Bankroll – Resource KT Sat, 12 Jun 2021 02:57:03 +0000 en-US hourly 1 Bankroll – Resource KT 32 32 Loan without listing – quick loans Mon, 29 Mar 2021 12:14:56 +0000 


Quick Loans are so-called quick loans, whose popularity is growing every year. More and more people who can not count on receiving a bank loan decide to borrow money in the so-called parabank.

Fast Loans have many advantages, which make them popular.

Fast Loans have many advantages, which make them popular.

However, remember that you should be careful when applying them. Otherwise, you can quickly fall into a spiral of debt, from which it is not so easy to get out. What to watch out for when deciding to take a payday loan?

Late repayment is an element of payday payday, which can translate into significant costs. Anyone who has decided to take a payday should know that not paying installments on time is really high interest. As a result, we will give a much larger amount to the parabank than the one we decided to borrow. For this reason, it is important for payday loans to ensure that each installment is repaid on the date agreed when signing the contract. This will avoid significant additional costs.

What Better Loan Or Donation?

What Better Loan Or Donation?

Some loan companies expect the client to provide a bank statement for the last few months. This statement is an alternative to your earnings certificate. The statement confirms confirms regular account receipts. It also shows how high our monthly expenses are.

Quick Loans are quick loans, which are handled by so-called parabanks. Today, such companies can be found in almost every city. They are very popular, among others, because the formalities to be completed when taking payday loans have been kept to a minimum. Therefore, the question arises as to what documents are necessary to make it possible to take a payday loan at all.

While the ID card is a document that is necessary in each case, only some lenders require a certificate of employment and income. It is usually the case that people who decide to take a payday pay do not need to submit any documents other than an identity document. This significantly reduces the procedure for applying for a same day loan, and at the same time makes it possible for those who have no legal employment to take out.

A significant proportion of people who want to take advantage of the parabank offer are looking for a loan, which only requires an ID card. As it turns out, among the so-called parabanks there is no shortage of companies that borrow money by presenting only an ID document. This document confirms personal data and citizenship, i.e. the information that is needed to grant the loan. It should be added that nowadays more and more companies allow the possibility of granting loans via the Internet. In this case, the borrower does not even have to appear in the branch of the company to present his identity card. Just scan it and then send it by email.

Where Non-Bank Loan Without Bik?

Where Non-Bank Loan Without Bik?

If we have fallen into a spiral of debt, we need to check the issues related to debt aging very carefully. It may happen that we have a bit of luck and it turns out that our debt has expired. In this situation, there is no question of paying off the debt. It should be remembered that the claim is time-barred after ten years, while interest only after three years.

Consumer bankruptcy is a solution that currently exists in Polish law. However, it should be remembered that the declaration of consumer bankruptcy requires court proceedings. It is possible only if there are premises strictly defined by law.

Borrowing without hesitation can lead to very serious financial problems. It can lead to falling into a so-called debt spiral, from which it is not so easy to get out. Below are a handful of tips on what to do if the debt loop is very important to avoid borrowing more loans and credits .. They are no way out of the situation. Instead, they will increase debt and the number of creditors. Therefore, an attempt to negotiate with existing creditors is a much better option. With a little good will on their part, they will be able to work out such a repayment schedule so that they can gradually reduce their debt.

Attitude pending cancellation of debt

Trying to negotiate with your creditors is always a remarkable solution. Of course, they don’t have to bring the expected effect, but they are definitely a better solution than waiting for the case to be in court and the bailiff will knock on our door. There are a few rules to keep in mind when starting negotiations. First of all, under no circumstances may you take a claim attitude pending cancellation of debt. It is good, however, to present your life situation and explain exactly why financial problems arose. You also need to think about the amount we are able to pay to your creditors’ account on a monthly basis.

Financing installment loan calculator. Mon, 29 Mar 2021 11:39:02 +0000 

The calculator, interest calculation, monthly installment, amortization calculator, repayment calculation with this calculator for car finance, you can better estimate a possible same day loan. We help you with financing, which gives you additional financial flexibility at all times. Use the installment calculator to select a purchase amount and decide for yourself what your monthly installment is. With the z | easy denture financing you can pay your cost price for dentures in comfortable monthly payments. Our financing plans enable both interest-free short-term financing and long-term financing with low monthly installments!

Subsequent financing

Subsequent financing

How much will my planned construction financing cost me? What is your monthly fee and what happens when the repayment rate changes? The tariff calculator gives you the answer. Do you already have a concrete project? It pays off to measure the interest rates! Our tip: Put the interest savings in your repayment – and you are at the same price quickly debt free!

