Monday, October 29, 2012

Planning To Lease Your Mineral Rights? Here Are 6 Risky Issues You May Face

Mineral rights owners are often confused whether to sell or lease their ownership. Leasing seems to be pretty luring as it is assumed by many to be a steady income-generating option. But, in reality, leasing is not as simple and beneficial as it is perceived.

Below are 6 common potential risks when leasing mineral rights:

1. Unsteady Royalty Payments
A royalty payment is the compensation received by the mineral rights owner in return for giving the mining company the right to extract oil and gas from his property. Although there are different methods in calculating this payment, the most basic form would be an up-front lease bonus payment plus a royalty percentage of the value of production.

It is clear that royalty depends on the value of the production. If you are leasing the rights for the first time, the production will be substantial in the first few months. As the drilling goes on, the producing potential of the well decreases and will affect your royalty payments. Unless, you have a good producing well, leasing generally leaves you with an unsteady income. Also, there is a chance the leasing company does not intend to drill at all during the lease period leaving you with no income and tying your property up.

2. Risk of Depleting Assets
It is very difficult to predict the producing life of a well. Sometimes a newly drilled well which produces a substantial amount may suddenly stop producing and become depleted. Once it's depleted, your mineral rights become worthless. You neither receive royalties nor can you sell rights to other companies.

3. Negative Impact on Property's Value
One of the biggest drawbacks of leasing is not knowing the right terms and clauses to include in a lease. This can potentially greatly decrease your income on a property. If you sign a lease but leave in negative or operator friendly lease language you can impact the overall property value. Also in many cases, it's best not to lease to get the greatest value for your rights. In any case it's best to look into this before executing a lease. If you own severed mineral rights, many times the surface owner can be a big messy problem to deal with. Many clauses that deal with surface ownership should be taken very seriously and left to those that know it best.

4. Complicated Legal Procedures
Once two parties agree on the mineral rights lease, both parties have to sign an agreement which is generally prepared and drafted by the leasing company. All legal procedures and documentation with regard to leasing is complicated and can lead to disputes and disagreements during the extraction and production. If you disagree with any of the operations after the drilling commences, as per the agreement, you will be bound by the lease that was executed in in most cases cannot stop the operator from drilling.

5. Heavy Tax Burdens
While most income from a mineral rights sale is taxed at 15% (Capital Gains), the income from royalty and bonus payments from a lease payment is charged for ordinary income rates which can be very high! (Check with your tax professional). It is usually very beneficial to sell the mineral rights over leasing them due to the much lower potential tax rate of the income and sale.

6. Accounting Hassles
Receiving a royalty payment may seem exciting, but the accounting and records maintenance is a challenging task. One has to monitor the drilling process, payment process and pending payments. In addition and more importantly, in order to check the accuracy of the accounting, professional audits will be necessary.

The only way to avoid all of the above-mentioned hassles is to sell the mineral rights. By selling your mineral rights, you will receive a lump sum cash payment that you can put to use on other investments like real estate or payment of bills or payments that are due.

Sunday, October 28, 2012

Using Student Loans to Enhance Opportunities

For those students, who are desperately searching for a way to pay for college, there are some options that are better than others. College is becoming more and more expensive, so those prospective students may run into trouble when trying to find the best solution. For these individuals, it is smart to consider student loans. Financing one's college experience with education loans, makes sense for a wide range of different reasons. In addition to paying for tuition, these loans can give individuals some breathing room, so they will not have to work during college. These loans come at solid rates, making them even more attractive.

The Freedom to Study
One of the most important things that a student can do in college, is focus. School has to be the most important thing in a student's life, and those who do not work tend to get better grades. The nice thing about an education loan is that it can provide the freedom to focus. Instead of having to take a second job, a student will have a chance to volunteer, get involved in clubs, and do well in the classroom. This is a smart investment for students who ultimately want to succeed in their careers.

