at a particular moment does not mean it does not exist. Use your inner instinct to find a way out of a difficult situation. Look at the problems more broadly – instead of immediately giving up with the wording “the goal is unattainable.” Believe in yourself: People with high self-esteem tell themselves to overcome obstacles to their dream careers.

3. Be willing to pay the price of success

If the goal is effortless and can be achieved without resorting to our most striking or, conversely, hidden abilities, then it will bring little benefit, even when completed. Remember that it is the overcoming of difficulties that makes us develop.

4. Learn to get rid of distractions

You consciously build a successful career, be disciplined, and focus on your priorities. And make the main goals and obligations that promise the greatest return.

5. Determine what matters to you

Formulate what you want to do at work, what your daily and strategic tasks should be, what people you want to work with, and what knowledge you hope to gain as a result.

6. Invest in relationships

When it comes to people, you get what you put in – and more. Sincere concern and a positive attitude towards life will provide you with the help and friendship of those around you.

Start looking for the best in every person and the positive in every circumstance. With this approach, you will inspire others and win their trust and loyalty, which is one of the most prominent (and enjoyable) ways to make a career.

7. Surround yourself with can-do people

The type of people you surround yourself with either enhances your chances of success or greatly hinders your ambition and creativity. People who believe something is impossible will turn themselves inside to prove they are right. But moving among people who “go and do” make dreams come true, you will become infected with their ambition, self-confidence, and approach to achieving professional goals.

8. Become a fighter

Success comes to those who fight to the last, even when others give up. Perseverance, the ability to take a hit, is the best assistant to any achievement. To meet challenges with a smile and self-confidence time after time, treat them as temporary and surmountable. A common feature of less successful people is their dubious “talent to see” in any failures, the tragedy that will end their careers.

9. Choose a profession that makes you happy

Contrary to popular belief, happiness is not a by-product of success. On the contrary, it is an ingredient. Job satisfaction is a crucial factor on the path to career achievement. Happiness improves focus, stimulates creativity, and generates ambition. To give the maximum, the employee must be satisfied with his work. And the money will come later.

10. Remember that nothing great is achieved alone

Successful interaction with people is based on the willingness to accept another’s point of view without prejudice. Learn to see the world through other human’s eyes, and remember that gratitude, kindness, and friendliness help (together) achieve any goal.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Do you not have a diploma but still want a good income?

Then you are probably looking for a well-paid job with a top income, even without a diploma.

Fortunately, you ended up on this page because I will show you a list of a few jobs where you can get a nice income even without a diploma.

You don’t need any training or certificates for these jobs, so that you can apply immediately!

Journalist

You can also become a journalist without a diploma. You must develop a good story and send it to as many different newspapers as possible. Do this until they start paying you for it, and you are a paid journalist. Get better at it by doing it more often, and you’ll become a well-paid journalist!

Trader

If you have ever bought and sold something on Marktplaats, you can quickly expand this further into a trade. So many products are offered for next to nothing that you can sell for more.

If you take this increasingly more significant, you can grow into someone who earns a thick sandwich with it.

Call Center Employee

To be a call center employee, you must be able to chat a bit, but you can certainly learn that.

As a call center employee, you do not need a diploma, and you can, therefore, also apply without needing a diploma. Companies always need someone as a call center employee.

The nice thing about being a call center employee is that the wages can also be relatively high. The salary of a call center employee is, on average, around $2,800 per month.

An additional advantage is that you can work from home sometimes.

Collecting Garbage

Sanitation workers are far from having it so bad. A garbage collector earns quite well – on average, $3,200 per month.

In addition, anyone can start as a garbage collector, so you don’t need a specific diploma.

Being a garbage collector is also very healthy. You spend a lot of time outside, and you have enough exercise. You also work for the government in many cases, so you have excellent (secondary) employment conditions.

Stock Trading

Trading stocks can make you a lot of money, but you can also lose a lot. So don’t just start trading stocks recklessly; before you know it, you will have lost a lot of money.

It would be best to say that once you understand how it works, you can earn a lot of money – and the sky is the limit.

You do not have a fixed income—no boss who tells you what you can and cannot (earn). You and you alone are responsible for your success.

You do not need a degree to start trading stocks. Anyone can start with it, but I recommend reading well in advance.

Working in the Hospitality industry

There is currently plenty of work to be found in the hospitality industry.

Employers are eager to jump on you if you say you would like to start as soon as possible.