Old browsers

Old browsers

With us you will find the right financing! Financing the card: as versatile as you! Repayment of the purchases in full and without interest on the debit date or in monthly installments of your choice (at least 25 USD or 2.5% of the repayment amount). Effective interest rate 4.9% (variable borrowing rate 4.78% pa), outside 13.9% at 13.09% pa (variable borrowing rate).

You can co-finance large and small projects. With our financing you can realize your ideas at any time. Our online customer service opens up many ways for you to design your financial account the way you need it: from partial to full pay or individual tariff adjustment is not an issue. We help you with the financing, which gives you additional financial leeway at all times.

With the installment calculator, you can choose a purchase amount and decide for yourself what your monthly installment may be. The application process only takes a few moments and can be carried out either in the Intershop shop or here on the Internet. Since the first day of 2017,map offers you a cheaper and more flexible way of financing.

Budget calculator

Budget calculator

The calculation result does not constitute a performance offer of the company and no legal claim against the company, but serves as an example for your classification. Some of the results are rounded off for a clearer presentation and may therefore differ in the application for a particular car loan. Detailed information as well as a personal and binding price offer are available from the participating Toyota dealers.

Participating merchants are authorized to negotiate loan agreements with the company and may also work for other institutions.

Clearly 10% more expensive than quick loans. Sun, 28 Mar 2021 12:19:33 +0000 

When a product is purchased through an e-store, this is extremely often done today with a payment solution from a major credit company, for example Caryl. When payment options are chosen, you can choose to pay everything at once or pay part over a certain period. With a low monthly payment it can be attractive with part payment – but it tastes so expensive.

Caryl chooses to present an example on their website. It is then a purchase that takes place at USD 10,000 and is then paid for 12 months. With the interest rate of 19.90% and the charge of USD 29 per month, the effective interest rate is 29.22%.

About high cost credits

About high cost credits

In the investigation of a new fast-loan law, a high-cost credit is defined as a credit with an effective interest rate of over 30% + the applicable reference rate. According to the investigators, 30% of the effective interest rate is currently a high-cost credit. In the example above, Caryl is very close to that limit and it is sufficient to change the minimum in the example in order for the effective interest rate to exceed 30%.

This can be compared to fast-cash companies like Best Lender with an annual interest rate of 25.74% and effective interest rate 29% and criticized Good Finance with an annual interest rate of 29.17% and effective interest rate 33.4%.

What will be the difference in credit cost in the end? Let’s take a look and take into account that 30% of the interest cost is deductible.

What does this mean?

What does this mean?

It is important to take into account how much of the cost is interest and is deductible in the declaration and how much of the cost consists of other fees if you want to get a complete picture of the loan cost.

It is also interesting that Good Finance received a lot of criticism in comparison with Caryl, even though the cost difference in the example above is actually negligible. Best Lender was even cheaper. It is interesting that same day loan are generally automatically criticized regardless of the layout, while Caryl is seen as a “good, well-liked and obvious” product by many Swedes.

People buy the criticism straight away and generally miss that the word “fast loan” or “sms loan” is a vague definition that does not take into account neither the layout nor the cost development. In the above example, we have selected the cheapest alternatives. However, it is true that most SMS loans have a significantly higher regular price. You can learn more about what makes a sms loan expensive and where the actual problems consist of if you read the article “What is true about sms loans?”.

With lower amounts, the effective interest rate increases

With lower amounts, the effective interest rate increases

Arvato is one of the credit companies that cooperates with E-retailers and offers customers partial payment. This is the same as Caryl. On an invoice you can read ” Effective interest for partial payment of USD 2000 over 6 months is 61.13%”.

So this is not a constructed example to demonstrate the high costs of part payment but exactly what they chose to print on an invoice sent to a customer (with low invoice amount).

At larger amounts, the effective interest rate will be lower. This is due to the fact that the fixed costs, such as setup fees and management fees, constitute a smaller part of the total credit. In one example, they mention that a purchase of USD 10,000 divided over 12 months will have an effective interest rate of 30.05%:

It is thus very clear that the lower the amount on which the installment is made (and the shorter the installment time), the higher the effective interest rate.

Part payment should not be made in small amounts

Part payment should not be made in small amounts

Of course, it can be argued that part payment should not be made in such small amounts for so long. With this reasoning it is also possible to claim that the effective interest rate will be misleading as it is not a partial payment of at least one year. However, those who use these arguments should in that case also apply them to the fast loans, which are also not intended to be used for long-term amortization. This makes the effective interest rates very misleading.

