Financial Planning the Right Way: Mapping Your Future With a Professional Financial Advisor

Anyone can write a financial plan, or at least it looks that way. You can consult your banker, go to a brokerage firm, or hire someone who calls himself or herself a financial planner to prepare a plan for you. Financial planning simply is not that complicated, right?

Let's consider what's included in a comprehensive financial plan. There's a section on what happens if you died today. Will estate taxes be due? Does your estate have enough liquidity? Another section outlines what happens if you become disabled or need long-term care. Have you saved enough for retirement? And how will you pay for your kids 'or grandkids' college education? What about charitable giving, income tax savings, and investment allocation?

The first place to start is selecting the right person to develop a financial plan. Find someone with a fiduciary responsibility such as a Certified Financial Planner ™.

It is important to seek out someone who will listen to your objectives and design a plan to meet your goals. Be sure the person you choose to draft your initial financial plan is familiar with how the planning you do in one area affects exit in another. For example, what you do in the area of ​​investment planning can affect your tax planning. What you do to provide for asset protection can affect your estate planning, and so forth.

A sound financial plan should also address how you are expected to have when placed in a variety of scenarios. The only certainty in life is that the unexpected will always happen. When placed in an unexpected situation, most people will tend to make major decisions based on emotion, and then try to rationalize them, underlining their long-term planning. Therefore, a solid financial plan should be flexible enough to accommodate the unexpected. This is especially true in the investment-planning arena. It is important to have a written investment policy statement to help protect your portfolio from unplanned and impulsive revisions of sound long-term policy. Especially in times of market turmoil, investors without an investment policy statement are inclined to make investment decisions that are inconsistent with prudent investment management principles – and their best interest. Your investment policy provides an agreed-upon and well-thought-out framework from which sound investment decisions will be made.

Many people believe the process ends once the plan is written. But good financial planning means regularly monitoring and adapting strategies to ensure you're meeting your goals. Remember, you're not just trying to create an end product that will not ever need to change. You're developing a map that will help guide you toward financial stability. And regular comparisons of where you planned to be in the future with where you actually end up can generate important discussions about why you ended up where you are. Are you ahead of plan because your investment portfolio did better than expected, were taxes lower than expected, or maybe you spent less than expected? The reason you end up at a particular place is important to understand because that determinates what types of adjustments might be needed for your plan A financial plan that's developed with the help of a professional financial planner could be the right map to help you reach your financial destination.

Many people can help you prepare a financial plan, but the most successful plans are crafted by professional planners which allegiance is to you, the client. Professional planners have the credentials and understanding to know how the different areas of financial planning affect one another so they can help determine what is right for you. And professional financial planners will follow up with you after the plan is in place to assist in analyzing deviations from the plan in order to make competent adjustments to steer you away from failure.

Do You Need a Good Domain Name to Make Big Money?

Domain names may be somewhat important to the survival and the success of your website, but they will not automatically make you a success. They are actually a very small part of your success in the grand scheme of things, so do not buy into the idea that a good domain name will translate to big money. For one, there is only one way that the domain itself can earn anything without help from other areas of the business, and that way is by securing a name catchy enough and in high enough demand to coax a big offer from a company with deep pockets . But major companies have started to change the way that they do Internet business. They have become more practical, and have even been known to develop marketing platforms that will incorporate a new original domain name to get around having to pay you anything at all.

No, the best option, if you are an Internet entrepreneur, is to spend less time on what you are going to name your site, and more time on how you will conduct your business. There are many ways to do business, but in the online world, the key to success is mercifully simple. It's the content, stupid. How will you get a large audience if you do not have a quality piece of content to draw in the masses and get them talking to their friends and family. You need devoted visitors, who are willing to do the hard work for you. The way to get them is to be enthusiastic about what it is that you are about. And the only way to be enthusiast is to be passionate.

You can not fake passion. The reason you can not that that your audience has the passion, and they will be able to tell if you do not. So make sure you do not go into any business situation that you do not feel strongly about. It will be more difficult developing content – and more costing developing good content because you'll have to pay someone, who is passionate to spearhead your platform, and that will not come cheap if you want quality.

As you venture into the online world, you are going to hear a lot of business advice, both good and bad. The one thing you should know ahead of time is that throwing a lot of money after a domain name is a waste of time and resources. Instead of burning so many calories over that aspect of the business, focus your efforts on having a great site that people in your area of ​​interest will want to visit. Something they will choose to go to bat for with the people around them.

Software Development Life Cycle – Introduction Model Stages and Advantages

What is the Software Development Life Cycle (SDLC)?

SDLC or Software Development Life Cycle is essentially the process or phases of a model or methodology, which software engineers and developers follow in developing an application or software. In simpler words, it is a process consisting of a series of planned activities for planning, creating, testing, deploying and maintenance of software.

