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Cons and Pros of Private-Mortgage Loans

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Private money loans are also known as hard money and it comes from private lending companies who offer loans to home buyers to buy a specific asset. Generally, home buyers often find these lenders by engaging a real estate investment club in their area. These loans are often secured by home investors. But unfortunately not every home-owner will be successful getting fund from a private lender. Here are the major pros and cons of private mortgage loans.

This loan could be a great option for home buyers who are not able to qualify for a traditional mortgage because of less than exact credit, debt or for self-employed people who can’t always offer proof of a stable income. A debtor should remember that a person with a poor credit record can get a hard money loan if the project shows the profit.

Personal loans are not paid back over 30 years like a traditional loan. A huge big number of private lenders expect the loan to be repaid within a very short time like as six to twelve months. Lenders are often looking for a very quick return for their money, and they generally are not set up to offer a loan for several years the way a typical mortgage company is. Homes that need extra renovations generally can’t get qualifies for conventional mortgages, no matter how better a borrower’s credit score is. In those cases, private money can play a very important role. A non-traditional lender can step in and offer to finance to get the house in sell-able condition, then flip the house.

One major drawback of personal mortgage loans is interest rates. The rates of interest are much higher with a private money lending than with a conventional loan. Even, sometimes mortgage rates are more than double, often 12 to 20 percent per year. Basically, mortgage rates are very high because private lenders don’t need exact credit. Fund from private lenders are generally secured by the property in question, so it is usually not very important to the lender if the debtor has good credit or not.

If you own a house that you believe is a candidate for a personal loan, the approval procedure often takes just a couple of weeks, as opposed, it takes 30 to 45 days for a conventional loan. For many borrowers, qualifying a loan than fast is a very good trade-off for higher interest rates. Generally, private money lenders don’t need a long drawn-out loan process like a conventional mortgage does.

If you have a house and you want to rehab it, as well as you feel that you could make it better enough to boost its worth in a short time that would allow you to pay off a personal loan and replace it with a conventional sale, then applying for a private loan is a viable option. As long as you understand the caveats and complete your research, there has a possibility to successfully secure a property without a conventional loan.

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High Potential in Kimberley Mine Dumps

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History of the Kimberley Diamond Fields

South Africa’s first diamond was found in 1866 in the Northern Province, along the Orange River banks. Following the discovery of the diamond, there was a extensive diamond rush, with thousands of hopeful prospectors flooding the area in search of alluvial diamonds along the river’s banks as well as by the banks of the nearby Vaal River.

Within a few years, several large diamonds were found, among them one located on a farm called Jagersfontein, which later became a famous diamond mine. After a number of discoveries, the area became known as Beaconsfield, which is today a suburb of Kimberley. One year after the discovery of the Jagersfontein diamond, the Kimberley and De Beers pipes were discovered nearby Bultfontein, and similar discoveries were made at farms such as Benaauwheidsfontein, Dorstfontein and Vooruitzicht. A fifth was found 20 years later, known as the Wesselton pipe.

While the pipes were initially worked by individuals, as the depth of the digging increased a more effective solution became necessary. In 1888 the De Beers Consolidated Mines came into being, under ownership of Cecil John Rhodes, a combination of the Kimberley and De Beers Mines.

In 1897, the rights to dig the Kimberley Mines were bought by a new company – Kimberley Mining Limited (KML). They mined until 1914, using a method known as opencast pit mining. This continued until World War I, in 1914. After the war ended in 1918, the mine was simply maintained for the next 8 years. At that point De Beers Consolidated took charge, but other than a few samplings of the mine’s contents, once in the 1950s and again in the 1980s, the mine has lain dormant. In 2002, the New Diamond Corporation (NDC) took control, but without funding the dumps and the mine became available. Today the Meepo Investment Consortium, part of the New African mining operations, has the rights to both the Caravan Park Dumps and the Kamfersdam Dumps of the Kimberley mines.

Town of Kimberley

Kimberley itself was established in 1871 following the diamond discoveries, and the town’s growth was largely as a result of the various mines built in the surrounding area. The town is named after kimberlite rocks – geologic volcanic rock formations that occur in vertical pipes, and which contain diamonds. Over time, the formations erode and the diamonds are carried downstream by rivers and streams to collect in alluvial diamond deposits. Not all kimberlites contain diamonds, and of those found not all are of sufficient quality or quantity to attract interest. However the alluvial diamonds found are usually of higher quality than those found inside the kimberlite pipes – because by the time the alluvial diamonds are discovered in their riverbed locations, low quality stones have been destroyed by the river’s current and only high quality stones remain.