And yes, you don’t need a diploma to work in the hospitality industry. In addition, the salary is not that bad at all, and you often get a decent tip.

A good tip is to register in advance with the Chamber of Commerce and let yourself be rented out through sites such as Temper. You will then earn more than you are employed.

Become a Programmer

Companies like Google, Facebook, and Apple no longer consider education.

It’s not surprising because a course does not say how well you can program. You learn that yourself.

Build a Passive Income with Affiliate Marketing!

You have now been able to read nine high-paying jobs without a degree.

Of course, these are all good jobs, but I believe freedom is much more important than money.

I didn’t finish school, so I don’t have a diploma. I started. I earn about $7,500 per month with affiliate marketing.

The nice thing is that I only need my laptop and internet connection. You can, therefore, do affiliate marketing from anywhere in the world.

Become a Model

You (of course) do not need a diploma to become a model.

A model must rely on its looks. In addition, a (good) model often earns a lot of money. Just look at paid models like Doutzen Kroes.

To become a model, you can register with a modeling agency, but of course, you can also create an Instagram account yourself and let it grow. Plenty of models these days have become known in this way.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

One of the most relevant aspects of SME management is inventory control, understood as the set of processes related to the supply, storage, and accessibility of a business’s goods to ensure their availability while spending the least amount of money possible.

We are talking about a concept covering different aspects, such as the registration of quantities, price, location of products, rotation, and management of the information derived from them. Hence, inventory control is essential in a company, and there is a need to implement mechanisms and strategies to improve it. 

Leading Strategies to Improve Inventory Control

Some general strategies of great utility for all types of SMEs and companies are the following:

1. Establish the optimal inventory level

It is essential to implement and optimize all inventory control mechanisms. The concept refers to the point where the amount of stock does not show excesses that increase storage costs, but it neither presents shortcomings that prevent responding to customer demand. The idea is to determine it based on sales history and customer demand data.

By defining this indicator, you can establish good strategies to improve inventory control because you know the ideal quantities of each product are in stock, and you can prioritize their management.

Estimates show that 80% of the demand comes from 20% of your products. That is why you must identify the products with the highest turnover and those that do not usually attract your customers’ attention but are necessary to maintain variety.

2. Track inventory accurately

Once you have determined the optimal stock level, you must keep it that way. To help you with this complex task, you can implement inventory management software, a tool in which you have all the information on the merchandise that leaves or enters the warehouse and is up to date in real-time.

• • How can we improve inventory control with this information?

They identify shortages of stocks and excess merchandise to request purchase orders on time and design sales strategies to exit products with low turnover or close to their expiration date.

3. Do a physical inventory count periodically

It is one of the best strategies to improve inventory control. Although you have the information on all the stocks in the system, items may go out without being counted (sales not registered, operator carelessness, theft, etc.).

 It is necessary to periodically carry out a physical count to verify that the actual stocks match those registered, even random.

4. Lean on electronic invoicing software

Management software is the best inventory control mechanism, but integrating it with an electronic billing system can improve results. 

Every time you make a sale and generate the respective DTE, the inventory system automatically updates the records, discounting the sold merchandise from the stock.

It’s about simplifying processes. Invoicing software is of great help for stock control even when it is not aligned with the inventory system or even if you do not have an inventory system.

Why? The billing software generates a sales and purchases report to see which products you have sold and purchased during a specific time. When comparing it with your initial stock record, you should know, on paper, which items you have in stock, which ones you don’t, and which ones have the highest turnover.

5. Develop a comprehensive and comprehensive logistics plan

Improvising inventory management is like managing money and expenses without any control. After all, it is a collection of assets that will become liquid in the short term, which is why they have terrific weight and financial value.

For this reason, from the moment you define the business plan, you need to establish a logistics and strategic plan that encompasses all actions related to controlling this area.

If your company started activities years ago and you have not yet taken this step, don’t worry! In that case, analyze the characteristics of your operations very well, detect the classic problems you experience with inventory, and then develop a broad strategy focused on optimization.

In addition, establishing the optimal level of stock and specifying the technologies and resources that you will use to monitor your operations and inventory logistics plan requires defining the following key points:

Specific Tasks

It is essential to determine very well what operational tasks will be part of inventory control: periodic reviews, audits, goods entry, stock updates, and management of applied technologies can be some of these functions.

Define them clearly and specify the contexts in which they should occur and their frequency.

Task Managers

Once you have defined the tasks, it is time to assign people responsible for each one.