SDLC is often referred as software development process, as it consists of all tasks, which needs to be followed while developing an application or software. SDLC is followed within IT development companies to develop, alter, replace or enhance the performance of the software. ISO/IEC 12207 is an international standard for SDLC, which ensures high quality of the newly developed software. It also helps IT development companies in improving the overall quality of their software development services.

What are the major SDLC Models, followed in the IT Industry?

There are various SDLS models, which are currently followed in the IT Industry. Often referred as ‘Software Development Process Models’, all the process models follow unique software development steps, ensuring 100% success of the development projects.

The major software development life cycle models are-

  • Waterfall Model
  • Iterative Model
  • Spiral Model
  • V-Model
  • Big Bang Model

Other related models are Rapid Application Development (RAD), Prototype and Agile Models.

The advantages of choosing an appropriate Software Development Life Cycle (SDLC)-

  • Increased Product Quality
  • Increased Development Speed
  • Improved Client Relations
  • Improved Tracking & Control
  • Decreased Project Risks
  • Decreased Project Management Overhead

What are the different stages of SDLC?

Stage 1:

Planning and Requirement Analysis

This is the most important stage in the SDLC. This stage needs input from the customers, sales team, industry experts, a marketing team and their survey reports. After which, senior business managers and developers of a software development company plan the project approach and the development model.

Stage 2:

Designing

After the analysis of requirements and finalizing the Design Document Specification (DDS), the product architecture is designed by an expert team. This architecture has to stand upon various parameters such as budget, time, product robustness, risk assessment and design modularity, after which it is considered for the development.

Stage 3:

Development

The actual development of the software or application starts at this stage. The team of engineers and developers follow the coding guidelines set by the organization and use different tools for code generation. The programming code is generated as per the details documented in the DDS. The developers use different high level programming languages as per the requirement.

Stage 4:

Testing

In this stage, the final product goes through a pre-defined road of testing, where defects or bugs in the product are reported and then fixed by the developers. This stage ensures that the final product meets the highest quality standards, which are accepted worldwide.

Stage 5:

Deployment

At this stage, the final product is deployed at the client base. At times, the software is integrated with the client’s current application and database. All the deployment and integration works are done under the guidance of expert software engineers and developers.

Stage 6:

Maintenance & Support

Most of the reputed IT development companies also provide complete maintenance and technical support, post deployment of the final product at client base.

Overseas Auto Transportation Can Be Made Easy

Moving overseas is certainly quite a bit more complicated than moving to another city. Unless you are going to sell your car and buy a new one at your destination, you are going to have to employ a car shipping service. Many people are unsure if it is worthwhile to have their car transported when staying overseas for a while.

Understandably, it looks like a complicated process. However, with the help of a full service auto transport service, the process is fairly simple and stress-free. If you've never shipped a car overseas before, this article will provide an overview about your car's upcoming journey.

Types of Overseas Transports

The first leg of your car's journey is the trip from your home to the port. If the port is close you can drive it yourself. If it is farther away, you will probably have the auto transport company that part of the journey as well.

Once your car arrives at the dock it will be shipped one of three ways: RORO (Roll On Roll Off), in a 20-foot container, or in a 40-foot container.

Roll On Roll Off is commonly used for short trips. For example, it is the most common way that cars are shipped to Hawaii or Puerto Rico. The ship is basically a large car ferry. Your vehicle is driven aboard and parked along with many other vehicles. Upon arrival, it is driven out onto the dock. RORO service is usually cheaper than container shipping. However it is also less safe and your vehicle is more likely to be damaged. This shipping method covers the car itself. There is no provision for shipping any personal belongings.

A 20-foot shipping container is a safer method of auto transport. The car is loaded into a standard shipping container, so so it does not move during the trip, then the container is brought aboard the ship. Most of the time these smaller containers will fit only the car itself. If there is room in the container some shippers will allow you to ship personal belongings as well.

The best solution for shipping both your vehicle and household items is a 40-foot shipping container. The other items are loaded in first then a wooden bulkhead is placed in the container to separate these items from the car. The vehicle is driven into the container and secured as above. This shipping method is safer for both the car and your other belongings but is likely to be the most expensive shipping method.

Other Details of Overseas Auto Transport

Overseas transport is going to be more expensive than typical ground car shipping. Shipping will incur port fees at the destination. If shipping to another country, you will have to pay that country's tariffs. Finally, your insurance will almost certainly not cover your vehicle during the trip. You will need to purchase maritime insurance which generally costs 1% -3% of the price of the vehicle.

International shipping has stricter documentation requirements. You will need the original title to the vehicle and may need other documentation depending on the destination. An experienced international auto transport company will be able to help you with the details so that you can get everything prepared before your move.