The combination of paying as small a sum as USD 2000 and doing this for a whole 6 months is relatively uncommon. The vast majority of lenders that lend such a small amount require the loan to be repaid for 1-3 months. But some examples can be mentioned to put it in perspective:

  • Quick loan – Borrow USD 2000 for 3 months – pay USD 496 (Effective interest rate 288.8%)
  • Secured Credit – Account Credit – Borrowing USD 2000 for 6 months – Paying about USD 240 (Effective interest rate 28.02%)
  •  Annual loan / Quick loan – Borrowing USD 3000 (minimum amount) for 12 months (shortest time) – Pay USD 495. Choose to repay after half time and end up at about 350 USD. They always apply an effective interest rate of 33.4%.

Above, some of the “cheaper quick loans” have been presented. Of course, there are those with significantly higher costs and effective interest rates. But in the debate on “high-cost credits” and “high effective interest rates” regarding different forms of loan, it is important not to leave the partial payment option completely out of the debate.

Here, customers should not be protected

Here, customers should not be protected

As mentioned in the introduction, the proposal is that the limit for high-cost credit should be 30% + the applicable reference rate. If the law goes through, loans with effective interest rates at this level would be subject to a number of requirements and restrictions that the law regulates. But in all likelihood, it will only apply to loans.

The investigators do not want it to apply to credit purchases and during the referral round several referral bodies pointed out that it is good that this law should not include credit purchases. For example, Syen Haven writes that ” this type of credit differs significantly from the interbank loan, mainly because the consumer receives a product “

Several of the measures described in the new bill are about keeping down the total cost to the borrower. But any restriction on credit purchases should therefore not apply. In this way, companies can continue to offer partial payments with effective interest rates of over 60% without having to be limited by the law that (if implemented) will hit hard against other forms of lending.

Part payment is in some cases the best financial solution. This is in the same way that all loan forms have their advantages. As a borrower, on the other hand, you should always be aware of what you are actually paying.

Where to get the money Ideas for getting money quickly Thu, 25 Mar 2021 12:35:47 +0000 

Each of us may find ourselves in a situation where unforeseen expenditure forces us to look for additional financing. Most often in such situations, we reach for our reserves accumulated on the deposit or savings account or we borrow a certain amount from family or friends. But what if we are on our own? Find out where to get money quickly from.


How to get money? Look for additional employment

How to get money? Look for additional employment

If we are employed full-time, and yet we have run out of money due to unexpected expenses, the way to get additional funds is to look for occasional work that we can do after regular work hours or during the weekend. Here are some ideas:




Additional work as a nanny is a good solution for people who can boast of experience in childcare and have suitable predispositions for it. Many parents seek care for their children in the afternoon or evening, so it’s a great opportunity to earn some extra money after work. In the search for this type of orders, it is worth joining the groups on social networks, where parents often publish this type of advertisement. The hourly rate for such care may range from 25 to 50 $.


Private Lessons

Private Lessons

In turn, this is a great solution for additional income for people who have a pedagogical eagerness and at the same time have knowledge of a specific field, such as mathematics, Polish, physics, chemistry or a foreign language. Tutoring can be given to both schoolchildren and high school students. The tutoring time, depending on the subject and level, may cost from 35 to even 100 dollars.




People who can boast of a light pen, and have grammar and spelling rules at their fingertips, can earn extra money by writing commissioned texts. There are dedicated platforms on the internet where you can register to access these types of orders. The advantage of this type of activity is the lack of fixed working hours. The platforms are available online around the clock, so we can search current orders at any time. By devoting 2 hours to writing each day, we can earn up to $ 1,000 a month.


Sale at online auctions

Sale at online auctions

It’s a great way not only to earn extra money, but also to get rid of unnecessary things. We can sell clothes on the internet that we will not put on anymore or gadgets that we no longer use. If we have children, we will certainly find a lot of unnecessary things that we can sell. For small clothes or shoes, a stroller, a baby bath tub or toys, they will surely find those willing to do so, and thanks to this we will top up our budget with a certain amount of money.


Online work

Online work

Many companies use freelancers support in entering data into the system or other relatively simple but time-consuming activities. Such help is often sought by owners of online stores where it is necessary to manually enter products into the database. This can be a great opportunity to earn without leaving home. We can do the work 100% online. Such a seizure can give us an additional several hundred dollars a month.


When money is needed immediately …

When money is needed immediately ...

There are situations, however, when we need money urgently, and waiting for payment of remuneration for additional work is not an option. When time matters, a quick online loan may be the solution. Just fill out a simple form in which we will specify the amount and the repayment date you are interested in, and after the application has been approved, the money will be transferred to our account even on the same day loan. When deciding on such a solution, we should remember about timely repayment of debt. Thanks to this, we will avoid additional costs related to penalty interest.