One of the world’s premier areas for diamond mining, the Kimberley area is known today globally by members of the industry. It is nearly 500 km from Johannesburg and nearly 1,000 km from Cape Town.

Abandoned Mine Dumps

Today, in the area surrounding Kimberley there are a number of abandoned mine dumps that may have economic potential. Three of those dumps are: The Caravan Park dumps, the Kamfersdam dumps and the Eddie Williams Oval dumps. The Kimberley Municipality owns the mining rights to these areas, which they hope to turn one day into low-cost housing. Diamond Recovery can be carried out at the plant which is secured, and has both water and electricity. There is a perfect area for disposing of tailings. Kimberley’s infrastructure means it can be easily reached by airplane, railway or other means of public transport, a great boon to mining the area.

Reliability of Reports

While surveying has been done of late, it is not easy to judge the reliability of the resultant report. Primarily, both tailings and waste material have been dumped together, making the grades somewhat unreliable and although samples were taken from certain areas, the grades in other areas not tested could be vastly different. Today’s successful diamond recoveries from the Kimberley tailing dumps could be indicative of poor techniques used initially in the diamond recovery plants of the previous century. Another possible explanation is that previously the material was ground too coarsely and the smaller stones were not released or that the poorer graded material was dumped along with the tailings. As an experienced investor in New Africa Mining, I would say that this material’s diamonds, through the processes of weathering, have been released and are turning up in great quantities, also increasing the number of diamonds being recovered.

Caravan Park dumps

West of the Kimberly Mine Museum, these dumps hold material originally mined from the Kimberley mine – one of the biggest mines that existed as the 19th century drew to a close – from 1871 until 1914. The diggers mined to an ultimate depth of 1,097 meters. The caravan park sits on top of material that is between 1 and 2 meters thick, and as it contains some 595,000 tons of tailings, graded 9 cpht, there are approximately 53,550 carats worth of total diamonds located in the grounds here, with the largest diamond recovered from this dump so far weighing in at nearly 23 carats. In 2005, the dumps were mined for a total of 187 days and 1,122 hours. A total of 74,800 tons were mined and 4,874.28 carats were recovered at an average grade of 6.7 cpht. Estimates are that some 42% of the original dump material exists, which means that there is extraordinary potential for mining and a great return on the investment it will require to bring these mines to a fully active working state.

Kamfersdam dumps

Some six kilometers north of Kimberley, the Kamfersdam dumps hold material from the Kamfersdam mine, first discovered in 1880 and mined until 1914, when World War I broke out. By that time it had been mined to 104 meters deep. The Kamfersdam tailings dumps are all situated next to the abandoned Kamfersdam Mine north of Kimberley. The historically head grade of Kamfersdam was 28 carats per 100 tons (cpht). The two tailings of this dump total 5.2 meters or 5.4 million tons of tailings, which means there are an inferred.63 million total carats at 12 cpht. If 1 million tons are mined here per year, there should be another 4 – 6 years in which to make use of this resource. Despite the 12 cpht inferred, it is actually quite difficult to ascertain the grade of the material located in this dump, though it can be used for now. It will be important to discover the actual grade, as well as the average value per diamond carat – especially if it is to be compared with the diamonds found in the Caravan Park dumps so that a true estimate of its economic value can be ascertained. Over the next 4-6 years,mining these dumps should be an extremely lucrative venture, well worth the investment and a reliable source of income and investment return.

Eddie Williams Oval dumps

Some 3 kilometers north of Kimberley, these are a number of dumps that have very few resources left inside and are not worth discussing much further, so this paper will refrain from providing any more details at this stage.

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A Short Primer To Get A Canadian Commercial Mortgage In The US

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Owning a commercial property in the United States is the dream of almost every Canadian citizen living in the USA. Many of them have no idea of how to obtain a commercial finance or mortgage. Certainly, purchasing a commercial property in the US presents its own challenges, if you are not a US citizen, rather a Canadian. As per a survey by the National Association of Realtors (NAR), more than half of the property transactions are done in cash in the US.

However, commercial mortgage lenders are willing to extend credit to Canadian citizens on attractive terms. Sometimes these lenders even provide credit to them without a credit history in the US. Getting a commercial mortgage depends on the residential status of the Canadian citizen. Canadian borrowers can be categorized into the below categories based on their residential status.

