If I start with $738 and from this earn $1,192 is this 75% or 150% profit? How do I get to the answer? Thanks.
Answers: 161%
don't you divide the profit by what you started with?
So if I read your question right you started with $738 and ended with the $738 plus a profit of $1192 or a total of $1930. Is this assumption correct? If it is than I think you did well and your return on the initial $738 investment was 161%.
If this isn't correct and you ended with a gross total of 1192 that the gentleman above is correct with 61%.
738x + 738 = 1192
738x = 1192 - 738
738x = 454
x = 454 / 738
x = .6151761
x = 61.51761%
It works out to be just over 61.5% profit - $454 being the actual profit obviously.
If you earn $1192 on top of your original $738 (ending with $1930), than it is 161% profit.
1192 / 738= 1.61 or 161%
If you start with $738 and end with $1192 total, then it is 61% profit. (1192-738) / 738= 61%
Can someone let somebody know me what exactly Primerica is?
I'm not sure if I'm spelling it right. Its some type of a financial services company. A friend of ours is a consultant and he is coming over with his trainer to have a chat to us about abiding money, paying off debt, and things of that character. My husband is sure its something that if you decide to do, it costs money.Can anyone afford me a little info around this?
Answers: Primerica is a finanicial institution. In fact I use to work for them. Most of the erudition that I have in the region of finances and money is because of that organization. But Keep surrounded by mind I don't work for them anymore. Essentially they want to sell you residence life insurance if you own whole life span insurance. Then take the difference and invest it. That is their primary focus. They own many other financial programs, similar to their SMART home loans. And Roth IRA programs.
Here is what I like give or take a few Primerica:
The products they offer are truly good products. If you in reality sit down and listen to the people at hand the products they have are angelic.
What I don't like is they try to provide these products to you reguardless of your personal situation (because that is how you find paid). So when I was in attendance, knowing financially what I know, I didn't feel it be right to try to push off products that weren't neccessarily right for the individual. Plus and this is the biggest. The populace who work for primerica are not different than you or I, they aren't degreed in finances so its not close to they recieved formal training for what they do. All of their knowledge is on the errand training.
That is why I learned so much nearly finances. If you want advice in recent times ask me I will give it to you for free. And it will probably be better because i don't hold any profit incentive.
Just so you know Primerica works as a Pyramid similar to Amway or Mary Kay. You get general public under you writing business and they get hold of people beneath them writing business and pretty soon your making a ton of money. It goes to their motivation, their #1 dream is to make money for themselves. A close second is to formulate money for you.
Primerica is a branch of Citibank/Citigroup, one of the largest banks contained by the US . Primerica is an easy, low-cost style for them to sell you Retirement Funds, Loans, Insurance, and various different financial products from Citigroup. It's low cost for them because the Primerica reps all work independently, so they don't enjoy the overhead a lot of other bank and brokers require to run. It's an easy track for you to buy Stocks and Funds because you'll need a broker, and they don't enjoy the minimums that a lot of other brokers require. Plus they present their Financial Advice for free, in hope that you will buy one of their products.
Basically your friend and his trainer will come to your house, recount you a little in the region of what they do, and ask to do a financial analysis. They will take your financial statements and prepare a report, suggesting where on earth you should save and offering some of their products to facilitate you.
Hey,
Primerica is the largest financial services marketing organisation, owned by Citigroup. For more, check out the link
Whats the best bearing to revise going on for regular finances? Should I return with a financal advisor?
I don't know where to start, or how to budge about finding out answers to things close to savings, pension, college funds etcAnswers: Regular finances? Are you talking around investment options? It depends on how much money you own if you should get a financial advisor. It can be expensive or you can risk getting some not great suggestion.
First: what are your goals? How much discretionary income do you hold? How much can you put towards each of your financial goal (savings, college, etc.)? A pension plan is a type of retirement plan that is to say completely company or government sponsored. The participant contribute nothing out of pocket to them. They are dying because they are unbelievably expensive to operate.
There is a such thing as a 529 College Savings plan.
There are lots of books out in that. I would recommend reading a basic book on nouns, probably something called personal nouns.
You might be able to find something on amazon.com.
Personal Finance for Dummies. It's from 2003 but selling for beneath $5. The basics don't really convert. I would recommend starting there. Once you enjoy the basic tongue and a general intellectual capacity then you can move forward.
In my feelings, Financial Advisors make money for giving adjectives sense advice. Just instruct yourself and save your money.
Your first leeway should be to fund fully a retirement account. If you do this, and you enjoy extra cash, consequently one of the best things you can do is open a DRIP Plan.
Go to : low-cost-stock-recommendations
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Click on the "DRIP's" Button on the Navigation Bar
These powerful investment plans are seldom talk about because brokers sort very little money when they suggest them. Yet, they hold proven to be one of the best, if not the best, long-term strategy on Wall Street.
They are foolproof for small investors, as well as big investors. They are secure and allow you to not care around whether the market is going up or down. They are a must for any serious investor.
If you establish you are interested in DRIP Plans, click on the want ad on the same page "$4 to purchase stocks". This will answer your subsequent question, which is, How do I return with started? and what is the least expensive road to get started?
I strongly recommend looking into it. They are great plans.
Good Luck