How to get money quickly? As you can see it is not so difficult. All you need is a little willingness and organization to earn an extra amount that will allow us to finance unforeseen expenses.

Fast loan companies are forced to cease lending. Thu, 25 Mar 2021 11:39:28 +0000 

Must stop lending

The Consumer Agency published a press release yesterday stating that they have banned the fast-loan company Lite lender, which conducts loan operations under 4 different brands, to lend money to private individuals. At the same time, the company is warned of Advance Pay and is forced to pay USD 200,000 in penalties.

The reason for these measures is that the companies mentioned above do not do a sufficiently good credit check, which means that they cannot assess the repayment capacity of the borrower. For example, companies have not requested information on expenses and other loans, which means that a proper credit check cannot be done.

Lite lender announces on its website that they will appeal the order from the Consumer Agency and now a legal process is expected that could lead to the company ceasing lending to consumers.

According to the Consumer Agency, which exercises supervision for, among other things, If the case is appealed, it is up to the Administrative Court to decide when Lite lender will cease its lending.

It is the first time ever that the Consumer Agency has taken such a hard time against a fast-loan company with same day approval and therefore the event was noticed in Sweden’s largest media.

Important with proper credit check

Important with proper credit check

In recent years, the authorities have made increasingly stringent demands on fast-mortgage companies with the aim of, among other things, regulate the market and raise the quality of companies that conduct this type of lending. This includes This means that the Consumer Agency has reviewed the credit review process at most fast-loan companies 

Doing a proper credit check is necessary to make a good assessment of whether or not a borrower can repay his loan. As a borrower, one should be critical if a company does not do a proper credit check as the credit check is also for the benefit of the customer.

New law places higher demands

New law places higher demands

On July 1, 2014, the Act on Certain Business with Consumer Credit entered into force, which means that permission is now required from the Swedish Financial Supervisory Authority to conduct lending operations to private individuals. All lenders have until December to submit their application.

Thereafter, the Swedish Financial Supervisory Authority will conduct a thorough review and then make a decision on whether the companies meet the requirements or not. Previously, fast-mortgage companies only had to be registered with Finansinspektionen, but now the companies end up under the supervision, which in itself places higher demands on fast-bank companies.

– We look at this very positively because it will ultimately benefit consumers so that more people can really apply sound credit. In addition, the market will be decontaminated, which means that rogue players will no longer be able to offer lending. Maeldúin is one of the largest players in this market and we work hard to offer high quality and secure consumer loans.

When a company falls under the supervision of the Swedish Financial Supervisory Authority, it will in practice mean that the company becomes completely transparent to the authority. You are constantly forced to report on required information as well as to show how you work to prevent, for example, money laundering.

The authorities will henceforth be able to make a better assessment of whether a company can truly live up to the requirements to be a stable lender who can follow all laws, rules and guidelines.

The law benefits consumers and serious lenders

The law benefits consumers and serious lenders

For the consumer this means only benefits. As a borrower, you can today end up in the hands of rogue companies. On the internet, you come across everything from companies that claim that our lenders but are really only loan intermediaries to companies that are lenders but can have hutless prices and poor conditions for the consumer. 

– Unfortunately, not all customers read the general terms and conditions, and it is usually in the terms that one can read whether a company is serious or not. For this reason, we believe that a secure relationship between lenders and borrowers is very important. Be sure to do a proper check on the company you are borrowing money from. A good way is to contact the industry association for fast loans to see who the members are.

SKEF is also a quality body that places demands on its members. The Consumer Agency, whose members are supervised, meets with member companies once every six months. about how they think a proper credit check should go.

Read more

How can I borrow money? Mon, 22 Mar 2021 11:45:53 +0000 

Babysitting is a classic among the ways to make money. To earn more money in the future, you must first increase your own value. I myself wanted to know and have tried all kinds of proven pay per click programs, including investing in HYIP funds. However, it pays off to think outside the box: Are you a student and you want to earn more money for your pocket money?

What can I take more money?

What can I take more money?

Not only on the Internet are the questions “How can I make more money” or “How can I earn a lot of money quickly” numerous, but also popular in the offline world. The vast majority of seekers want a guide to making money that you can build yourself.

Of course it should be like that. Therefore, most people tend to respond to prescription products in six or three days and to invest money in securities whose financial success usually begins in a few years. I do not want to say anything about the quality of the “quick earn money – offers” – besides many small and big red lambs there are also quite good offers – because the actual main problem or the fact that someone has no higher income is much more.