  • Non-permanent residents with a valid Work Visa (G1-G4, E1, E2, H1B, L1, H3, H2B, and H2A)
  • Permanent Residents with a Green Card (form 1-551)
  • Foreign nationals whose residence is not in the US

Paying for mortgage

If you are a Canadian citizen who wants to purchase a commercial property in the US, then be prepared to pay more for your commercial mortgage as US mortgages are compounded monthly as opposed to commercial mortgages in Canada which are computed semi-annually. In addition to this, there may also be tax deductible in the United States for its Permanent Residents. Whereas, there is no such tax deductible available for Canadian citizens interested in purchasing a commercial property in the United States by getting commercial mortgage finance.

How to apply for Canadian citizen mortgage?

Canadians can apply for a commercial loan in the US remotely via Email or phone, if they do not mind a few long distance charges. Most of the lenders and brokers strongly recommend that Canadian citizens should have a US business bank account via a ITIN (individual tax identification number) in order to facilitate the funding of finance and transfer of the down payments for the closing.

Some of the reputed lenders offer secured mortgages of up to 75% of loan-to-value (LTV) at very competitive interest rates. Canadian citizens can avail such finances in all 50 states of US. In order to attain maximum client satisfaction, such transactions are closed in 30-45 days. The closing of Canadian citizen mortgage should be done in person in the United States, preferably at the offices of the commercial loan lenders.

Documents required for processing of the mortgages?

  • Legible copy of valid Canadian passport
  • Copy of Canadian Credit History Report
  • Fully executed legible purchase and sale contract which is signed by all the parties Verification of funds or deposit
  • 3 months bank statements showing that they have enough funds for a purchase
  • Personal Financial Statement stating Assets & Liabilities
  • Professional Reference Letter from CPA & Personal Banker
  • Bio or Resume on the Sponsor outlining previous ownership and experience managing such sizable investment
  • property if more than a $1M.+ investment
  • Real Estate Schedule of Existing Real Estate Owned In The U.S or Canada
  • Copy of U.S Individual Tax Identification Number
  • Copy of Earnest Money Deposit or Escrow Letter
  • Canadian Primary Residence

The final thought

Many commercial loan brokers and mortgage lending companies in the US offer commercial loans to Canadian citizens after verifying their financial track record, residency status and work history.

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How Cisco Meraki Can Save Both An Enterprise’s Time and Money

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The whole idea behind Cisco Meraki was generated due to a peculiar problem faced by Tim Irimies, IT Manager of Saracen Mineral Holdings. The gold mining company has five mining sites spread across Western Australia that house over 200 employees and 750 contractors. Tim wanted to manage the networking needs of those sites and he had just two IT officials based in an office in Perth. The challenge was new, but it became evident that this was the need of the near future.

With the help of Cisco Meraki, Saracen was able to fulfill all his requirements with ease. Foremostly, it was easy to install; even a non-technical person could do it. It empowered the two IT officials Saracen had to monitor and troubleshoot the installation process without leaving the office in Perth. With Meraki devices in place, Saracen could now have transparency at what was happening at network devices, client devices and connections in real-time. This was not limited to a single property, but all the 5 mining sites. With the power to access remotely through Meraki Dashboard, Saracen had everything he needed.

If you analyze this particular case, with the help of Cisco Meraki, Saracen no longer needed to invest in numerous technical professionals to troubleshoot issues at all his locations. He was easily able to ensure a regular flow of information through all the sites without moving an inch. In addition, he was able to keep a track on all his network devices. He not only saved his money but also time.

In the current scenario, where time is of great essence, Cisco Meraki emerges to be a perfect solution for wireless management, networking, and switching. The best part is that it is also extremely secure, which makes it an instant favorite among the enterprises.

Some of the superior features of Cisco Meraki that cannot be overlooked are as follows:

  • Considerably lower the network management investment
  • Can be installed by any non-technical person
  • Comes with pre-configured adapter and AP settings
  • Offers an extremely reliable and unwavering network connection
  • Easily scalable to accommodate the rapid growth of wireless
  • Provides great savings on operational costs of a) Dedicated training of the staff, b) Deployment of trained officials at different locations and c) Software upgrade on separate devices periodically
  • Easy access anytime and anywhere
  • A unified view of the whole network irrespective if the diverse geographical locations of the end devices

Concluding everything, it is safe to say that Cisco Meraki is an excellent solution that can efficiently help an enterprise save their money as well as time investments.

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How to Compare Mortgage Refinance Rates – Use a Mortgage Refinance Loan Comparison Site

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You always want to compare mortgage refinance rates before choosing a particular a lender as this is truly the only method to ensure that you are being offered the best mortgage rate on the market. People refinance their mortgage for several reasons but whatever your financial goals are I can say undoubtedly that this is the best time in history to refinance your mortgage. With interest rates currently at all time lows, along with the attractive incentives from the Obama administration, it has never been so financially advantageous for homeowners to consider a mortgage refinance.

