Corb7 International August 28, 2019 Newsletter

International Business

Feature

Is Canceling a Credit Card a Good Idea?

Credit cards offer many advantages, including providing a measure of insurance when making purchases and enabling an individual to develop a healthy credit score through prompt payment of balances. According to a recent Gallup report, about three out of four adults in the United States have at least one credit card – many people have two or three.

While there is no magic figure for how many credit cards is the “right” number to have, those shiny plastic cards can have a significant impact on consumers’ financial well-being. People looking to reign in spending or consolidate may make the decision to close cards, but not without wondering if closing accounts is beneficial or detrimental to their financial reputations.

The experts at Credit Karma say that there is a common belief that closing a credit card account will always negatively impact one’s credit rating. But that is not always the case. Getting the facts about when it can be advantageous to close accounts or keep them open can help consumers maintain strong financial reputations.

Utilization ratio

Financial gurus at Bankrate.com say that closing credit cards can affect the percentage of consumers’ available credit, which may affect their credit ratings. Closing a particularly high-limit card will increase the percentage of used available credit when spread out across the remaining cards, also known as the utilization ratio. A higher percentage of used available credit can negative affect credit scores. Consumers who currently carry high credit card balances may be smart to keep existing lines of credit open or request increases on the credit limits of accounts they intend to keep before closing some current accounts.

Annual fees

It can be wise to close credit cards with high annual fees if the benefits of the cards are no longer proportionate to the amount spent on the fees. If cards are being held only for perks, it may be possible to find a different card that does not charge an annual fee.

Age of credit history

Discover says that if a consumer must close a credit card account, he or she should avoid closing the oldest one. The longer an account has been open, the better it is for a credit score because it establishes a long credit history. According to FICO, the length of consumers’ credit histories account for 15 percent of their credit scores.

Fraud or theft

In the event a card is stolen or used fraudulently, consumers may opt to close the account so no other purchases can be made. However, creditors also work around this by keeping accounts open and simply issuing a new card number.

If the decision is made to close a credit card, do not do so while there is an available balance; all balances should be paid off before an account is closed. It’s also unwise to close a credit card simply to remove poor payment history from one’s record. Under the Fair Credit Reporting Act, negative data such as late payments remain on a report for up to seven years after the account is closed.

Closing a credit card account has its advantages and disadvantages. Consumers should investigate the risks before closing a given account.

International Business

Business Tools

Top Reasons to Own a Swiss Trust Company!

PRIMARY USES OF A SWISS TRUST COMPANY

Switzerland has been and remains an outstanding business-friendly location. Ownership of a Trust Company here is less expensive to establish and operate than alternatives and thus the profit potential is substantially greater. The ability to provide highly specialized services to wealthy individuals further increases the overall profit potential of private trust company owners. Please be aware that marketing with a Swiss Trust Company is likely to have many restrictions. Again, as always, it is essential to seek guidance from a professional in this industry prior to engaging in ownership.

Two major aspects to be considered that pertain to profit:
1) Operating expenditures.
2) Specific services or products to offer potential clients.

Lower Expenditures, Higher Profit Margins

Profits will always be the measure of a business’s success, and as such; they should offer maximum margins. In terms of bottom line gains, nothing else can add so quickly or so substantially to its profits as a reduction in the overall cost of operations. A Swiss Trust Company offers an entrepreneur the opportunity to profit from his or her efforts and expertise with an extremely low outlay of capital. When compared to an alternative from another jurisdiction, expenditures are often at a rate of one fiftieth the required capital. Even during the initial acquisition phase, which is typically the most expensive, costs can be readily kept at a minimum.

Owning and operating a Private Trust Company can be cost efficient, flexible and uncomplicated. The entity will not have the “storefront” appearance that might normally be associated with domestic financial institutions. Gone are the marquees, lines, vaults and other retail administrative aspects, as well as, the expenses related to such items. The Private Trust Company uses clearing accounts with major international banking institutions for physical deposits and independent administrative firms for all other functions. In this manner, the owner is able to leverage time, meet fiduciary responsibilities and transact business while keeping expenditures to a minimum. As a result, the profit margin is much greater.