Education Loans Cover School-Related Expenses
Ask any college graduate, and they will say the same thing. They will acknowledge that there are many instances where unexpected expenses pop up. Whether it is a new computer, or some kind of vehicle repair, there are costs that must be accounted for. An education loan can take care of the cost of books, a new computer, or some other technology that will make college a bit easier. Going to school is tough, and it becomes even tougher for students who are disadvantaged. A smart college attendee will take full advantage of the available resources.

Loans for Public or Private Schools
Many people would love to attend a private university, but they do not have the money to make it happen. These people might end up choosing a less expensive state school, as a result of this lack of cash. Though the state college might be a good one in its own right, individuals should have the ability to pay for college when they get in. For those who might need a bit more to pay for college, an education loan will make private universities a real option. This can open up employment possibilities, and lead to a much better college experience on the whole. If the option is on the table, money should not be the limiting factor.

Wednesday, October 24, 2012

First Step for Millionaires in the Making

There are roughly 9.5 million millionaires in the world, and it's more than likely 99.9 percent of them didn't get rich on their own.

According to the latest World Wealth Report released in June by Merrill Lynch & Co., the amount of worldwide millionaires jumped from 8.7 million due to a powerful global economy. The combined wealth of the world's richest is equal to .2 trillion, an 11 percent increase from 2005.

Expansion and emerging economies has played a tremendous role in the creation of wealth. The ranks are swelling in the United States and abroad, but the one truism about becoming a millionaire, whether it's in Europe, Asia or the U.S., is that you can't get their on your own.

My new book, How Come That Idiot's Rich and I'm Not, covers several topics, including how the rich attain their financial status through the help of others, which I call O.P. Power.

Some of the world's most successful individuals Donald Trump, Bill Gates and Andrew Carnegie didn't become a success on their own. They harnessed the power of other people, tapping into teamwork and surrounding themselves with those who had a common vision. If you attempt to do everything yourself, you will fail.

The study from Merrill Lynch predicts that by 2011, wealth among the world's rich is expected to eclipse trillion, rising at an average yearly rate of 6.8 percent. Nearly all of those who have and will become wealthy have assembled a dream team of individuals who represent both the power of the new entrepreneur and the seasoned professional.

After you've created the idea for getting rich, the first priority is to surround yourself with the people who can make that happen. Using their experience, their ideas, their time and their money is paramount to achieving success. You can have the vision on your own, but you're going to need to assemble a great team to realize that vision.

Monday, October 22, 2012

Is it Possible to Cheat with ExamSoft?

Exam takers often wonder whether exam security systems can be breached. As a provider of such a system, ExamSoft implements both cheating prevention and post-exam cheating detection systems. While it is impossible to know how many instances of potential cheating have been prevented, our staff and systems have been responsible for helping our clients identify or confirm cases of illicit behavior after the fact. This role is not always popular. In particular, we are often asked why we use techniques to "lock-down" laptops and prevent access to outside tools or applications. We use such techniques specifically because we are trying to help exam takers, including students and professionals.
Moving an exam from a pen-and-paper format to a computer-based format seems very natural, particularly in today's technology-centric world. However, it is fraught with challenges for administrators. ExamSoft seeks to give exam takers the benefits that come with technology, while satisfying the needs and concerns of the test administrators.

ExamSoft provides the opportunity for exam takers to leverage their own laptops and/or institutional computer labs (depending on the institutional client's choice) to take their exams. The idea is to give exam takers one or more of the following opportunities:

To type their essay answers rather than write them by hand; depending on the specific exam, this might come with certain computer-based tools such as cut-paste or spell-check
To receive score results more quickly than is typically possible with bubble-sheet or blue-book systems
To receive detailed, personalized exam performance feedback, to guide future study or personal development efforts (i.e. get personal emails)
To have their digital answer files regularly backed up during the test, to mitigate risks of potential data loss
To have exam questions that are evaluated/measured for validity and fairness
To test in a location that is as convenient as possible (as opposed to a remote, locked down testing center, for example)
To go green

The student or exam taker preferences often pose challenges for schools and other institutions. Exam administrators want to provide exams that are fair and valid. This means that they need to remain vigilant to prevent security breaches and find security vulnerabilities. It is a continual effort since there are always a small, but impactful number of people looking for ways to cheat or exploit any security system. Unfortunately, this means that the actions or potential actions of a few, impact the experiences of the many who simply want to study for and perform as well as they can, honestly, on their exams. ExamSoft's staff comes to work every day, trying to find ways to improve the experience for all exam takers, while also trying to stop the small number of cheaters from impacting the whole bunch.