The best way to compare mortgage refinance rates is to utilize a mortgage refinance loan comparison site. These sites will let you evaluate what mortgage refinance lenders are able to offer you the best mortgage rates. They will usually have an application that you fill out online and after it is completed you are able to get instant feedback on whether or not a mortgage refinance is right for you. The best mortgage lenders will provide you a cost/benefit analysis free of charge to help you further identify whether refinancing your home is a wise financial decision.

A mortgage refinance loan comparison site basically will take the prospecting and researching part of the process of finding the best mortgage rates. It is important that you go to a comparison site that is affiliated with several mortgage lenders and not just a few. These multiple lender comparison sites make the various lenders compete over your refinance loan and therefore act as your personal broker in a sense. They are able to use leverage through a large affiliation of mortgage lenders to guarantee the consumer the best rate on the market.

When businesses compete you win. I’m sure you’ve heard this saying before but this statement is true in almost every business sector. More competition results in a better rate for the consumer. Multiple lender websites, while relatively new, have proven to consistently offer consumers the best mortgage rate on the market. Most of these sites are free to the consumer and you would be foolish not to utilize this service if you are considering refinancing your mortgage.

After you compare mortgage refinance rates through a multiple lender comparison site you will be matched up with 3-4 lenders who were able to provide the most competitive rates. I would suggest doing a little research before talking to a mortgage professional so you are able to ask them tough questions and see who you feel most comfortable dealing with.

Using a mortgage loan comparison site is the most efficient way to compare mortgage refinance rates and find a quality lender. Most of these sites are completely free to the consumer and I strongly encourage homeowners to at least consider refinancing your mortgage. There really has never been a better time in history to refinance your home and taking action now with historic low interest rates will most likely turn out to be a financially savvy decision.

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Why Consider Having Your Broken Gadgets Be Fixed Rather Than Be Replaced?

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If you have accidentally damaged your phone, it does not necessarily mean that you need to buy a new one. Screen cracked? Battery is not charging anymore? Camera and speaker stopped working? All of these issues can actually be fixed.

Experts highly advised having your broken gadgets be fixed instead of replacing them. Of course, this option is more affordable. But there are other reasons.

Why Opt For Gadget Repair Services

You will become knowledgeable – Repair will not give you control over your stuff; rather, it will connect you with it as you begin learning what makes it tick. Also, you won’t be overcharged for just a simple repair again.

E-waste can be prevented – Did you know that about 75% of broken gadgets end up in incinerators, landfills or e-waste dump sites worldwide? Gadgets being recycled are often shredded, and then sold as raw materials.

Mining and manufacturing efforts can be conserved – Mining is actually hard on earth. It can result to huge wastewater leaks. Manufacturing, on the other hand, has real human costs. If you opt to fix your old stuff, you are not actually contributing to the mining and manufacturing of new things or items.

Why Phones Get Broken

Dropping – About 29% of smartphone claims are associated with dropping phone down the stairs. Others even dropped their gadgets in parking lots, hot air balloons, sidewalks, and hardwood floors. It is for this very reason that it is very important for users to invest in cases that can withstand almost anything you can throw at it.

Liquid – These will include spilling a drink and dropping them in a toilet.

Scratching – Screen scratches are not just caused by the keys in your pocket. It is also caused by the particles of dirt and dust rubbing against the glass as you move. They can also be a result of loose items inside your handbag. Be reminded that you can have an unlimited supply of potential screen tarnishing alternatives.

Unlocking your phone – This can result to 2 things immediately. It will void your warranty as well as boost the chances of unintended damage to the software exponentially. It may even cause many of your apps to stop working. Bear in mind that if you commit any mistakes during the conversion process, you will certainly be staring at an error screen on a costly doorstop. Repairing must only be done by knowledgeable and skilled repair experts.

Children – 1 out of 4 parents reported that their phone have been damaged by their kids. With their mind boggling and creative ways, the little ones can actually destroy a lot of things. Be reminded that in the hands of a skilled child, your gadget can go from cutting edge to paperweight in an instant.

Regardless of what the reason may be for having a broken phone, it is highly recommended that you must have the experts fixed it. Look into reliable phone repair services in your area.

