5 Areas Where Interest Rates Matter!

Although, we hear, a lot of opinions, about, interest rates, and their trends, and impacts, very few people seem to understand, the significance, and importance/ relevance, of these rates, in several areas of our lives! After, many decades of involvement, in political campaigns, leadership, leadership training/ planning, real estate, financial sales and consulting, etc, I strongly believed, one benefits, by understanding, more about these, and how they affect, many things, in our lives! Whether, related to personal, organizational, and/ or, public finance/ spending, home ownership and related costs, credit – related issues, business matters, stock and bond pricing, etc, interest rates, truly, significantly, matter! With, that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, 5 of these areas, and how the cost – of – money, makes a significant difference.

1. Bond prices and interest rates: The price of a bond, generally, is inversely – related to interest rates! When these rates go down, prices, rise, and when they go up, the inverse occurs! Bonds have, what is known, as, a par – value, which is the price, paid, at the end of the term. Markets usually set these at 100, which represents $1,000 per bond, at maturity. However, during the period, the pricing can rise or fall, which impacts, liquidity – related issues!

2. Mortgage rates: For the last few years, we have been witnessing and experiencing, record – low, mortgage interest rates, which have helped the overall, real estate/ housing market, especially, in terms of, pricing increases! In most areas of this country, we are seeing, home prices, at their highest levels, ever, by a significant, dramatic amount! When this rate, is low, a home buyer is able to buy, more – house – for – his – bucks, because, his monthly payments, are so low! Consider, however, what might be the potential ramifications, and impacts, when these rates, will, inevitably, rise?

3. Consumer credit: Low costs of borrowing, help the automobile industry, in terms of consumer financing, etc! Although, not as much as other vehicles, rates on credit card debt, are lower, and there are often, shorter – term, promotions, offering deals! However, since, most of these are variable, and based, on some index, etc, what happens, when there is an increase, in this?

4. Business borrowing: Another area affected, is business cost of borrowing! Presently, they have had access, to relatively, cheap – money, which helps in reducing the costs of borrowing, overall operations, purchasing inventory, etc. But, what happens, when this, ticks – up?

5. Impacts on stock market prices: For some time, because bonds have paid so little, in terms of dividends, etc, many have considered, the stock market, the only game, in – town! In addition, many corporations, have seemed, better – off, than they probably are, and we have witnessed, a higher, ratio of prices to profits, than in the past! How long will this last? How high can it go?

Many factors impact these issues, especially: actual and/ or, perceived inflation; consumer confidence; politics/ government actions/ the Federal Reserve, etc. The more you know, and understand, hopefully, the better – prepared, you will be!

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Everything You Should Know When Buying a Phone System for Your Business

If you’re running your business, it is essential to focus on the right telephones this time. There are different things you have to consider when selecting a telephone system, and you should link up with the best telephone consultants. Several businesses need the best telephone system to ensure proper flow of communication and organization. Organizations are looking for ways they can spice up their customer service is every day.

It is hard to keep up with the latest technology, so you need to consult with the best phone system companies so you can get adequate advice. It is vital to be responsive when running a company so your customers can stay loyal to your brand. Most of the customers want the issue solved in a short time, which is why you should always focus on your customer service experience. There are different things small companies are trying to figure out, especially the type of phone system is ideal for the organization.

Most of the telephone system companies offer a variety of services; it is easy to get everything you need in one place. Having a telephone system is essential for customers will know they can reach you any time of the day, and you can assist them immediately. Before choosing a telephone system, it is essential to ask whether the company has worked with similar companies in the industry.

The telephone system company will have to do research on your customers so they can identify a system that works for your organization. It is essential to talk with the company so you can discuss the type of marketing strategies and end goals at the end of the day. Having a telephone system will save you a lot of money and time since you spend less on your marketing strategies.

It is essential to focus on the telephone system that is easy to operate and check whether you get training services from the company. Several organizations are looking for ways they can reach out to their customers 24/7, so they prefer a telephone system that will be available throughout the day. If you’re not going to be in the office on time you have to make sure you pick a phone system that is automated so customers will never lack response when they call.

You have to know whether you are considering a landline or voice-over-internet-protocol. Although several businesses are still using traditional business landlines, it is common for people to consider the VoIP phone systems since they are upgraded. The VoIP Phone system usually uses the internet to connect, and multiple companies profiled this system because it is affordable and easy-to-use.

Every phone system has different features, so it is essential to know how it will affect communication in the business. Most of the features you get from the phone systems include screening calls voicemail to text and voicemail services. You have to do your research to know the leading company in your country that provides excellent point systems. Most of the companies have a budget when purchasing a phone system, so it is important to talk to the dealer to know your options.

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