But first you have to understand why there are people who do not seem to know what to do with their same day loan and others who work to the bone, but constantly look up from the pole in the throat. Basically, your own income depends on how much benefit someone brings to other people.

The misunderstanding of some people is not about the importance of a human being – each man is precious in his own way – but about the advantage that he can offer to others. This was followed by apprenticeship or a course of study, then they found a job that they pursued for years with the previously acquired knowledge again and again.

In such a case, revenues will only increase gradually or stagnate, while current spending will continue to rise. So the first question should not be: How can I get more money in an instant? But how can I offer other people a greater advantage than today?

Who wants to offer others a greater added value, must first think of themselves, increase their own benefit. In the previous article “Money for financial education is an investment” I have already mentioned this. Those who understand this concept will not necessarily be able to increase their income quickly, but over time.

You can increase your own benefit by doing research yourself or by researching books or attending courses or seminars. Now there are some who have read a booklet or completed a course and expect the big money to flower in the coming calendar month. If, on the other hand, you want to follow instructions without wanting to develop yourself, you will not achieve lasting economic benefits with this approach.

Eliminate your money worries and risk of impoverishment

Eliminate your money worries and risk of impoverishment

That’s why participants in the Passive Cash Flow Academy learn the basics of financial education and success-oriented thinking before taking the right steps to properly invest or earn extra money. What can I take more money? These self-contained companies should use this implementation to increase their revenues in the medium term, as they will soon be discovered by several potential customers.

Because in most cases the customer only wants to be bought or maintained by the best. In all three cases, it is possible that soon more money will flow than before. Anyone earning more money in the future than today should first increase their own value. This makes you more valuable for your client or brings greater benefits for other people in (part-time) self-employment.

That’s what you should look out for, not how to make more money as fast as you can. If your market value rises, the higher income comes sooner or later by itself. You want to make more money? Participate in this unique and high-quality online training “How to Achieve Systematic Time and Financial Independence in Five Stages” and then not only gain more money but also eliminate your money worries and risk of impoverishment.

You want to do more with your money? You want your money to finally work for you? Do you want to increase long-term assets? Do you want to know more about passive income? Do you want to know the state of the stock exchanges? Subscribe to the free e-book “How close are you to self-employment?

Take out an online loan Sat, 20 Mar 2021 11:44:57 +0000 

As a bank and lending company, Good Finance has existed in Germany for a long time. In the meantime, all major banks and credit institutions are present on the Internet and also offer their products online. Even the online credit of Good Finance is no exception. It is one of the largest private banks in Germany. By the end of the decade, Good Finance has ambitious plans.

Good Finance online loan

Good Finance online loan

As a bank and bank, Good Finance has been at home in the Federal Republic for a long time. As early as 1870, the institute operated under the company name of commercial and discount account in the field of private customers in the Federal Republic and developed into one of the most renowned and largest credit companies in Germany, whereby the company form was determined as AG and the headquarters of the joint-stock company after its founding in the Hanseatic city soon became Dusseldorf.

After 1958, the private customer offering was expanded and expanded, while Good Finance AG did not lose sight of the competition and subsequently acted globally. Good Finance has a nationwide branch network and the acquisition of the Good lender Bank Group as a guarantee for its endeavors to become the best private and commercial bank.

At branches, check accounts are offered to customers on various terms and benefits; a variety of credit cards and investment models are consulted and opened by local advisors. Good Finance maintains subsidiaries of its own, such as the Good Finance Financial Group, for the various customer needs. The subsidiaries have a large number of financing and investment opportunities, and Good Finance also offers an online loan on various issues.

The online loan Good Finance you can rely on trust and familiarity

The online loan Good Finance you can rely on trust and familiarity

And how does Good Finance’s online loan work? Interested parties can inquire in advance about the various loan offers on the website of Good Finance AG at www.Good Not every Good Finance same day loan is checked and processed directly, for example, personal advice is required for the student loan of the cooperating E-Money bank.

On the website of Good Finance, however, an appointment and query form is available for such appointments, which is booked directly into the schedule of a seller, whereby the seller will contact the client in advance via telephone. Good Finance’s online loan is uncomplicated and modern: after receiving an immediate confirmation based on the information transmitted for the variants to be processed online: vehicle credit, instant credit or debit card, maximum service is guaranteed.

In addition to his income and information, the principal must enter the desired credit limit via a form and can submit an approved order with a and a salary receipt for payment within a few days.