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Manual Credit Card Imprinters Becoming Obsolete

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Since the introduction of credit cards in the 1960’s, the cards have carried the card number, expiration date and cardholder name in embossed or raised letters on the plastic card surface.  Mechanical devices were developed and used to imprint credit card charge slips from those raised alphanumerics.  Those slips were then, for many years, deposited into the merchant’s bank account like checks to prove the transaction took place. More recently, the cards were affixed with a magnetic stripe and were swiped through electronic devices that read and transmit the card information to processing centers for verification and sale authorization. 

Electronic processing has now become so standardized that last year Visa announced they were going to phase out the embossing of card information on the card surface and future cards will be “flat”, the card information printed but only accessible magnetically with the stripe on the back.   Other card associations – MasterCard and the rest-will follow suit shortly.

Few merchants still manually take imprints of cards anymore, with the exception of merchants accepting card payments for delivery of goods or services ordered by telephone – such as a pizza restaurant, for example.  They do so to verify that the physical card has been presented to the merchant during the transaction, in order to prevent fraudulent charge backs.

In my own wallet I have an ePassporte Visa Electron card and the numbers are flat.  No imprint can be taken.

And no imprint any longer needs to be taken.  The new standard is to always swipe the card through a terminal, whether that terminal be in the store, next to or part of the cash register or point of sale system, or via use of a wireless terminal a driver carries with themselves to the customer for payment at time of delivery.

If your business takes orders by telephone or mail and you are manually keying credit card numbers into your terminal, you are costing yourself a lot of money in additional card processing fees.  Manually keyed-in transactions are processed as “non-qualified” transactions at a rate more than double your basic rate, due to risk of fraud by the card not being physically present.

The fact is, card imprints are no longer a safeguard against fraud, because any criminal can create phony credit cards and use an Addressograph machine to emboss stolen credit card numbers onto them.  Encoding a magnetic stripe on the back, however, is almost impossible to counterfeit.  The stripe contains not only the card number but other coding which, when swiped through a terminal, verifies to the bank that the actual card is present and being swiped, not manually keyed in.

What can a merchant do?

Short of purchasing some sort of portable photocopier to copy the customer’s card and perhaps I.D., the only thing to do is to catch up with 21st century technology and equip your drivers or delivery personnel with wireless credit card terminals.  The terminals may be purchased or leased from your credit card processor and they pay for themselves quickly, because now all transactions they process will be under a lower  rate, as card-present transactions.

These terminals include a printer so you can get a signed receipt from the customer after the transaction is put through and authorized, and you print a second receipt copy for the customer.  Just as if the customer had been physically in your store.

I have equipped many mobile merchants with these devices: food delivery, locksmiths, massage therapists, computer technicians, handymen, plumbers and other repair personnel – the list is growing every day as more businesses go mobile and deliver their goods and services to customers.  The terminals are also great for fairs, shows, conventions and other locales with no landline telephone access available.

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April 2008 Mortgage Licensing Update

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The April Mortgage Licensing Update includes the following updates:

o FHA Licensing Bond – Will it ever pass?

o Alaska Mortgage Licensing – July 1, 2008

o New York Mortgage Licensing – Transition to NMLS

o Surety Bond Issues – Massachusetts, District of Columbia, and New York

o HUD Exempt States – This is really interesting

FHA Licensing Bond

Congress has been working on reconciling the FHA Modernization Act for months now and although it appears every week that they are making progress, it is still very unclear whether a bond provision will be in the new law. If you are looking to do FHA loans and you don’t meet the $63,000 net worth requirement, I recommend looking into other options. There are many companies out there that will allow you the independence you desire while operating under their HUD approval.

Alaska Mortgage Licensing

Although you won’t find anything on Alaska’s website, mortgage broker and lender licensing are required by July 1, 2008. The contact is Roger Prince at (907) 269-8144. My recommendation is to contact him as soon as possible if you desire to originate in Alaska after July 1, 2008.

New York Mortgage Licensing

The transition for New York Mortgage Brokers and Bankers to the NMLS has started. Beginning April 1, 2008 you can now submit your company information into the NMLS. The deadline for transition is September 1, 2008. With the complete incompetence of the New York Banking Departments Mortgage Licensing Division, there is great concern that they will be able to handle this in a professional manner. It could turn out very bad for many companies if this does not go smoothly, but it is possible that the NMLS will eventually streamline the process of getting licensed in New York, which at this time is the most difficult state for licensing in the nation. My hope is that they clean house over there and get rid of the people that are uncooperative and rude.