Services to Offer

One of the first and most important questions any entrepreneur should ask of themselves is, “What type of company do we want to be?” As previously discussed, complex financial needs of successful individuals and multinational corporations require increased specialization. To avoid the pitfalls of trying to be all things for all people, the owner should be willing to target a specific, niche market. The following provides a glance at various services to present.

Services to Wealthy Individuals

Many businesses market to the wealthy yet few truly do so in a successful manner. The key is not only to offer an important service but to be seen as different from competitors. The ability to stand out from the crowd is the difference between success and failure. Few vehicles can make your operation more unique than owning a financial entity. Services that may be found the most attractive would include:

• Precious Coin Trading & Services
• International Credit Cards
• International Brokerage Services
• Trust Services
• Arbitrage & Currency Activities
• Precious Gem Trading & Services
• Portfolio Management
• Crypto Currency Services

International Business

Business Psychology

How to Improve Your Workday Alertness!

A long workday can be both mentally and physically draining. As a result, office workers and professionals whose jobs are more physically demanding than office work may find themselves less alert at the end of the workday than at the beginning.

A loss of alertness as the workday draws to a close might be unavoidable. But professionals whose sense of alertness begins to dwindle in the thick of the workday might need to take steps to improve their alertness to protect themselves from injury and to ensure the quality of their work does not suffer.

· Avoid caffeine in the late afternoon. Some professionals rely on caffeinated beverages such as coffee or energy drinks to combat afternoon drowsiness. While that afternoon caffeine fix might provide an immediate, if temporary, jolt of energy, it might also affect a person’s energy levels the following day. A 2013 study published in the Journal of Clinical Sleep Medicine found that caffeine consumed as early as six hours before bedtime can significantly disrupt sleep. Professionals who reach for a cup of coffee in the late afternoon might get a sudden boost of energy, but their energy levels the following day might be lower due to a poor night’s sleep.

· Avoid high-fat foods at lunchtime. Foods that are high in fat should always be avoided thanks to their connection to a host of health problems. Such foods also negatively affect energy levels when consumed in the middle of the day. The University of Rochester Medical Center notes that the body digests and absorbs high-fat foods very slowly. That means workers who eat high-fat foods for lunch won’t get the afternoon energy boost that low-fat, healthy lunches will provide.

· Snack healthy. Professionals who find themselves needing a snack in the mid- to late-afternoon can sate their hunger and give themselves an energy boost by snacking healthy. Avoid snacks like potato chips that tend to be high in fat and low in nutrition. Foods that are high in fiber and/or protein can provide a longer energy boost and quell the afternoon hunger pangs at the same time. Fresh fruit and Greek yogurt fit the bill.

· Change your workout schedule. Regular exercise improves short- and long-term health while also increasing daily energy levels. Professionals who include exercise in their daily routines yet still suffer from a lack of alertness in the afternoon may need to alter their workout schedules. A 2016 study published in the Journal of Occupational and Environmental Medicine found that participants who were assigned afternoon exercise programs during work hours reported increased productivity versus those who were not assigned afternoon workouts. If working out in the afternoon is not feasible, avoid working out too late at night, as the National Institutes of Health note that exercising within two to three hours of bedtime can disrupt sleep, ultimately having a negative impact on energy levels the following day.

Lifestyle

Executive Fitness

Motivation!

This Video will motivate!  Ripped grandpa explains his theory on age and follows his own advice. Enjoy!

Lifestyle

Spirits & Cuisine

Wines to Pair with Your Favorite Foods!

Pairing wines with your favorite foods can be intimidating. Professional and amateur sommeliers might know just the bottle to pair with that sizzling steak, but weekend warriors might not be so confident. The Food Network offers the following pairing tips to people looking for the right bottle to go with some popular foods.