Evaluate the profile of your human talent very well so that you can give each employee a role adapted to their characteristics and abilities.

Being aware of the great value of inventory, many entrepreneurs tend to take on all the tasks of managing it themselves, which is a big mistake.

For the management to be intensive and allow constant monitoring, you need to delegate functions and support your team.

Hierarchies

The inventory control should have a small organization that defines the employees’ hierarchies in this area.

For management to be effective, you must establish a leader or supervisor with whom you work hand in hand and constantly review the effectiveness of the management model.

Warehouse Sorting Systems

While digitizing your inventory is very important, this does not mean that you can neglect stock on the physical plane.

Sorting and classifying them is also essential to avoid losses and streamline today’s day.

Operations. Sort and classify them according to some of the inventory control techniques.

Given this reality, it is convenient to define a merchandise organization system, which can be:

• • ABC method: ordering the warehouse so that the products with the highest value are the most accessible and visible to guarantee greater control and speed of management. Category A is those merchandise that generally represents around 20% of the stock units but whose estimated economic value is 80% of the inventory. Meanwhile, category B products are established in medium-access areas and type C in the most remote or complex management parts.
  • FIFO method: first in, must be somewhat out, that is, be sold. This method works best for stores of perishable products and technological devices that can become obsolete quickly. The objective is that the new goods are placed in the most privileged areas regarding their access to the warehouse. Also, the stocks of stores and shops are exhibited in the most visible spaces to encourage their rapid rotation.

6. Carries out management reports

To reinforce and consolidate inventory control, develop periodic management reports that allow you to detect points of improvement, problems, and progress compared to previous months or years.

Losses that have occurred each time and discrepancies between physical and digital inventory are excellent metrics you can analyze and document.

The collaborators’ performance involved with inventory management, the real impact of the technologies implemented, and the assertiveness of the logistics plan are other aspects to consider in the management reports.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

National Travel Insurance Coverage

The situations covered by travel insurance may vary depending on the insurance company and chosen plan. Even so, some coverages are standard, and they are worth introducing. See below.

1. Medical and dental assistance

You may require medical or dental attention while on vacation due to a disease, an accident, or another circumstance.

When a travel insurance policy includes medical and dental coverage, the insurance company will pay for the insured’s care. In other words, it covers the costs incurred, such as emergency treatment and hospitalizations.

This coverage frequently covers medical transfer and pharmaceutical help for drug purchases.

2. Lost luggage

Lost baggage is one of the most prevalent issues that travelers face. Have you ever wondered what it would be like to arrive at your destination only to find your bag at another location?

This kind of event typically causes the passenger a lot of problems. However, if national travel insurance is purchased, the insurer assumes responsibility for resolving the issue.

You can appreciate the tour without the hassle of retrieving your bags. The insurance provider will help you locate your luggage and ensure you return it.

In addition to the loss, it is typical for insurance providers to cover suitcase damage, theft, and baggage theft. However, in the latter circumstances, you must take some measures.

For example, transport and insurance companies recommend placing valuables in a carry-on bag. You may not cover the damage if they are stolen because they were in checked baggage.

Anyway, these rules can change. So, go through the contract carefully to find out the rules.

3. Body transfer

If the insured person expires, the insurer will also pay for and expedite transferring the body. Thus, the user’s family will not have to worry about the process at this time of loss.

4. Trip cancellation

When the insurance covers trip cancellation, the insured is reimbursed for the non-refundable expenses for the trip. It usually includes costs such as transport and accommodation purchased as a package.

5. Health return

The health return coverage is valid to cover the insured’s return to their place of origin. It usually applies when the individual is forced to return home after a personal accident or illness during the trip.

6. Legal fees and bail

You may become involved in situations that need you to visit the local police station at your location—for example, disobeying a traffic law or disagreeing with others.

The insurance company may cover legal expenses and bail if necessary.

Understanding that each national travel insurance policy has a maximum coverage limit is essential. The insured is responsible for the remaining amounts when the claim cost exceeds this limit.

That is why it is critical to get insurance that provides enough coverage. You’ll be more confident that you’re always protected, with no extra costs.

Furthermore, insurance typically includes what are known as excluded risks. In other words, conditions that result in the insurance coverage being rendered null.

For example, the insurance has coverage for personal accidents. But if the insured causes the accident on purpose, this is an excluded risk. The insurer will not be required to cover the situation.

7. Monitoring of children and the elderly

Monitoring children and older adults is optional and applies in two situations.