First Generation MBA 2020: Ana Flavia Dias, University of Virginia (Darden) Thu, 11 Mar 2021 05:19:42 +0000

Classify: 2020

Hometown: Anapolis, Brazil and San Francisco Bay Area

Fun fact about yourself: As a child, I was a very bad Super Mario player, so much so that my brother handed me an unplugged remote control (I quickly understood). I’m happy to report that after graduating from Darden I beat the game.

Undergraduate and major school: UC Berkeley, Chemical Engineering

Most recent employer and job title:

Pre-Darden: I was working as an operations supervisor at ChemTrade Logistics, a sulfuric acid plant.

Post-Darden: I am currently working as a project manager for Facebook.

What did your parents do for a living? Both my parents clean the houses.

What was the highest level of education your mother and father achieved? Both of my parents graduated from high school in Brazil.

Which family member or mentor is your greatest inspiration or role model? Why? Probably my maternal grandmother. She is one of the eleven. She was elated when she graduated from elementary school. She then found out that her student days were over and she would start working because her family couldn’t afford to send the 11 children to school, so none of them would go. That same day, she tore up her elementary school diploma.

She eventually had a very successful career as a car saleswoman and was the support of her family. Her financial independence allowed her to walk away from a dysfunctional marriage – a lesson I will never forget.

When did you decide to pursue higher education? I would have liked to know so that I could recreate this moment for others. I think it was a combination of three factors:

1) During the summers in high school, instead of visiting colleges or taking SAT classes, I went to work with my mom to clean houses. These were often huge houses in San Francisco, and most had walls decorated with multiple degrees, many of which were MBAs. So I started to associate greater life opportunities with education from an early age.

2) By nature, I like challenges. If you tell me that I can’t do something, I will work harder to achieve it. Growing up, my mom and I spent more time designing my wedding dress than talking about college or careers. I was raised to be a wife and a mother. And I quickly noticed that the rules I had to follow were different from my brother’s. So I chose to challenge everyone’s preconceived ideas, and to realize my own expectations.

3) Luck. Even though our family had our fair share of obstacles (when we first arrived in the US I was one of ten people in a 2 bedroom / 1 bathroom apartment), I didn’t never had to worry about my next meal or where I would sleep. night. My parents had the courage to come to a country they knew nothing about and spoke a language they did not speak so that they could give my brother and I more opportunities. I didn’t choose that. They chose it for me. No matter how many “moments” arise, if I hadn’t been born to my parents, I wouldn’t be where I am today.

What was your biggest worry before going for your undergraduate degree? Pay for it. Due to my immigrant status at the time, I was not eligible for scholarships, student loans, or work. My registration has been blocked several times due to late payments.

What was the hardest part of getting your undergraduate degree? All.

Berkeley engineering was a whole different ball game. I graduated from high school with a GPA of 4.2 and did well on the SAT without any help. In Berkeley, you’re thrown in the deep end – and you sink or swim. It turns out that a lot of my classmates had buoys, while others had swam their entire lives or had a personal lifeguard.

Living at home was the only way I could afford Berkeley, so I commuted by public transport which took a long time in my day. And the house wasn’t exactly the best environment for a student. One day, as I was coming home from the organic chemistry lab, I witnessed a shooting outside our home. I was then called as a witness in court for the trial. I remember getting my first F, in a multivariate calculus quiz, and I cried from Evans Hall to Tolman Hall where I had my next class. I got a bachelor’s degree in chemical engineering from UC Berkeley because I saw my obstacles and failures as opportunities to prove myself.

I cannot stress enough the importance of having programs in place for students who do not have much support outside of school. A few programs that helped me at Berkeley were the Multicultural Engineering Program and the Professional Development Program, led by Cal alumnus Hugo Ramirez. In these programs, I was able to find a smaller community of people with similar backgrounds to mine in a school of over 30,000 undergraduates.

What has your family not understood about the higher education experience that you wish they understood better? It’s not just about putting your head down and getting the job done.

There are a lot of nuances and networking involved in being successful. It’s not just about school, there are also so many extracurricular activities and social events where attendance may not be required but expected. It was hard for my family to figure out that I was not partying when I attended four networking events in one week. The work does not end at the end of the course. It is also difficult for them to accept that following the opportunity sometimes means spending time away from family. To say that my father was adamantly against my leaving to pursue my MBA is an understatement. But he was still proud once I graduated and realized all the doors that an MBA can open.

What prompted you to do an MBA? I wanted to continue building my professional career and saw the MBA as a way to access new opportunities. I also wanted to complete my experience to have more impact wherever I go.

My undergraduate experience allowed me to acquire technical skills. However, this does not always translate into effective leadership, so I decided to pursue my MBA. I also believe that the more I accomplish, the greater the influence and reach I can have in communities and people close to my heart.

