Les Schlais – Useful Money Management Advice

Les Schlais and John Kim formed Syncis with the aim of providing financial services to middle-income families and individuals. The company recruits Associates who role is to provide information to clients and help them achieve their long-term financial aims. For many, this means learning how to manage their money more effectively. These handy pointers will help anybody with this aim.

Ditch The Debit Card

While your debit cards may offer enormous convenience thanks to the prevalence of chip and pin machines and the rise of contactless payments, they also open to door to impulse purchases that result in you losing track of your finances. Consider withdrawing the money you know you will need for purchase before you head out, so you are not tempted to buy things you don’t need.

Set Goals

If you know what you want to do with your money you will have more drive to cut down on your spending. Create achievable goals with milestones attached to them and consider how you need to work within your budget to achieve them. Your goals will provide you with the tools you need to override the impulse to spend on things you don’t require, which will help you manage your money better.

Get Help

The role of Les Schlais and the Associates at Syncis is to provide information to people who are looking to make smart financial decisions. There is no shame in seeking help from qualified professionals who will be able to provide you with information on how to manage your budget and what you should do to ensure you have the money you need to reach your goals.

Les Schlais – The Benefits of Insurance

As the Co-CEO and Co-Founder of Syncis, which is an “independent marketing organization specializing in the sale and distribution of life insurance and related products,” Les Schlais places a lot of his focus on providing new Associates with the information they need to help their clients make key decisions related to insurance. In order to do this, all Associates must understand the benefits of comprehensive insurance policies and be able to communicate these advantages to their clients, while also ensuring they keep the needs of clients in mind. The following are all benefits of insurance that you should consider before taking out a plan.

Risk Cover

Life is full of uncertainties and there are many situations that may cause issues in your life if you are not properly equipped for them. Insurance offers you the ability to prepare for such scenarios, providing you with the peace of mind to live your life how you want to without having to worry about what might happen if something goes wrong. The best insurance policies are able to mitigate risk and provide you with the protection you need to move on should something happen.

Helping Towards Financial Goals

In many cases insurance can be used to help you achieve your financial goals. For example, those who are planning for retirement can take out life insurance to ensure all of their assets are protected and their loved ones are provided for should they pass on. Paying into an insurance policy also encourages you to be more frugal with your money, allowing you to understand the importance of prioritizing your income. These lessons can be applied in other areas of your life, potentially helping you to achieve financial stability.

Annuities

Annuities are annual sums that are often paid to those who have taken out insurance policies, or to the benefactors of such policies in some cases. They are commonly associated with life insurance policies, with the money that has been placed into the policy often being used by retirees to provide a steady source of income when they no longer work. It is best to speak to a qualified professional to find out how you may best make use of annuities before taking out a policy.

Facilitation of Loans

Insurance policy holders are usually granted the ability to take out loans against their policies, often without affecting the other benefits that their policies offer them. Again, this is useful in cases where life delivers unexpected circumstances that would otherwise leave you in dire financial straits. By having an insurance policy, you give yourself more options to help you handle such scenarios.

Les Schlais is an experienced financial services professional and the current Co-CEO of Syncis.

Les Schlais – Traveling Tips

For those who are traveling enthusiasts like Les Schlais, there are right and wrong ways to travel. Proper planning can turn a traveling trip into a wonderful and memorable experience that you will talk about for years to come. Without proper preparation however, it can turn into a nightmare. With a few tips from experienced travelers however, you can ensure a safe, fun experience, and even save some money in the process.

Here are some traveling tips for beginners:

Don’t Hesitate – Airline ticket costs fluctuate frequently. So much that even the airline can’t predict when. So don’t get hung up too much on ticket price changed. If you can find and afford the right ticket, go for it.

Don’t Double Book – This is a problem that occurs a lot when booking tickets online. Sometimes a screen freezes or the browser reloads while you are booking. This has caused many to accidently book the same flight twice. While these can be canceled within 24 hours, often people don’t check until it’s too late. So be sure to check the day after you book just to make sure this doesn’t happen to you.

