Life gets harder each day…
Why I am talking like that? It is because I see many of my friends and colleagues started to struggle in their daily life. They always complaint, that they didn’t have enough money to cover their daily life expenses, some of them even try to borrow fast cash from the illegal money lending companies! (I think they should not risk their own life by this way.)
Well, a few of my friends also have came to me and asked for my opinion, whether it is wise for them to sell future payment to cover their daily expenses. I am having some advices to them, that are not wrong to sell their future payment, but they should analyze several manners before them doing the sell…
Things that you need to know before you sell payment or future payment are:
- Is it worth to do the sell at this moment?
- Is it worth to let off your property at this moment?
- Is it worth to sell the property with a lower price at this moment?
In addiction, one of my colleagues, Matthew told me: “I’m kind of having a financial problem now; I might sell my annuity to overcome the problem. Did you have any suggestion to me, Wilson?”
For those that want to sell your annuity, you might need to consider these following aspects:
- The annual interest rate.
- The number of years.
- The number of periods per year.
- The interest rate per period.
- The number of periods.
The above five factors will determined, whether you will get a good price for selling off your annuity or otherwise…
Remember, before you want to sell any future payment or annuity, better think twice or thrice. After you have done the selling, is will not be easy to get it back from the buyer, except you offer a higher price to buy it back.
Good day…
No comments:
Post a Comment