How did you choose your MBA program? I had a few priorities when choosing an MBA: I wanted to follow a program that was consistently ranked in the top 20 at all levels, I wanted a tight-knit community and I wanted to work on my soft skills.

After experiencing what it’s like to be part of a large school, I wanted to be a student in a school where I recognized everyone’s face. Darden’s case study method and the required core and learning team create a collaborative environment that teaches you to think on your feet and articulate your ideas and reasoning eloquently and effectively through practice. In essence, it mimics the corporate world the best and teaches you the emotional intelligence you need to be an impactful leader. I’m glad Darden ticked all three boxes. A bonus: the teachers are really as good and accessible as they say! Believe the hype.

What was your biggest worry before starting your MBA? I was scared to make friends and to know if there would be someone I could relate to.

How were you able to finance your MBA as a first generation student? I was fortunate enough to receive a full merit-based scholarship from the Darden Foundation, for which I am extremely grateful. Dean Beardsley has devoted a lot of energy during his tenure to increasing scholarship funds because he knows that having an affordable education increases the diversity of the student body. So, it can create a richer experience for all students, which allows them to take bigger risks like starting a business. Affordable education is especially important for students who lack a safety net, like most first-generation students.

What advice would you have for other first generation students? CARRY ON. It will be hard. You will often be the only one at school and at work. And when you get home, you will also be the only one. You will feel lonely. You will have the unique experience of not belonging to any world and of belonging to both worlds at the same time. You will not feel included in either of the two worlds. You will have to work harder than your peers. The list of obstacles can seem endless. But someone has to be first, and you have the option of making sure someone is you.

What do you plan to pursue after graduation? I started working at Facebook in July as a project manager in the community operations team. I believe the technology we build is amoral, and we are all called to the challenge of using it to do good. Our platform gives people the power to create a group called “Empowering First Generation College Students” (currently at 4.7,000 members!) So that students can connect and not feel alone on their way to Higher Education. Meeting other successful people like you helps you see what is possible for yourself. My job is to make sure our communities are safe so people can come together and do what they do best!

I also look forward to using my location to connect with people and build communities offline. Facebook partners with various organizations that connect the early career talents of underrepresented local communities with roles at Facebook and teach them the new skills needed to be successful at companies like Facebook.


GRTC announces new maintenance director Thu, 11 Mar 2021 05:19:42 +0000

Tony Byrd, Director of Maintenance, GRTC


The Greater Richmond Transit Company (GRTC) has appointed Tony Byrd as Director of Maintenance. He started his new role on August 30, 2020.

Byrd is a classic GRTC achievement, starting in 1989 as a mechanic in training and working his way up both in the maintenance department and in the union department as a shop steward and later vice president.

“For over 30 years Tony has been a vital member of the GRTC family, contributing both to the culture of teamwork and to the advancement of the company,” said GRTC CEO Julie Timm. “I am proud of this internal promotion and I have no doubts that Tony will continue to lead the maintenance team with a dynamic spirit. ”

Byrd says he attributes much of his professional growth over the years to his “family away from home,” the maintenance team. All of the maintenance staff, including those who have since retired, have all provided guidance to help Byrd develop his professional skills and camaraderie.

“I hope to bring unity and positive change to the maintenance department. If we can coexist together and make a difference, there is no limit to what we can all do, ”Byrd said.

The winter 2009 snowstorm that occurred during the maintenance move of the old bus barn from Cary Street to Belt Boulevard is both his biggest challenge at GRTC and the perfect example of how teamwork made the transition possible.

Byrd recalls, “We didn’t miss a day of bus work (in the blizzard). We worked them in the barn, moved them the same day (through the snow) and continued to work.

The success of the team is the foundation of Maintenance, where Byrd has both competed in and supported Roadeo competitions locally and at the state level over the years. GRTC’s maintenance team recently won the award for best maintenance team in 2019 at the Annual State Roadeo in Virginia, once again propelling GRTC’s total score to first place for best overall property in Virginia.

Byrd seemed destined for a successful career in maintenance. From a motivated 13-year-old working on cars to spending two years in high school studying mechanics, he fulfilled his high school yearbook prediction that he would be a mechanic after graduation. His mother, a former GRTC supervisor, encouraged him to apply for the position of training mechanic at GRTC. Family support has always been essential to its development.

“The hardest challenge of my life is to keep my grandparents proud of me. My grandparents raised me and I keep the bar high to make them proud, even after they are gone, ”Byrd said.

While leading the maintenance department, he says his advice to new mechanics is to keep dreaming, aspire to leadership, and take action to achieve personal goals.