Surety Bond Issues

Massachusetts, District of Columbia, and New York are becoming very difficult states to place bonds in. Hartford issued a letter that they would not be renewing any Massachusetts bonds. District of Columbia has made some changes to the way they interpret the bond increasing the liability for the carrier, and New York has been making so many claims on the bonds that no surety carrier wants to write them anymore. My recommendation to you is to contact these states if you are licensed in them and complain. They need to make some changes to their surety bonds and the way they use them or the mortgage companies in these states are going to lose their licenses or be forced to pay a lot of money to get the bonds. Let your voices be heard.

HUD Exempt States

HUD approval allows you to do FHA loans, but it also has another added benefit: HUD exemptions. About 10 years ago, you could be exempt in most states if you were approved to broker FHA loans, but slowly the states have taken away these exemptions. Here is the list of states that still have some form of exemption in their laws. Keep in mind that some of these exemptions will not apply to you and some lenders do not accept exemptions.

Alabama

Hawaii under Foreign lender exemption (some banks don’t take it though – most do)

Oklahoma if you have a FHA nationwide direct lending branch or a FHA approved branch with a lending area that includes OK.

Ohio if you only originate HUD loans.

Missouri

Indiana if you originate 25 FHA loans per year in IN as of 1/1/08 OR if you have a Full-Eagle.

Kentucky if you originate 12 FHA loans per year in KY.

Tennessee will allow you to register instead of license, which removes the $90,000 bond requirement, however, if you are already licensed, you will be required to keep the bond for 2 years after changing from licensee to registrant.

Texas as a full-eagle under the mortgage banker registration (Must have DE Underwriter on staff)

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1-375 WoW Professions Guide

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Welcome to Arcbound’s Crafting Guide! This guide is meant for either an individual or a guild that is interested in finding efficiencies while leveling multiple professions at the same time. By using the interdependencies of the different professions, you can make the process of leveling these professions less expensive and time consuming than by doing them one at a time.

You have two options when it comes to creating a set of characters. With the first option, each crafting profession is paired with the most appropriate gathering profession:

1) Mining, Jewelcrafting

2) Mining, Blacksmithing

3) Mining, Engineering

4) Skinning, Leatherworking

5) Tailoring, Enchanting

6) Herbalism, Alchemy

Or, if you are opposed to having so many characters, you could have the following arrangement:

1) Tailoring, Jewelcrafting

2) Mining, Engineering

3) Leatherworking, Skinning

4) Enchanting, Blacksmithing

5) Alchemy, Herbalism

In any case, your first step after creating your characters will be to level them up to about 10 and get them to a major city. Once in the city, train with the appropriate professions and buy any necessary gathering equipment (i.e. Mining Pick, Skinning Knife). Now that you have your gathering equipment, it’s time to get out there and gather!

Apprentice

When you first start off at level 10, it is probably best to keep leveling and gather as you go. If you need help leveling, I recommend either Joana’s Leveling Guide for Horde or Brian Kopp’s Leveling Guide for Alliance. Once you get to level 20 you should be high enough to do some gathering runs. To find mining nodes and herbs, I recommend MapWoW. Leather can be skinned from most beasts you come across, and Cloth drops from most humanoids. To find drop rates for items, you can do a search on Allakhazam. Once you’ve gathered everything you’ll need to buy any rare materials that you didn’t get or vendor items needed for the round of crafting you’re about to do. (N.B. Always be thinking about your Enchanter. Anything green or better you make that won’t sell well at the Auction House should be sent to your Enchanter for Disenchanting.)

Materials to Gather

· 264 Copper Bar

· 210 Rough Stone

· 60 Tin Bar (to make Bronze)

· 35 Light Leather

· 20 Light Hide

· 160 Linen Cloth

· 60 Peacebloom

· 60 Silverleaf

Materials to Buy

· 20 Tigerseye

· 14 Weak Flux

· 10 Wooden Stock

· 75 Coarse Thread

· 1 Copper Rod

· 1 Strange Dust

· 1 Lesser Magic Essence

· 60 Empty Vial

Jewelcrafting

1-20

Delicate Copper Wire

40 Copper Bar

(keep for Tigerseye Bands)

20-30

Rough Stone Statue

80 Rough Stone

30-50

Tigerseye Band

(buy 20 Tigerseye, send extras to Enchanter for DE)

50-75

Bronze Setting

60 Bronze Bar

(keep for Pendant of the Agate Shield)

Blacksmithing

1-25

Rough Sharpening Stone

50 Rough Stone

25-45

Rough Grinding Stone

40 Rough Stone

(keep 25 for Silver Rods)

45-75

Copper Chain Belt

120 Copper Bar

Engineering

1-40

Rough Blasting Powder

40 Rough Stone

40-50

Handful of Copper Bolt

10 Copper Bar

(keep for Rough Broom Sticks)