· Steak: Cabernet Sauvignon is a red wine that’s high in tannins. Novice wine drinkers might wonder why certain wines dye their mouth after drinking, and that’s because of tannins. Steak softens the impact of tannins because of its fat content, making this an ideal pairing.

· Spaghetti and meatballs: Italian food and wine go hand-in-hand, and Chianti is a great wine to pair with spaghetti and meatballs. Chianti has a bold flavor, and the Food Network notes it has enough acidity to stand up to all the tomatoes and meat in spaghetti and meatballs.

· Indian cuisine: Fans of Indian cuisine no doubt like spicy foods, but that doesn’t mean they wouldn’t also enjoy some temporary relief from their fiery favorites. Rieslings, which tend to be low in alcohol content, are sweet white wines that can be just the thing to complement all that spiciness. The Food Network notes that high-alcohol wines might make spicy Indian food feel even spicier, so if Riesling isn’t your ideal wine, at least opt for another wine with a low ABV.

· Salmon: Seafood fans who love salmon might like it even more if they pair it with Pinot Noir. While many types of fish are best paired with white wine and Pinot Noir is a red, this pairing actually works well because the salmon stands up to the wine’s bold flavor.

· Lamb: Red meat and red wine go great together, but different types of red meat pair better with different types of wine. Lamb and Bordeaux go great together because lamb has a gamey flavor that requires a rich, bold wine. Bordeaux fits that bill, allowing the rich, fatty lamb meat to absorb its tannins.

Lifestyle

Lifestyle & Travel

Travel Improves Your Health!

Vacations can be great ways to see the world, soak up some culture and get away from the hustle and bustle of everyday life. But traveling can have benefits that last longer than a one- or two-week vacation.

Traveling can have a positive effect on personal health and well-being, as various studies point to how travel can boost one’s state of mind and overall mood. The following are five ways that traveling can positively affect travelers’ mood and health.

1. Increases happiness: People are happiest when they have a trip coming up, according to researchers at the University of Surrey in the United Kingdom. A recent study from researchers at Cornell University confirms the findings, noting people get more happiness from anticipating a travel experience than from an object they can acquire.

2. Enhances creativity: The brain is influenced by new environments and experiences, which is the hallmark of travel. Researchers at the Columbia Business School found that travel can encourage people to embrace different ways of living and influence their outlook on life.

3. Stress relief: Travel is a great way to get away from obligations at home and at work, allowing the mind to reset without having to make decisions beyond figuring out which activities to do during the day or which foods to grab along the way. The mental wellness site Psych Central adds that vacations take people away from the places and activities that contribute to their stress levels.

4. Fosters change: Remembering pleasurable experiences from vacations when one returns home can be a positive behavioral intervention. Dr. Tamara McClintock Greenberg, a San Francisco-based clinical psychologist, says you can incorporate those feelings into daily life by recreating food or experiences at home.

5. Encourages exercise: Vacations can be full of swimming, walking, sightseeing, or participating in other fitness pursuits. According to the World Heart Federation, moderate exercise lowers risk of heart attack by 30 to 50 percent, suggesting that traveling is good for the mind and the body. Exercise also has been shown to combat depression and help reduce stress and anxiety.

Traveling can improve one’s mental health and overall well-being. Making time to take vacations is an important component of staying healthy.

Business Services

Business Acquisitions

SWISS TRUST COMPANIES FOR SALE!

A Swiss Trust Company is a Non-Banking Financial Business Model that will operate for you as a holding entity and a flagship structure adding prestige and operational authority to any venture.  This totally unique corporate structure perpetuates the legacy and tradition of the Swiss financial industry and transitions smartly into any business undertaking that you may embark on.

Swiss Trust Companies are not banks but come as close as you can get without actually being a licensed Swiss bank. Thus, many of the authorities and advantages a bank provides become available to ownership without a large capital requirement and with much lower ongoing costs. Vintage Swiss Trust Companies bestow enormous advantages upon its owner due to its history and date of incorporation, which include the opportunity for profit & asset protection.

* Free E- Book:  “The Complete Guide to Swiss Trust Company Ownership

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