Quick ratio: definition, formula and use Thu, 11 Mar 2021 05:19:42 +0000

Business man calculates a quick report

A quick ratio tests the current liquidity and creditworthiness. It is a measure of the company’s ability to pay its short-term obligations with its cash or cash-like assets. (Short-term bonds are generally defined as any liability due in the next year.) The quick ratio, sometimes referred to as the “acid test ratio” or “liquidity ratio,” is considered an important measure of strength. financial of a company.

Quick ratio defined

Paper currency

Paper currency

The quick ratio measures how well a business can meet its short-term obligations (such as paying debts, payroll, inventory costs, etc.) with their cash on hand. In this case, “cash” is defined as real cash or cash-like assets that can be quickly converted. Cash-like assets are traditionally defined as liquid assets that the business can easily sell, such as stocks, or short-term income, such as accounts receivable. These are the “quick” assets of the company, hence its name.

The quick ratio, then, is defined as the ratio of all liabilities due in the following year measured against all liquid assets or income due in the following year.

Understanding the Quick Report

The quick ratio (QR) is calculated using the following formula:

QR = (Cash and cash equivalents + Liquid securities + Accounts receivable) / Short-term liabilities


  • Cash and cash equivalents are all assets that are either cash or primarily treated as cash;

  • Liquid securities are securities that the company can sell with few restrictions, like actions and obligations;

  • Accounts receivable are debts that the business will collect over the next year;

  • And short-term debts are any debts, obligations, or accounts the business has to pay off over the next year.

A quick ratio of 1.0 is considered good. This means that the company has enough the money available to pay its obligations.

A ratio greater than 1.0 means the business has more money than it needs. For example, a ratio of 2.0 means the business has $ 2 on hand for every $ 1 it owes. This is generally good, as it means that the business can easily make payments on any of its debts. However, an excessively high Quick Ratio can, in some cases, indicate that the business may not be using its money wisely, choosing to keep cash that it could otherwise reinvest in the business.

Investors are concerned with a rapid ratio below 1.0. This means that the company owes more money in short-term debt than he has cash, potentially indicating that the company cannot pay all of its bills in the coming months. For example, a quick ratio of 0.75 means the business has or can raise 75 cents for every dollar it owes over the next 12 months.

The quick ratio can provide a good insight into the health of the business, but it can also miss important issues. For example, the ratio incorporates accounts receivable into the assets of a business. This is important because omitting this information can give the wrong impression, making the business appear financially weaker than it actually is. However, it depends on the business customers making their payments on time. If a customer does not make their payments on time, the business may not have the cash flow indicated by the quick ratio.

Or, on the other hand, the company may have more options to manage its debt than the quick ratio indicates. For example, a liability may have varying payment terms or methods, or the business may have access to credit. and refinancing options. None of this would be reflected in the quick ratio.

Finally, it should be noted that the liquid securities of a company are an element of its current assets. The quick ratio formula uses the current market price of these securities, but those prices will change. A company’s quick ratio reflects the market price of its securities at the time of the calculation, which means that over time the calculation becomes less accurate.

Sample quick report

Take the example of ABC Corp. This company has the following current assets:

  • Cash / cash equivalent: $ 10 million

  • Equity portfolio: $ 8 million

  • Accounts receivable: $ 15 million

It has short-term liabilities such as debt payment, payroll, and inventory costs due within the next 12 months totaling $ 40 million.

As a result, ABC Corp. has the following rapid ratio:

This is not a good quick report. He indicates that ABC Corp. might not have enough money to pay all of her bills over the next few months, having 85 cents in cash for every dollar she owes. This should worry with any potential investor.

The bottom line

Businesswoman with her baby

Businesswoman with her baby

The quick ratio is a measure of the financial condition of a business. It calculates the ratio of a company’s cash and liquid assets to its current liabilities to give investors an idea of ​​how easily the company can pay its upcoming bills. This ratio can signal that a business may be running low on cash or not wisely deploying cash and other liquid assets. Keep in mind that not all accounts receivable are created equal: money owed by one customer may not arrive on time as owed by another customer. Anticipation of delays and the possibility of fluctuation in the market value of short-lived assets will result in a faster, more accurate ratio.

Advice to investors

  • You don’t have to make these money management and investing decisions on your own. A financial advisor with experience in these areas can be invaluable. Finding a financial advisor doesn’t have to be difficult. The free tool of SmartAsset can quickly put you in touch with several advisers in your area. If you are ready, start now.

  • The Quick Ratio is a tool in a financial analyst’s toolbox. There are many more. A overview of these basic tools to analyze a business can help you be a more successful investor.

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