50-51

Arclight Spanner

6 Copper Bar

51-65

Copper Tubes

28 Copper Bar

(buy 14 Weak Flux, keep 10 Copper Tubes for Rough Broom Sticks)

65-75

Rough Broom Stick

(buy 10 Wooden Stock)

Leatherworking

1-35

Light Armor Kit

35 Light Leather

35-55

Cured Light Hide

20 Light Hide

(keep 15 for Fine Leather Tunic)

Tailoring

1-50

Bolt of Linen Cloth

160 Linen Cloth

(keep for Linen Bags and Reinforced Linen Cape)

50-70

Linen Bag

(buy 60 Coarse Thread)

70-75

Reinforced Linen Cape

(buy 15 Coarse Thread)

Enchanting

1-2

Runed Copper Rod

(buy 1 Copper Rod, 1 Strange Dust, 1 Lesser Magic Essence)

2-75

Enchant Bracer – Minor Health

(always Disenchant for experience first)

Alchemy

1-60

Minor Healing Potion

60 Peacebloom, 60 Silverleaf

(buy 60 Empty Vial, keep 50 for Lesser Healing Potions)

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6 Tips to Help You Improve Your Investment Strategy When Trading BTC

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If you want to invest in Bitcoin, make sure you consider a lot of factors. This decision should be based on solid technical evaluation and comprehensive analysis. You don’t want to risk your hard-earned money. Instead, the goal of every investor is to earn maximum return on his or her investment dollars. Let’s discuss a few tips that can help you improve your investment strategy. Read on to find out more.

1: Know the Basics

The first step is to make sure you can earn a return on your investment, which is possible only if you are familiar with the basics. At times, if you don’t fully understand the fundamentals, you may end up making the wrong decisions.

So, the terms you should know include crypto currency exchange, private keys, public keys, wallets, and digital coin, to name a few. Knowing these basic terms is important for making better investment decisions.

2: Be Consistent

Often, we take too long to make important decisions for many reasons. As a matter of fact, even experienced investors may end up making this mistake. It’s important to understand that tweaking your strategies based on the market conditions is paramount. The value of Bitcoin continues to change, which means you need to change your investment strategies from time to time.

3: Use Technology

The digital currency concept depends upon technology, which means you should be able to use the technology for your investment decision. For instance, you can try out automated bots as they help with crypto currency trading. Therefore, you don’t need to intervene a lot.

This type of tools can help you save a lot of time and effort during your decision making process. Therefore, using them is a stroke of genius.

4: Consider Exchange Charges

When it comes to opting for a crypto currency exchange, make sure you are quite selective. Actually, different exchanges have different tariff rates, which can have a great impact on your ROI. This is important if you get involved in many small trades as each transaction is charged based on the rules and regulations of the exchange. Therefore, you should ensure that you opt for the best exchange to reduce the fee.

5: Don’t Overtrade

At first, some investors tend to engage in overtrading. They do several trades per day, which is a serious mistake. You may want to avoid it, as the results can be devastating. So, you should take your time and make each trading decision after careful thinking.

6: Consider Alternatives

In some avenues, your BTC investment may prove quite productive. You may want to opt for an alternative that can minimize your risk and maximize profit. So, what you need to do is opt for an alternative that involves low risk and more profitability.

Long story short, Investing in BTC can be quite productive, especially if you follow an attentive and measured approach. So, make sure you learn the basics and compare different alternatives to make the best decision. Hope this helps.

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Consumer Credit VS Capital Credit: Exposing the Systematic Roots of Income Inequality

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There’s a BIG difference between CONSUMER CREDIT and CAPITAL CREDIT. And understanding this difference will help readers understand why American income has become so inequitably distributed, especially over the past four decades, and why the wealth gap between the few and the many, threatens to undermine American democracy.

Consumer credit on one hand, is easy to get. Fill out a few online forms and unless you have some real financial problems you’ll receive your very own, personalized, plastic credit card along with all the accompanying literature (lots of fine print) within days.

With consumer credit in hand you can buy anything from gas at the pump, to beer at the ballpark, or a college education (student loans sound familiar to anyone?). A consumer credit card company wants you to buy all kinds of things on credit (often at ridiculously high interest rates – formerly called usury), to pay later, while piling up a mountain of debt that will allow the lending institution to make you work for the rest of your days in order to pay off your debt to them.