If you ever encounter anything that might help us improve the user experience or security level, for the benefit of all exam takers, please let us know. We really want to help and we work to improve each day. We can be reached at or 954-429-8889.

Saturday, October 20, 2012

Chinese Negotiation Style - Meetings

When negotiating with the Chinese, it is important to understand that they are going to be conduct business in a way that is comfortable to them, which is the Chinese way.

Business etiquette in China is different than in the West, the idea of face and harmony are important concepts to the Chinese. The means that public telling people they are wrong, or that you disagree with them is something you should try and avoid.

How does this affect how they view business meetings and the Chinese negotiation style?

When the Chinese have a business meeting, they often don't expect there to be a resolution to issues during the meeting. To come to a resolution might mean having to tell someone that they are wrong and therefore cause them to lose face. Loosing face is a big insult to many Chinese.

Instead of making major decisions during a group meeting, the Chinese will often meet afterwards in smaller groups of 2-4 people and come to a resolution in the post meeting get togethers. This is perfectly acceptable to the Chinese because it helps them maintain harmony and nobody loses face.

Remember this does not bother them because it is part of the Chinese cultural customs and Chinese business etiquette.

Just realize that you may encounter this as part of the Chinese negotiating style and it will help you be more successful when conducting business in China.

If you find this information helpful and you would like to find out 3 more habits about conducting business in China than just go to our website.

Tuesday, October 16, 2012

After Hard Times A Bankruptcy Car Loan Can Be Your Best Ally

After hard times, a bankruptcy car loan can be your best ally. The quickest way to rebuild your credit score is by committing to an auto loan and making the payments in a responsible way.

A bankruptcy car loan can be the key factor in that fresh new start toward rebuilding your credit. In this article we will talk about the best way to use a car loan after bankruptcy as an answer to establishing your new financial future.

Use the Internet to find local auto dealers or an auto consultant, if you don't know of any, who will offer you special financing for a bankruptcy car loan. Not all dealers offer this service.

Visit a couple of these special financing dealerships and determine if it feels like a good fit for you. By asking a few questions you will get a feel of the type of people you will be working with. You want to work with someone who listens to you and helps you meet your needs and wants.

One source that most people don't think about for special financing is to look for an auto consultant that offers these services. Usually an auto consultant (not an auto salesman) is more willing to work with you and will listen to you instead of just trying to sell you a car today.

Bankruptcy can be emotionally tough on anyone. The dealership should treat you will compassion and understanding. They should appear eager and willing to help you just as they would help someone with a perfect credit score. Finding a special financing dealership that treats you with dignity will help give you peace of mind that they will get you the best deal possible.

Next, decide on a used car that suits your family's needs. Look for a car that has lower mileage and has been safety inspected and has a good history report. Take the car for a drive and see how it feels to you.

Before signing on the dotted line you want to make sure you can make the monthly payments easily each month. Take a look at your monthly income and be sure you have enough money every month for the payment, insurance and maintenance on the car.

Once you are confident that the bankruptcy car loan will work with the rest of your monthly bills, you are ready to sign the papers and move forward with your purchase.

As you drive your new used car off the parking lot know that getting a bankruptcy car loan is the greatest step you can take to rebuilding your financial future. Be sure and make all your payments on time, as this is one of the quickest ways to help rebuild your credit.

Saturday, October 13, 2012

John Locke's Enlightenment Influence On The U S Constitution

The social contract theory of John Locke provided the philosophy and source of governing authority for both U.S. Constitution and the Declaration of Independence. Jefferson borrowed freely from Locke's phraseology.