When there is hospitalization due to a covered personal accident or illness or when the insured person’s death leaves them unaccompanied

Accompaniment works as follows: by providing a transport service or reimbursement of expenses for the transfer of a companion to the place of travel, by the general conditions and limitations of contracted value.

In this case, the coverage is for the costs of rebooking a return ticket for the child or older adult, purchasing a new ticket in economy class, or the return trip for the adult designated by the insured’s family.

You can activate the insurance for children up to 14 years old and seniors over 70 years old.

How does National Travel Insurance Work?

For example, as in the most common insurance, car and home, travel insurance guarantees assistance to the individual after a covered accident.

After the insurance covers a situation, the insured can call the insurer. Then, you will have access to compensation and assistance to solve the problem presented.

Is National Travel Insurance Worth it?

You’re probably wondering, “Why do I need national travel insurance if I have medical insurance?” Don’t worry; we’ll explain everything to you.

National coverage is not available in all medical plans. In other words, you can have coverage in the state of So Paulo – where you reside – and then travel to Fernando de Noronha in Recife. Can you imagine if you get food poisoning or a sprained foot and then realize that your health insurance does not cover you in this state?

Furthermore, travel insurance covers more than just medical treatment; it also includes dental coverage, lost or damaged luggage, and airline cancellation, among other things.

This is why it is critical to have travel insurance. It’s well worth it and a small price to pay for your peace of mind throughout the trip. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

GDP growth figures were announced by TUIK yesterday. The first-quarter growth rate of 2018 was as high as 7.4%. Such a high growth rate should generate a lot of joy worldwide. However, many economists expressed their concerns after the announcement of this figure.

So Why?

When we look at the sub-components of the 7.4% growth, it is seen that private expenses are the driving force in growth. It is seen that investment expenditures, especially construction investments, stand out in transition.

The part about investment expenditures and construction has already been criticized for a long time. However, this time, the most significant complaints about growth are gathered under two headings.

Is Expenses-Based Growth Undesirable Growth?

Many developed states, especially Japan, have been trying to have a dynamic economy with an increasing propensity to consume for a long time. People living in your country consume more under certain conditions may indicate that welfare has increased relatively in that country. In other words, some countries even have problems because there is no consumption.

Then it is possible to say: If you have an economy that can increase consumption under certain conditions, consumption-based growth is a very desirable growth model, let alone bad.

Production – Consumption Balance

Higher consumption means higher demand. High demand creates the necessary ground for producers to produce more in a country. Suppose the manufacturers have a flexible structure or an environment where they can quickly implement investments that will respond to this demand. In that case, the result will also indicate an increase in production. In other words, you can create a healthy growth environment and generate more income in the country.

Therefore, if you have a production infrastructure that can respond to increasing consumption, it is good that the consumption is high.

In other words, it is quite insufficient to meet the demand regarding production capacity and quality. The negative trend in inflation and current account deficit figures confirms this finding.

If there had been an increase in production as much as the increase in demand, there should not have been such pressure on prices. In other words, since the demand dimension of inflation would be more limited, the increase in inflation would not be as high as it is today. The current account deficit points to a similar situation. Since domestic production cannot meet the demand, Turkey is forced to import, and the current account deficit is increasing rapidly.

From this point of view, the record increase in the current account deficit and the demand-based pressure in inflation show us that consumption-based growth does not correspond to domestic production. Production cannot respond to the increase in demand.

Unless we establish a production infrastructure that can increase consumption in our favor, high demand, which is an essential opportunity for growth, returns as inflation and current account deficit for us and turns into a threat contrary to expectations.

Source of Consumption

A second issue here is consumption in return for income. So is the increase in consumption parallel to the rise in revenue, or are consumers giving up on their future income? If the source of consumers’ demand for goods and services is the increase in their income, then it would not make sense to criticize today’s growth, which is also based on consumption. However, in Turkey, unfortunately, this condition is not fulfilled. In other words, the increase in demand indicates a debt-based consumption increase. How do we know?

The point that citizens’ credit card and consumer loan debts to banks have reached in the last 15 years indicates that consumption is based on borrowing, not income growth.

From 2002 to February 2017, consumers’ credit and credit card debt to banks increased 64 times, from 6.6 billion to 426 billion.

So, Does this Promise Sustainable Growth?

In this period, the interest rates have risen from 10% to over 20% in the last few months. And there is a risk of a further increase due to global developments. It will not be surprising that the consumer becomes weak even while paying his current debts, alone consuming new borrowings.