In Contrast – Capital Credit…
On the other hand, capital credit allows you to purchase wealth producing capital assets (i.e. land, machinery, buildings, corporate stock), to pay back the loan at a reasonable rate until you own the asset outright, and are reaping the full financial benefits of owning wealth producing capital. Done right, the loan is paid back out of FUTURE EARNINGS (i.e. dividends) instead of the borrower’s own pocket.

Capital credit however, is much harder to get (try buying a house sometime) than consumer credit. Generally speaking, borrowers must be able to prove they don’t need the money (meaning they have ample collateral with which to back the loan) before the lending institution agrees to anything. The result is that most wealth producing capital assets that yield lucrative dividends to their owners are accessible ONLY to a small percentage of people – the 1% to 5% who can prove they don’t need the money.

Almost everyone else is effectively left out in the cold when it comes to accessing capital credit and owning wealth producing capital assets. This is the basic reason for the wealth gap that’s transformed America’s democracy into a 21st century American oligarchy.

Enter Kelso and Adler
Enter a gent named Louis O Kelso, who back in 1958 published a book entitled “The Capitalist Manifesto,” in which he (and co-author Mortimer Adler) suggested that every American citizen should have access to capital credit with which to purchase wealth producing capital assets at reasonable interest rates and in the process actively participate in (instead of being left out of) America’s highly productive free market economy.

Such a strategy according to Kelso and Adler, would democratize a free market economy. Such a strategy would maintain the private ownership essence of the free market while preventing the monopolistic tendencies that have historically undermined political democracy in laissez faire capitalist economies. In other words, it would save the free market from its own historical tendencies to self destruct.

By democratizing the free market (while creating lots of demand via a second “investment income” for every citizen*) and systematically reducing the malignant wealth gap, Kelso and Adler predicted an economic expansion even larger than the one that followed in the wake of Abraham Lincoln’s Homestead act of 1863 which gave every American citizen 160 acres of land (one kind of wealth producing capital asset), if they were willing to take care of it. But where land is finite, business opportunities and corporations (as well as the economic possibilities) are infinite.

Oligarchs Successfully Marginalized Kelso/Adler
The oligarchs however have successfully kept a lid on Kelso and Adler’s revolutionary ideas and to this day most of the public actually thinks there are ONLY 2 choices when it comes to economics. There is the historically right leaning, free market, laissez- faire capitalist approach of the Republicans. And there is the historically left leaning, labor union favoring approach of the Democrats.

The right pushes rugged individualism and personal responsibility while the left pushes enlightened self interest which recognizes that we’re all in this together. According to conventional wisdom, the political pendulum swings between these two poles and in the process the Kelso/Adler prescription has been effectively ignored by the “free press.”

Enter the Capital Homesteading Act
But that does not mean “ownership economics” are dead and gone. On the contrary, over the past half century thousands of employee owned companies (ESOPS) and worker owned co-ops have sprung up around the nation. When done for the right reasons (not to bail out a failing airline) these examples democratize the conventionally despotic corporate plantation.

Professor Rick Wolfe, Dr. Guy Alperovitz, and Dr. Ted Howard are unabashed, vocal proponents of worker owned co-ops based on the Spanish Mandragon model. Off shoots of this can be found in places like Cleveland, Ohio (the Evergreen Co-op) and Jackson Mississippi (championed by now deceased Mayor Chokwe Lamumba).**

And a resilient band of renegades known as the Center for Economic and Social Justice, led by Dr. Norm Kurland has developed and introduced The Capital Homestead Act which exchanges land for capital assets, and in the process gives every American citizen access to capital credit (per Adler/Kelso). The Capital Homestead Act is built on a foundation of PRIVATE OWNERSHIP which those on the right will applaud. Yet it also accounts for the fact that WE’RE ALL IN THIS TOGETHER, which those on the left will applaud. In other words the Capital Homestead Act takes the best of both sides and merges them into a 21st century idea whose time has come.

Capital Credit: an Idea Whose Time Has Come
In any case, the time has arrived for an alternative solution because the arguments on the conventional right and those on the conventional left have fallen short of the mark when it comes to empowering individual citizens, recognizing that we really are all in this together, and when it comes to democratizing a free market economy. Ownership economics is the key to the future for anyone who really wants a political democracy.

*The 2nd income is generated from distributed dividends NOT from taking a 2nd job.

** Rutgers University also offers its annual Louis O Kelso Fellowship which plants academicians around the nation with some background in this unique line of thinking.

Actually people around the world are interested in the concept of Ownership Economics as exemplified by the Global Justice Movement and through presentations by internationally renowned scholars such as Professor Stefano Zamagni.

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