John Locke laid out the social contract in the 5th paragraph of the chapter entitled "Of the Beginning of Political Societies" in his "Second Treatise on Government". There he states that the will of the majority is the only source of authority for civil government. God and His law are ignored.

"And thus that which begins and actually constitutes any political society is nothing but the consent of any number of freemen capable of a majority to unitethis is that, AND THAT ONLY, which did or could give beginning to any lawful government" [John Locke, Second Treatise of Government (New York, NY: The Liberal Arts Press, 1952), p. 56]. This is the heart of democratic social theory -- note the conspicuous exclusion of God and the ruling authority of His Word.

Under the Lockean model the people contract with one another to ordain a civil government. God and His law are not Party to the Contract. The Preamble of the U.S. Constitution clearly adopts this model: "We the people of the United States . . . do ordain this constitution for ourselves and our posterity." God is snubbed, and Article VI, Section 3 forbids requiring an officeholder to swear allegiance to God.

The Bible contradicts Locke's ascription of power to the majority. Romans 13:4 states that "there is no power but of God. The powers that be are ordained of God."

Locke's factionalized, pluralistic society is doomed to rip itself apart. God judges the society that fails to acknowledge the supremacy of Christ. Anarchy ensues.

Without the living and true God and His law there can be no justice. But contrary to popular Christian opinion, the founding fathers never appealed to the Bible. There is only one substantive reference to Scripture in the four-volume set of notes compiled from the Constitutional Convention.

The Federalist Papers, written in defense of the Constitution, make no reference to the Bible. Having spurned God's law, the founders were forced to employ Social Contract of John Locke and so-called natural law.

When Adam fell, he was expelled into a darkened world that fell with him. Man's fallen mind cannot correctly interpret the fallen creation. "For the creature [creation] was made subject to vanity, not willingly, but by reason of him who hath subjected the same in hope" (Rom. 8:20). Looking for justice in the "law of nature or "natural law" is an exercise in futility in a fallen world.

The Founding Fathers opened the door for their posterity to arbitrarily reinterpret the vague social contract articulated by John Locke. As our current desperate plight indicates, the Constitution cannot shield us from social, economic, and political devolution.

For More Information

Friday, October 12, 2012

Collection Services - Top Strategies To Reduce Bad Debt And Contain Delinquencies

Many businesses extend credit to customers to drive sales and improve customer relationships. Though this strategy is successful in getting more business and retaining existing customers, it also creates the problem of bad debts. Bad debts are the receivables that have not been collected. Bad debts show unfavourably on a business account and severely affect the valuable cash flows.

Recovering bad debts is not an easy or pleasant task, and it is advisable for businesses to take measures to avoid or at least minimize bad debt. This can be done by having a credit management system in place. Credit management strategies may include:

* clearly stating terms and conditions in the credit contract
* ensuring all credit transactions are documented and signed
* maintaining records accurately
* keeping track of due and overdue payments
* checking the credit rating of debtors before extending credit
* checking the credit rating of the debtor on a regular basis after giving credit
* collecting a deposit from the customer before delivering goods or services
* collecting portions of the payment as a project progresses
* reminding customers of payments through phone, letters or visits

In spite of having an efficient credit management strategy, it is still possible to incur bad debts. All businesses will have some percentage of customers who delay payments or even avoid them. Businesses have many options to deal with delinquent customers. Some of these are discussed below.

Consultation

Businesses can try to recover bad debt from customers through consultation. The consultation can bring about an agreement between the creditor and debtor regarding the payment. In case of any disputes over the debt, the Community Justice Center can be called upon to intervene and resolve the issue.

Demand letter

A demand letter can be sent to the company or individual in debt, if the consultation does not give satisfactory results. A demand letter must clearly state the details of the debt, along with the total amount of debt involved and the date by which the debt must be settled. The demand letter can also include a warning of legal action in case the debt is not paid by the specified date.

