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New Taxi Payment Competitor

Taxi Payment SystemAn Aussie Price Comparison Startup HAGOOLE™ Introducing Competition to the Taxi Industry
Summary: The first taxi payment solution that empowers the Taxi Driver to negotiate on the 10% EFTPOS service charge plus it lets consumers run a virtual taxi meter to make sure they are not being ripped off.

ChargeLess™ Taxi Cash Register is a practical and efficient application which details and calculates the TOTAL taxi fare, including all relevant charges associated with a particular fare, such as the many tolls and eftpos service fees. More importantly if you are a taxi driver or operator and combine this application with a standard business (eftpos terminal) it will make you thousands of dollars!!

Features:
- Easily calculate the total taxi fare, including all tolls, charges and the service fee
- Record values of tolls and charges for future use
- Be transparent before you customer by performing calculations in front of them
- Email or print a detailed Tax Invoice (receipt) generated by the app
- Enter the total taxi fare into your own independent third party eftpos terminal and pocket the majority of the service fee
- Win regular customers by giving them a discount on the service fee charged

See screenshots of Taxi Payment App Below:

Source: Taxi Payment System

Finance Industry Transformation

StartupsDigital communications have given birth to a new generation of finance companies (see article). Money-transfer agents such as Xoom have drastically cut the time and costs for migrant workers to send money home. Peer-to-peer lenders are matching savers and borrowers, slashing fees and delivering a better deal to both. New foreign-exchange firms are giving travellers access to the prices quoted on wholesale currency markets. Card companies such as Square and iZettle let anyone from yoga teachers to plumbers accept payments by credit card. Firms such as M-Pesa have given millions of people in developing countries access to mobile money.

Creating a financial-tech company is arduous. Whereas it takes less than a day to register a company in Britain, it takes months or years and can cost millions to get authorised as a bank. The number of new banks started over the past decade can almost be counted on one hand.

Source: Economist

Minimising your mortgage

Bid Home LoansFor most of us, paying off a home loan as quickly as possible is the smartest strategy to get ahead financially.

Structuring your home loan more efficiently can help you reduce your loan balance substantially and pay off your loan faster. Mortgage minimisation is based on good planning and tight budgeting.

Increase your loan repayments

It might seem obvious, but the best way to reduce your mortgage is to simply increase your repayments. The simplest and most effective way to do this is to increase your regular repayment amount.

Some other strategies to consider are:

• Paying fortnightly instead of monthly. There are 26 fortnights in a year but only 12 months, so by dividing your set monthly repayment in two and paying it fortnightly, you will be making one additional month’s mortgage repayment each year.

• Making extra repayments whenever you can.

• Keeping your repayments the same if interest rates drop at any time.

• Next time you get a pay rise, put 50% of it towards upping your loan repayments.

Get the right home loan

Making sure that you have the right loan to suit your individual situation is important, and your Australian Mortgage Centre Broker will help you choose a loan that you are likely to be able to pay off faster.

There are many loan products that offer flexibility – for example professional packs, line of credit loans, or standard variable loans with a redraw facility, or an offset account.

Make every cent work

100 per cent offset accounts enable you to have every cent of your money working to reduce your mortgage rather than sitting idly in your cheque or savings account. Line of credit loans can achieve the same result but can be more difficult to manage as they are like giant credit cards and require great budgetary discipline from you for them to work effectively.

Consolidate your debts

You can make significant savings in interest by consolidating all your loans – personal, car and credit cards – under your home loan, where the interest is usually at a much lower rate.

Remember, however, that putting short-term consumables under long-term finance can prove expensive in the long run.

Houses or units: which is more profitable?

House or UnitShould you invest your hard-earned cash in house on a quarter acre block, or a low-maintenance apartment in the city?

It’s the age-old question that plagues property investors across the nation, and as is often the case when it comes to real estate, there is no clear-cut answer.

When buyers look at a property for themselves the majority tend to go for houses, mainly due to the development potential. A decent block in a growth area then there is the possibility of developing the site –even if only to the point of a dual occupancy – and increasing the yield.

However, this is not necessarily a blanket strategy that applies to all investors. The long-held argument for houses over units has been largely drawn from the belief that “the value is in the land”, as land appreciates and buildings deprecate, and therefore houses are always the premium option.

When trying to decide between houses or units, you should evaluate your options based on “the quality factor”. This means investing in the best quality property you can afford within your budget – regardless of whether its strata titled or standalone.

In regards to units, you need to pick quality developments in quality areas with a good agent, as this provides a desirable property to tenants. This translates to maximised rental returns and minimal vacancy rates, which maximises your income.

Top three tips for a profitable property investment:

  • Structure in routine maintenance. If you keep your property, whether it’s a house or unit, in good repair, you increase the property’s overall profitability.

 

  • Engage an A-list property manager. If you have an agent who is diligent and takes care of the property, and who doesn’t keep changing the method of rental payment, you will have happy tenants and therefore a lower vacancy rate.

 

  • Review rents regularly. A good agent will help you make sure you are charging the market rent, instead of too much or too little.

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Buying Decisions ImageThe forces that influence whether people buy include: basic need, convenience, replacement, scarcity, prestige or apparitional purchase, emotional vacuum, lower prices, great value, brand and name recognition, fad or innovation, compulsory purchase, ego stroking, niche identity, peer pressure, the “girl scout cookie effect”, reciprocity or guilt, empathy, addiction, fear, and indulgence…

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