Closed Pool? No Problem – Sometimes this happens. You book a hotel specifically because it has a beautiful pool, and by the time you get there, the pool is closed. This actually gives you grounds for a room credit. Ask the front desk about receiving compensation for what was promised. They likely won’t make your stay free, but you could win yourself some additional perks.

Les Schlais enjoys traveling, and likes to prepare for each trip.

Source(s): http://travel.nationalgeographic.com/travel/trip-tips-20-fixes/

 

Les Schlais – The History of Gold

As a businessman in the financial services world, Les Schlais looks to market indicators like gold to tell the state of the economy. Throughout history, gold has played an important role not just in economics, but science, as well as industry, politics, and even religion.

Gold was likely first discovered at the bottom of a stream in its natural state, a shining yellow nugget. Gold is speculated to be the first metal known to early hominids because of how it is found in the natural world. Quickly gold became absorbed in every part of human culture. This was likely a result of its natural beauty, malleability, as well as its resistance to becoming tarnished.

Gold was the first metal known to man because it occurs naturally in a very pure state. Gold is also the easiest metal to work, as it requires little effort to bend, mold, or shape. The early use of gold was likely ornamental, as gold was brilliant and resistant to corrosion.

Early civilizations made gold synonymous with god, rulers, and immortality. Gold was often sought after in the name of gods or high-ranking rulers. Intuitively, humans equated gold with power and elitism. Gold also aided in creating a globally accepted economy, as the worth of it was never disputed. Even oday gold acts as an indicator of the stock market, and still retains its symbolized relation to power.

Les Schlais and other individuals in financial services are interested in gold because of the contributions that the metal makes to the global economy.

Source(s): http://onlygold.com/Info/History-Of-Gold.asp

 

Les Schlais – Basics of Insurance

Les Schlais works for an insurance marketing organization. Insurance is an interesting field with its own set of laws, expectations, and functions. Insurance is a form of risk management that effectively transfers the cost of a specific loss to another institution. Fundamentally, insurance works by a company agreeing in a binding contract to cover costs in the case of a certain event in exchange for regular compensation commonly referred to as a “premium”.

Insurance policies are useful because they allow businesses, individuals, and others to protect themselves against large financial losses by paying a regular, affordable amount. The reason that insurance policies are usually only created around events that have high potential cost is because it would not be financially beneficial to pay a monthly premium to protect against small losses.

A good example of an effective insurance policy is life insurance. Many go under the protection of a life insurance policy in order to financially provide for loved ones in the event of their death. A good candidate for a life insurance policy would be a primary “breadwinner” of the home. If the head of a family is the sole source of income, their death would create a sudden and considerable financial loss, especially if you include the costs of funeral arrangements.

Without the benefit of a life insurance policy, it would be very difficult for a family to recover financially from the sudden loss in income. However, a life insurance policy ensures that with only low monthly premium payments, in the event of your death, your income becomes replaced by the policy insurance amount. This helps to provide a financial buffer for the family in order to aid in the recovery process.

Insurance works as a business premise because of what is called “risk pooling”. Risk pooling refers to a large group of people coming together to insure against a large loss. Fundamentally, an insurance company pools the resources of thousands of people through premiums that want protection against large losses. Because the insurance company receives funds from such a large pool, they can use statistical analysis to calculate actual losses, and operate with profitability. This is possible because often the risks that insurance policies cover is relatively low, but are extremely costly when they do occur.

Insurance works because life is full of risks. With the help of insurance policies, some of these risks can be mitigated. When looking for insurance, it is important to calculate the risk, the cost, and the benefit. An analysis of coverage cost and payout is a fundamental part of creating an insurance policy.

Insurance agents like Les Schlais work hard to ensure that every person is educated about the best policy for them.

Source(s): http://www.investopedia.com/university/insurance/insurance2.asp