Statutory letter

The credit company may choose to send a statutory letter instead of a demand letter. A statutory letter will also give details of the debt, total amount of debt and expected date of debt settlement. Statutory letters are sent out like court documents and hold greater clout than demand letters. The statutory letter warns the debtors of legal action, within 21 days of the specified date, if they fail to make the payment.

Litigation

A business may have to file a lawsuit against the debtor to recover the debt. All other debt recovery strategies, within legal boundaries, must be tried before reaching this stage. Litigation is always the last option. Taking legal action is a time-consuming and costly business. It is advisable to get some idea of the potential cost involved before proceeding with the litigation.

Bad debts are an unavoidable side effect of extending credit. Though there are many avenues to collect debts, they are by no means easy and can cost the business a good amount of time and money. Therefore, it is better to develop an effective credit management strategy to minimize bad debts. Also, consider a partnership with a good collection agency that can take over the task of collection if your in-house resources and expertise is inadequate to resolve the situation.

Monday, October 8, 2012

Financial Analyst Resume

Financial analyst resume in format and presentation is nothing different from any other resume. Scroll down to know more about this resume.

In the rat race to excel in the professional field these days, aspiring professionals do not leave a single stone unturned. One of the umpteen ways in which aspiring and ambitious candidates try and woo the employers is through the resumes. A well-crafted resume not only speaks volumes of your personality on the whole, but also portrays your strengths effectively. That is the crux of a resume, be it an architect, a marketing manager or a financial analyst. Talking of financial analyst, it is one of the hot jobs up for grabs in the career market. Why not then take a look at what a financial analyst resume writing is all about? Coming up is the text on the same!

What Does a Financial Analyst Do?
A financial analyst, simply put does an assessment and scrutiny of the profitability and stability of a business, or a project or even a sub business. This analysis can be done for inhouse clients or external clients by the financial analyst. 'Sell-side' analyst job is all about writing reports and notes giving opinions, while 'buy-side' does not need this. Financial analysts see the big picture and help a great deal in financial management.

Financial Analyst Resume Summary
The fact that you need to give your financial analyst skill sets, strengths and qualification and experience at a glance before the actual resume starts does not need to be told. It is absolutely inevitable. So if you are a financial analyst, with a good enough experience, may be you can write (if you have the qualifications) - Chief financial officer with 12 years of corporate accounting and management experience. Have an expertise in accounting systems development, financial reporting and fiscal management. Have developed and implemented financial and operational control which can improve Profit & Loss account. This has to be proved by record. Along with the resume attach the requisite documents.

Financial Analyst Resume Objective
The resume objective and the purpose may differ from one individual to another. But on the whole a financial analyst resume objective has to reflect clearly your career and professional aims and aspirations. For instance, the objective can be something like - To obtain a responsible and challenging position with a growing company where my work experience will be duly applied and appreciated, utilization of my opportunity for advancement will also be achieved. These two aspects are very very crucial, be it a financial analyst resume or even otherwise. These things may undergo a bit of change and will be altered in case it is, let us say a senior financial analyst resume. A senior financial analyst's resume will look pretty heavy duty, with a detailed description of job profile - reports handled, financial statements reviewed, contribution in financial planning and so on and a summary which will not be so short! On the other hand entry level financial analyst resume will have lesser job experience and less of things or rather achievements and major objectives to talk about.

Financial Analyst Resume Templates
The above factors are isolated now, let us take a look at what a financial analyst resume will need to have. In short what is included in a financial analyst resume template. These things are -
1. Contact information with full name, campus and permanent address, telephone numbers and email.
2. Career objective
3. Summary of qualifications and experience
4. Area of expertise
5. Achievements and accomplishments
6. Educational qualification and background
A financial analyst needs to have graduate level training in finance such as MSF or MBA degrees, or they are qualified accountants (that is CMA,CCA, ACCA, CGA or CA designation). Experience in the industry is most of the times preferred and that has a major impact on financial analyst salary.

This was about financial analyst resume or if you want to give it a more sophisticated, designation, you can say financial business analyst resume! At the end of the day it is all about your work experience and the career objective! All the best! I sign off here!