Distribution of Consumption

Defining the consumption increase of large segments of society, who try to meet their basic needs by borrowing with their low income, as an increase in welfare will not be accepted by today’s standards. In other words, if we go through the refrigerator example, having a refrigerator in today’s technology is not an indicator of an increase in welfare but meeting basic needs. What matters is the fair distribution of the rise in consumption and income.

However, if this is achieved, consumption-based growth will become sustainable.

Consumption-based growth is not bad. On the contrary, it is pretty good if it is evaluated well. Let’s not forget the Western countries and Japan, which have been trying to increase the demand for years.

The issue in Turkey is not that there is a consumption-based growth but that there is no production and income increase to meet this increasing consumption. Other macroeconomic indicators, especially inflation and current account deficit, deteriorate further when the environment is like this.

Let’s Wake Up Soon

The issue is not in the growth structure but in the economy’s structure. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Here I will give you three tips to learn to invest intelligently without it representing a problematic expense.

To give you these tips, I have referenced the book “The Intelligent Investor “by Benjamin Graham.

What Does it Mean to be an Intelligent Investor?

According to Graham, the meaning is quite simple and is based on three pillars:

Be patient

According to Warren Buffet, the investment market is a game in which those in a hurry give their money away to those who know how to wait. It means that when you start investing, you must be very clear that this is a long road, and if you think that you will only recover your investment in days, you will be very disappointed (and your wallet too).

Have emotional discipline

When you start investing, many things can go wrong. In the same way, you may multiply your investment; you can lose it all. This risk often leads to a series of rash and emotional decisions, prompting new investors to act on sheer instinct or emotion, not letting rational analysis guide decisions.

Here comes the term emotional discipline. If things start to go wrong, you should be aware that it could happen, and that is not why you should start making arbitrary decisions with your portfolio, but rather act based on what you have learned and have been planning. The same thing happens when something goes well. You should not trust yourself and start throwing yourself without analyzing it objectively first, avoiding letting yourself be carried away by emotions.

Always be eager to learn

In the world of investments, information is always your best ally. It is why you must always be willing or willing to learn more and get to know the industry you are entering. There will always be best practices to master, and industry reports to read, and professional analysis to investigate. These information points will be invaluable when deciding on your portfolio and avoiding falling into the abovementioned points.

Three Common Mistakes when Investing

Considering these considerations, I want to mention the possible mistakes you will fall into (or have already fallen into) if you are not cautious or cautious when investing.

1. Speculate by guessing instead of investing

When you measure the wind with your finger or get carried away only by your emotions, you are not investing; you are speculating without support. It is only guesswork and is not technical to help you make it a sustainable practice.

2. Speculate without the necessary skills

When you still do not understand how the platform you are investing in works or do not know how to carry out essential activities within it, it is not yet time for you to start investing. These platforms usually have a trial balance that you can use as an experiment to use in simulated investments and develop your knowledge. There are also methodologies, techniques, and routines with which you must familiarize yourself if you want to invest correctly. Don’t run before you walk.

3. Risking more money than you are willing or willing to lose

As I mentioned initially, losing everything is never a possibility in investments. When you become an intelligent investor, you reduce this risk to a minimum. That is not why you should put aside the clear notion that all that money can vanish, so the money you decide to enter the investment market is capital you are sure could disappear.

Do not invest money you have obtained through debt or with which you thought to pay critical pending in your life, believing you will support and recover that money later. It is too risky a bet and could compromise your financial (and emotional) stability.

Suppose you want to improve how you manage your income and allocate it appropriately to your financial growth. In that case, you can take the budget and cash flow course, turning every dollar that comes into your hands into more optimal capital. Also, know the basic principles to start saving and look at these five techniques.

Where to Start Investing

Trading

Also known as day trading, it is the field of investments in which it is sought to generate value through speculation with the fluctuating value of shares in the short term. Platzi has an introductory course to Trading with Mario Valle that will help you understand this world better if you are thinking of investing in it.

Short- or long-term selectivity

Compared to riskier options. It means buying shares of companies reporting or is expected to report higher earnings based on their latest financial statements or others that have sustained growth over the years and are considered a safer bet but less profitable. Put these seven tips into practice so you can start investing today.

To venture into this discipline, become more suitable for this type of investment and take advantage of its benefits, we have the course on basic investment principles with Misfit.

These options are part of a healthy personal finance management habit, which is something you can learn. Look at these three tips to improve your finances.

Please get to know our finance course and become a machine for optimizing resources for the future.

I recommend that you visit our blog about taxes. I know that it will interest you, and they will help you if you enter the world of investments.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Today, most companies are aware of outsourcing and use it in their IT or HR processes. However, there are many other ways outsourcing accounting services can benefit a company (large and small). Keeping a close and accurate track of your company’s finances is where an experienced accounting firm can help.

Affordable prices, quality assurance of services, and professionalism of accountants are the company’s main advantages. Large accounting companies are ready to help businesses with bookkeeping and reporting in every major city. For example, in St. Petersburg, many companies turn to the Business Support Agency, more about which you can find on the website chpp.ru.

Outsourcing is when your company hires another company or individual outside your company to manage different business processes and activities. It happens in place of using an internal team or person. Outsourcing accounting, therefore, means hiring a service that provides a complete accounting experience. It typically includes everything from day-to-day transaction management, receivables, payroll, and taxation to financial reporting management.

Some companies also give you other company formation abroad, taxation, and legal advice. In some cases, outsourcing is subcontracting. In a broader sense, accounting outsourcing is sometimes called “business process outsourcing,” which means that an external company performs some or all the business functions. Less commonly used is the more specific term Financial and accounting outsourcing.

• Budgetary problems. Decreased cash flows force companies to make strategic choices about where to save. It also frees up limited resources to focus on core business, customer acquisition, and retention. Since accounting is not a primary process for many, you must find a service provider.
• Investment capital. Once investors start looking at your company, showing complete and accurate financial statements on paper is crucial. Providing detailed reports can encourage them to invest. It is vital to build trust with proper documentation.
• Bank financing. As your company becomes more mature and ready to grow, it may need additional funding from the bank. Same here; correct and complete financial statements are required.
• Advances in technology. With cheaper communications and improved infrastructure, operations are becoming more location-independent daily. It gives any company a more comprehensive option of business partners and expertise than ever before.

On the other hand, accounting technology is advancing simultaneously, so a company may not want to be left behind in its accounting department. Expand resources quickly, keep up with all the technological advances in accounting, and spend time and money.

• Significant growth. When sales double yearly, and a company’s cash flow increases, more resources are needed to manage revenue. To ensure that all business features are still being handled, it is easiest to outsource bookkeeping.
• It is changing the function of accounting. CFOs are under pressure to provide decision support and raise standards for compliance with laws and accounting principles. Outsourcing helps a company do this while streamlining unnecessarily complex and time-consuming processes. Accounting and finance regulations are tighter than ever. It has strict rules and laws as the authorities and the public rely on such information to make financial decisions.

Time is money, and money is time; freeing up valuable time for yourself and your employees can be the key to business success. Reducing the cost of HR hiring people is expensive. Not hiring an accountant saves on additional expenses (health insurance, paid vacation, retirement, sick days, workers’ compensation, etc.). This income can be used to hire someone who can strategically promote your business. Plus, replacing your accountant every couple of years takes time and effort.

• Large companies keep pace with advanced technologies and accounting methods. They are reducing IT costs. Creating and implementing your own is unnecessary as it is expensive and time-consuming. Trust the standardized procedures already in place; don’t explore your applications and systems.   
• Current data. There are real-time risks in business, but the best way to mitigate them is to ensure you always have up-to-date financial information. Data is processed as it appears, which can be a competitive advantage your company needs.
• Turnkey Solutions. If your business has pressing legal issues, you will save time and money by getting advice from your one-stop accounting firm. Professional accountants work closely with our legal departments, so there’s no need to rush to find help.
• Peace of mind. It can be said forever how significant a company’s growth is to ensure its people work on strategic choices and decision-making. Don’t spend much money limiting your people to something as dull as bookkeeping. Let your people develop business relationships or innovative ways to build a better product.
• Security is the foundation of running a productive business. Organizational succession and disaster recovery must be considered before the need arises.
• Fraud prevention. Unfortunately, it is more likely that a company will face internal accounting fraud than outsourcing. Internal accountants have much more access to sensitive information and can convince others to look the other way, either here or there.
• Delicate information. As discussed, in-house accountants usually have much greater access to sensitive information. This information can be about salary, disability, and personal details. When moving your company overseas, be aware that disclosure misunderstandings are not uncommon. To be safe, choose to outsource to a large international company that knows the importance of privacy

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.